2nd August 2013
GOLDLYTICS
Gold fell $25 in early trading this morning as investors looked to book profits prior to today’s Nonfarm payroll number. The gold market had managed to retrace 61.8% from its huge sell off in June but in 2 trading sessions it has managed to fall 3.6%. As stated before this market can move 2-5% in a blink of an eye and the sell off this morning came with no warning. The 1300 level now turns into major resistance to the upside. Downside support starts at 1250 and 1200 and we can easily reach those levels in an hour of trading.
The payrolls report today is perhaps the biggest of the whole year as if we get a positive number it will be the third straight increase in as many months. If we see a positive number then gold has potential to fall further but how far and how quickly it goes nobody knows.
在今天的非农数据公布前,因投资者获利了结,黄金今天早些时候下跌25美元。黄金市场受6月大幅抛售的影响,已经回调至61.8%,但这两日的交易中又下跌3.6%。如前所述,黄金市场可能一瞬间移动2-5%,今早的下跌就没有任何缘由。1300是黄金价格的主要阻力位,1250和1200是支撑位,仅仅一小时就可以轻易触及这些位置。
今天的非农可能是今年来最大的,如果今天的数据积极,将是连续三个月就业上升。如果今天的数据积极,黄金将会进一步下跌,但是没有人能够预测下跌持续多长时间,下跌速度多快。