GOLD: Uncertainties Remain!

Hello everyone! Today i want to share some macro analysis with you!

Monday opened with a short climb in gold! It touched a high near 3272.5! Currently the technical side of the pullback adjustment! VIP group of Asian market signals sell orders successfully profit! Congratulations!

Note: In the short term, gold still has the risk of retracement! Asian markets continue to keep sell orders trading mainly! $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2506(GCmain)$

Friday (May 2), the U.S. Bureau of Labor Statistics (BLS) released the much-anticipated April non-farm payrolls report, the data showed that the U.S. economy added 177,000 jobs, exceeding market expectations of 130,000, showing that the labour market resilience still exists.

The unemployment rate remained at 4.2%, in line with expectations, while the previous value of the March data was revised downward from 228,000 to 185,000, highlighting the usual operation of official data adjustment. Average hourly earnings grew at a slightly weaker-than-expected pace of 0.2% YoY, falling short of expectations of 0.3%, but the year-on-year growth rate of 3.8% was still above the level of inflation, suggesting that real earnings are still growing.

Markets reacted quickly but in mixed directions after the data was released. The US Dollar Index appeared hesitant after the data release and despite briefly touching 100.04, it then fell back to 99.95, down 0.23% on the day, failing to extend its earlier strength. Gold fell about $9 to $3,250/oz within a minute of the data release, but then shockingly rebounded to $3,255/oz, up 0.56% intraday, with short-term resistance levels of 3,260 and 3,265 in focus.

Overall, the over-expected performance of April's non-farm payrolls data injected short-term confidence into the market, but downward revisions to historical data and external uncertainty still keep investors on alert. Risk assets may still have upside in the short term, but medium to long term downside risks are building.

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Gold Breaks Above $3300: Can This Rally Push Even Higher?

Gold prices have surged again, climbing back above $3,300. Over the past two weeks, gold has experienced a roller-coaster ride—after nearing its historical high of $3,500 earlier this month, prices plunged to a low of $3,123 on May 15, marking a 10% pullback, only to rebound back above $3,300 this week. Online debates are heating up over whether gold is "trapping investors at the top" and whether it's still a good buy. What’s your take? What’s your target price for gold this year? With gold rising and U.S. stocks falling, is gold better suited for swing trading in the current market?

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GOLD: Uncertainties Remain!

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