Non-farm payrolls deliver a bearish shock! Gold tests the bottom and stabilizes, firmly waiting for a low-buy rebound

Tonight's market is entirely driven by non-farm data. The data significantly bearish for gold, and we promptly suggested short entries above 5190. As expected, the market sharply declined, dropping to around 5090, then halted its fall and began to rebound. This decline has basically digested the bearish sentiment from the non-farm report, and the room for further downside in the short term is now very limited.

Although the overall chart still remains within a downward channel, there is short-term inertia for a pullback, but support levels are now appearing densely below. The price must establish a bottom here before a genuine rebound can occur, which is also the main focus of our upcoming strategic layout. Geopolitical news from Iran and other regions are just temporary disturbances and do not affect the overall structure. The current main trend remains clear: a test bottom and rebound after the non-farm data release. Don't let noise interfere with your judgment.

Core Trading Range
Long Entry Zone: 5100—5110, enter in batches, with stop-loss below 5070. First targets are 5180—5200, with a breakout aiming higher.
If the rebound hits the 5190—5200 resistance zone, consider light short positions, targeting 5140—5120, with stop-loss above 5220.

Operationally, we continue to adhere to the low-buy strategy, avoiding chasing shorts or blindly bearish views. Wait for the price to stabilize at support levels below before gradually building long positions. As the bearish momentum exhausts overnight, gold is highly likely to gradually rebound and re-establish above 5200.
⚠️ Disclaimer: This strategy reflects personal opinions only and does not constitute investment advice. Markets carry risks; invest cautiously.

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