Just as market participants are hoping that the Federal Reserve will suspend interest rate hikes as soon as June, the latest US April non farm payrolls and unemployment rate data released last Friday should make this expectation of a pause in interest rate hikes come to naught. Due to the record of 253000 non farm payrolls in the United States in April, which was higher than expected and the previous time, the unemployment rate also dropped to 3.4% at the same time, reflecting that the employment market environment in the United States in April has not yet weakened further. The ideal employment foundation should increase investors' concerns about the Federal Reserve's continued interest rate hikes. Therefore, risk appetite should gradually decline, which should constitute a suppression of the lack of acceptance of high gold prices.

It can be deployed to establish a short position around $2030, with short-term bearish gold prices reaching a level of $1987 before stopping at profit and a stop loss of $2038.