TraderS | 缺德道人|8月 31, 2026 14:22
Just based on market trends, today is a good day to go long on gold and short on oil.
Both of these assets are strong macro plays over the long term.
If you don’t want to or don’t have the energy to research too much,
you can simply use the two price ranges to trade in waves.
WTI oil prices will fluctuate between 70-90; buy low, sell high.
Gold, after starting its rally from 4000, is currently in its first pullback. Around 4400 is a good entry point for longs, with a target to return to the 5000 range.
This week’s main market theme is the non-farm payroll data.
Today, U.S. stocks are recovering from last Friday’s drop caused by Waller’s hawkish remarks. Likely, this recovery will continue until Wednesday, followed by non-farm payroll data further boosting/solidifying expectations for a September rate hike. After pricing in the new data, the market will likely resume its decline.
@BITstocks_CN Buy U.S. stocks on BIT, with access to 10,000+ U.S. stocks and ETFs, real holdings, and dividend payouts.
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