Gold continues to refresh highs

Opening price 2063.35 yesterday closing price 2062.38 lowest price 2048.00 highest price 2074.71

Gold continues to refresh highs

On Friday, spot gold set a record high for six consecutive trading days. The number of initial claims for unemployment benefits in the United States declined last week on Thursday, but the total number of people receiving unemployment benefits in mid-July reached a staggering 31.3 million, suggesting that the recovery of the US labor market has stalled. At present, it continues to support gold to move higher, and as gold continues to break through the key resistance level, technically, there is no obvious pressure on the top of gold, and it is expected that gold will soon test US$2100. Pay attention to non-agricultural data in the day.

Technical Analysis: Gold

The price of gold entered the short-term callback range within a narrow range of rise. The market opened at a high of 2063.35 in early trading today. There was a callback thereafter and rebounded after the shock. The current price is at 2059. The overall callback range is not large. It is a shock adjustment. The market is currently waiting for the night. Agricultural data market.

The price is in the middle of the Bollinger Band, indicating that the market is waiting and watching. At present, it is appropriate to understand the profitable warehouse receipt and open a new warehouse for non-agricultural data in the evening.

Day trade strategy: non-agricultural data strategy, beware of large callbacks in data

Resistance: 2060 2065 2070

Support: 2050 2040 2030

Important information:

20:30 After the seasonal adjustment of the non-agricultural employment population in the United States in July (10,000)

Z.com Bullion Analyst: Tony Liu