Gold fluctuated at a high level during the day, and fell back after hitting the 2925 line in the European session, which was consistent with our expectations. There will be CPI data tonight, and there will be large short-term fluctuations. Pay attention to the impact of the data. In the 4H cycle, the white market has continuous high cross stars, and the Bollinger Bands are still closing in parallel. It will continue to fluctuate at night, but because the daily cycle is still bearish, the operation will fall back to the key position and then go short. Yesterday's low point was 2906, and the upper pressure was 2925-2930. Pay attention to the gains and losses of key positions after the data. We will pay close attention to market trends and grasp the subsequent market trends in a timely manner.
You can read bottom signals, interpret daily market trends, and share real-time strategies so that you no longer blindly follow the trend.
You can read bottom signals, interpret daily market trends, and share real-time strategies so that you no longer blindly follow the trend.
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Faced with the complex and ever-changing international situation, geopolitical conflicts and economic data fluctuations, as a qualified trader, he can always unravel the mystery, predict the trend of gold prices from the macroeconomic pattern, and skillfully grasp the timing of entry and exit. In the field of gold trading, his forward-looking analysis of industry trends and in-depth research on corporate fundamentals help tap potential markets and avoid potential risks.Trade closed: target reached
As soon as the CPI data came out, it was generally felt that this was good news for gold. According to common sense, once the good news came out, the price of gold should have soared all the way and broken through the range of fluctuations, but the reality gave everyone a surprise. Although the price of gold rose briefly, it soon turned around. It made me more convinced of my previous judgment that gold will continue to fall. The market is always right. What we have to do is to follow the market trend, not to go against the market. Witness the moment! It has successfully reached the target area. In the future, I will continue to pay attention to the market situation and seize every opportunity to share with you.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.