OANDA Step-by-Step Gold Buying Strategy by Kallie_Golden: XAUUSD — TradingView

Before the release of non-agricultural data: a progressive gold buying strategy

As shown in the figure: Gold price expectations in the next few days, as well as two specific entry points are as follows:

Purchase 1: 4700-4705

Purchase 2: 4650-4660

Stop loss: 4640-4650

Target price: 4740-4800+

Nonfarm payrolls countdown: Major investor moves become clear.

I made myself a cup of coffee and we were all watching closely – today the price of gold rose from $4,680 to $4,728. This is not just a run-of-the-mill recovery; it shows that major investors are adding to their positions ahead of the non-farm payrolls release!

First: News: Today’s non-farm payrolls data is the most important data in May and is crucial to determining whether gold prices can remain above $4,700.

Second: Geopolitics: The most prominent factor in the past two days—the news that the United States and Iran may reach an agreement in negotiations—led to a sharp decline in oil prices.

My assessment: Conflict is normal during negotiations. Today’s non-agricultural data is the real focus. Geopolitical news will only increase intraday volatility and will not change the overall trend.

Strong support level: 4680-4690

First resistance level: 4735-4750

Breakthrough target: 4780-4800

Mid-term target: 4870

Technical analysis summary: 4500 points is a strong bottom for this correction.

Basic strategy: hold long positions and wait for non-agricultural data to trigger a rebound!

Acknowledging the validity of your perspective will give you more satisfaction than anything else.

When the oil price fell to $4,500 on Monday, netizens panicked, but I tell you: “This is an excellent opportunity.” When the gold price reached $4,680 on Thursday, many people hesitated, but I directly shouted: “Hurry up and get in!” Those who followed my advice have made more than $200 in unrealized profits. This money is a reward for thinking independently and not following the crowd.

The logic is clear: news + technical analysis + position management are indispensable. I will be keeping a close eye on pre-market trading and will provide updates immediately before and after the NFP report is released.

If gold prices break above $4,750 ahead of the non-farm payrolls report, this is a bullish sign that you can take advantage of.

The bottom has formed. The non-farm payrolls report will ignite markets.