How to make an order on non-agricultural day when speculating on gold? For gold traders , the term non-agricultural market should not be unfamiliar, because there will be non-agricultural market prices every month, and non-agricultural market prices generally move very quickly and fluctuate greatly.
The so-called non-agricultural data refers to the three values of the US non-farm payrolls, employment rate and unemployment rate. The price of gold is directly related to the direction of the US dollar market. So how does the non-agricultural data affect gold ? How do gold investors do non-agricultural bills?
The impact of non-farm payroll data on gold prices :
The non-agricultural data is released at 20:30 on the first Friday of each month. When the non-agricultural data is released, the gold market will directly show corresponding changes. The non-agricultural data and the trend of the gold market are inversely proportional. When the non-agricultural data is good, the price of the gold market will be in a downward trend. Conversely, when the non-agricultural data is poor, the price of gold will rise. When non-agricultural data are released, they are not released all at once, so investors need to seize the opportunity.
How do gold investors grasp the non-agricultural market?
- Analyze the market
Before the release of the non-agricultural data, investors can conduct a forward-looking analysis of the market half an hour to an hour in advance. After analyzing the market, they can place pending orders to find a suitable price to enter the market, not because the market is too volatile Could not find a suitable price. When the non-agricultural data is released, investors should always pay attention to the announcement of the data and the changes in the market, so as to keep their profits in their own hands.
- Take advantage of market inertia
After the non-agricultural data continues to be released, the market will undergo drastic changes due to the non-agricultural data. After the non-agricultural data is released, it will continue for a period of time. This is the inertia of the market. Place an order in detail, because at this time, the market is slowly stabilizing, which is one of the opportunities for investors to make profits.
- The key support level and resistance level are not broken twice to make an order
Before the release of the non-agricultural data, first find the support and resistance levels of the market that day, and then determine the operation ideas of the US market at night through the strength of the European market. In terms of evening data, if the data is bearish and the market does not fall below the support, go long at the support level; similarly, if it is bullish and the market does not rise above the resistance level, enter a short order at the resistance level, and at the same time, at the corresponding Support and resistance levels are used to lighten up positions.