Zong Xiaoli: Non-farm payrolls are officially coming, but unfortunately the market is quite chaotic. How should we respond tonight?

First, let’s talk about gold. Yesterday’s price action clearly conveyed a signal: that gold is currently not in a true bull market. As long as the relevant stimulus factors appear, it will cause gold to undergo a sharp correction. This is completely different from last year’s streak of continuous gains. It can also indirectly confirm that gold is no longer in a bull market. So everyone should be extra careful. Although the overall trend in April appears to be ranging upward, you must wait until the pullback is properly complete before entering to go long, and you can’t be greedy. If you’ve reached a suitable position, you should exit—taking profits is the fundamental principle. Remember this~

Now let’s talk about the U.S. Dollar Index. Yesterday’s performance was nothing short of outstanding—rising sharply right away. This fully matches the move that Xiao Li previously emphasized, and it also shows that the U.S. Dollar Index still isn’t willing to fall. It needs to find opportunities to move higher. Even though overhead resistance is huge, the intention behind the U.S. Dollar Index strengthening is becoming stronger and stronger. Therefore, there is still upside room for the U.S. Dollar Index in the future. However, the path will be quite bumpy—there may be a pattern of going up three steps and retreating two steps. Everyone should stay more patient. As for trading, for today you may consider going long at lower levels when the timing is right; that way, there may be a chance for profits~

Tonight, the Non-Farm Payrolls data is coming. The market will definitely face some twists and turns, but no matter what the data shows, the final effect should provide support for the U.S. Dollar Index—only then can it be considered normal. But if the U.S. Dollar Index directly falls, it means the dollar pressure is too big and can’t effectively defend the market. In that case, we need to watch more carefully. Once the pullback force has burned out, then we can look for an opportunity to go long on dips. For reference~

PS: Qingming holiday—currency commentary will be suspended for one day. It will resume on April 7. This is to notify you!