Liang Ge Daily Profits—Gold Morning Session: Weak Oscillation, Waiting for ADP Mini-NFP!

Gold experienced another round of intense volatility yesterday. After a significant decline during the day, it saw a strong rebound in the evening, but faced obvious resistance around the 4230 level. Later at night, influenced by news, it surged again, showing an overall wide-range oscillating pattern, with the short-term trend still leaning bearish.

Tonight, the ADP "mini-NFP" data will be released. Given that this week's NFP data has been delayed, the impact of this ADP release may be even more significant.

From a technical perspective, the 1-hour moving average for gold has gradually flattened. If it subsequently turns downward, gold prices may weaken further. If gold rebounds to below 4230 and faces resistance in the morning session, consider short positions on the rallies, with an initial target of 4205. If that level is broken, further downside can be expected.

The market changes rapidly, and news can be both true and misleading, but the essence of trading is simplicity. Only by closely following the trend can you seize opportunities amid volatility.

Disclaimer: The above analysis is for personal sharing only and does not constitute any trading advice. The market carries risks; please invest cautiously.