The negative non-agricultural data on Friday did not cause a fall, but the bulls started a surge mode. In the intraday, it not only hit the previous high pressure of 2693, but also returned to the vicinity of the 2700 mark. Although it failed to break through the 2700 mark in the end, the technical form also highlighted the fact that the decline has stopped and is favorable to the bulls.

First of all, looking at the weekly line, the weekly line has closed positively for consecutive weeks, and this week closed a long lower shadow line. The bulls do have an advantage. In addition, the short-term moving average keeps moving upward and other periodic indicators, as well as the Bollinger Bands, are also intended to move upward, so the overall weekly line can be expected to be strong. The bulls can launch a strong counterattack at any time.

Gold non-agricultural data is bearish, and gold has bottomed out and rebounded. Gold rose again under the stimulation of risk aversion in the US market on Friday. The short-term pressure is under the resistance of the 2700 mark, and the short-term pressure is adjusted. However, the bullish trend of gold is still there. Continue to buy when it falls back this week!

Just don't chase the rise in the short term under pressure at 2700. If gold breaks through 2700 further under the stimulus of risk aversion, then gold will fall back and continue to follow up and go long. If it cannot break through, then gold will wait patiently for low points to buy. Gold stopped at 2663 after the negative non-agricultural data on Friday. Gold bought on dips above 2663 this week. The gold moving average support now moves up to 2672. Wait for 2672 to enter the market first.

First support: 2685, second support: 2672, third support: 2666

First resistance: 2700, second resistance: 2715, third resistance: 2726

Operation ideas:

BUY: 2672-2675

SELL: 2708-2710
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SL:2679
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2668now Running slowly, temporarily closed for profit
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