Gold analysis: Be brave to open a position

The highly anticipated non-farm payroll data has been released. The employment figures significantly fell short of market expectations, further reinforcing expectations of a Federal Reserve rate cut and leading to market bets on a series of rate cuts. Spot gold prices surged in response to the data, reaching a new all-time high of 3,586. The market is strengthening further, and the current trend is extremely strong. In this market, there's no need for overthinking. Strategically, you should simply follow the trend and open long positions based on previous support levels. As long as you avoid blindly opening short positions against the trend, there's no problem. Many people, seeing such a large rally, bet on a pullback. This is completely unnecessary, as a strong market won't allow much room for a pullback. It will likely fluctuate sideways and not necessarily experience a decline. It's more likely to take a breath, then continue to rise, and then continue to rise again. Therefore, as long as you follow the trend, opening long positions is fine.

Gold Strategy

If you're unsure about pullbacks, follow my instructions.

First, divide your position into multiple smaller positions and open buy orders multiple times. Buy near each support level. This way, you can avoid a significant portion of the risk and avoid missing out on market trends.
Support points: 3576, 3560, 3554, 3545