Non-Farm Payroll Night Spot Gold Experiences Initial Decline Followed by Rise, Market Fluctuations Unchanged by News

On Non-Farm Payroll Night, the spot gold price exhibited a clear pattern of initial decline followed by a rise, fluctuating around key price levels with significant market disturbances acting as the main driving force.

From the 1-hour chart, gold prices initially surged to the upper Bollinger band near 4318 before retreating, dipping to the lower Bollinger band at around 4271 for support, and then rebounding to stabilize near the middle Bollinger band at around 4295, showing significant characteristics of a short-term fluctuation range.

The dual catalysts of intraday news caused disturbances in gold prices: at 04:15 AM, U.S. President Trump delivered a speech, triggering market fluctuations in expectations regarding U.S. policy direction, leading to a brief surge in gold prices before retreating under pressure from risk-averse sentiment; in the evening at 20:30, U.S. Treasury Secretary Mnuchin's speech focused on fiscal and monetary policy direction; although it did not release any signals exceeding expectations, the market's speculative sentiment towards the non-farm data cooled down, pushing gold prices to rebound from the day's low.

As a core fundamental factor influencing gold price trends, the market's cautious sentiment before the release of non-farm data, combined with scattered disturbances in the news, jointly created the intraday fluctuation pattern of gold's "dip-rebound." In the short term, with the Bollinger bands tightening, gold prices are likely to maintain a fluctuation range of 4270-4320, awaiting directional choices after the release of non-farm data; if the data significantly deviates from expectations, gold prices may break through the Bollinger band, initiating a new trend market. #黄金 #非农就业数据