The game of long and short is inseparable, and the heavy non-agricultural is about to hit

A brief analysis of the fundamentals:

On Monday (May 30), the U.S. market was closed for Memorial Day, and intraday trading was light, and the price of gold remained in a weak and volatile state, closing at $1,855.10 an ounce. At present, investors are waiting for the US non-farm payrolls data for May released on Friday. This heavy data may reveal the degree of Fed tightening policy after the third quarter of this year. In addition, the US ISM manufacturing and services index, the Fed's beige skin Books, etc. will also be released this week, and the heavy announcement of heavy data will bring guidance to the price of gold.

Spot Gold XAU 4-hour chart

A brief technical analysis:

From the 4-hour chart, the price of gold continues to fluctuate in a range, 1840 has become a watershed for long and short, the MACD red column is shortened, and the RSI indicator is flat.

Long and short turning point: 1840.00

Resistance: 1865.00 1890.00

Support level: 1815.00 1800.00

Trading strategy: bullish above 1840.00, target 1865.00 1890.00

Alternative strategy: bearish below 1840.00, target 1815.00 1800.00