A false shot of gold Looking forward to the future market

goldaspect:

Overnight GoldADPThe data serves as an opportunity and explosive point, with a rapid decline in the short term, directly undermining the confidence of the bulls, and then partially recovering lost ground. This is likely just a short-term clutter, and the overall trend has not been greatly affected.

U.S.A6monthADPThe number of employed people has reached an astonishing level49.7Ten thousand people, it's the expected value（22.8More than twice as many as ten thousand people, also2022The new high since the beginning of the year and the booming employment data have directly ignited market sentiment and put pressure on gold.

From a historical perspective,ADPData and non-agricultural data are not synchronized in a neat and uniform manner, and there are also many cases where the two data are completely different. Today, non-agricultural data should be cautious,ADPThe data has already raised market expectations, and if non farm data falls short of expectations, the market's reaction may be very intense.

Technical aspect: The gold daily closed with a bearish candlestick, but the pattern has not completely deteriorated, and the long-term moving average support below is still effective.1The decline in hourly cycle prices is not sustainable and has a high probability of becoming a clutter. The price center begins to shift upwards, and the probability of continuing to rise in the short term is high. Suggest following1908The support of the US dollar on the first line.