📰 Impact of news:
1. CPI data is profitable
2. The US CPI rose slightly in May, and Trump's tariff effect has not yet fully emerged
📈 Market analysis:
The trend line position of the 4H chart coincides and resonates with the middle track of the Bollinger Band, with 3326 as the watershed reference. This is why it is difficult to break below this point after repeated tests. Once it breaks below, the short-term trend is likely to fluctuate from strong to weak. However, the current support below is still strong at 3330-3326. The repeated rise and fall of data during the day also stopped the decline at this point. If the price does not lose here, the pattern of strong fluctuations will remain unchanged, and the bulls will gradually regain lost ground. At present, it is time for space. The operation suggestion for the future market is to continue to rely on the bullish trend above 3330, and 3330-3326 can be flexibly entered. At the same time, the RSI indicator is above 50 and there is still some space from the overbought zone. The signal is given that 3360, although the long upper shadow line K is closed, is very likely not the short-term top. After the sharp rise and fall in 1H, it went sideways and waited for the next wave of strength. If the night close is above 3326, the upper area will probably be 3350-3360. If the price can break through and stabilize this level, the upward pace will most likely accelerate to reach 3370-3380.
🏅 Trading strategies:
BUY 3330-3326
TP 3350-3360
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
XAUUSD XAUUSD XAUUSD XAUUSD GOLD
1. CPI data is profitable
2. The US CPI rose slightly in May, and Trump's tariff effect has not yet fully emerged
📈 Market analysis:
The trend line position of the 4H chart coincides and resonates with the middle track of the Bollinger Band, with 3326 as the watershed reference. This is why it is difficult to break below this point after repeated tests. Once it breaks below, the short-term trend is likely to fluctuate from strong to weak. However, the current support below is still strong at 3330-3326. The repeated rise and fall of data during the day also stopped the decline at this point. If the price does not lose here, the pattern of strong fluctuations will remain unchanged, and the bulls will gradually regain lost ground. At present, it is time for space. The operation suggestion for the future market is to continue to rely on the bullish trend above 3330, and 3330-3326 can be flexibly entered. At the same time, the RSI indicator is above 50 and there is still some space from the overbought zone. The signal is given that 3360, although the long upper shadow line K is closed, is very likely not the short-term top. After the sharp rise and fall in 1H, it went sideways and waited for the next wave of strength. If the night close is above 3326, the upper area will probably be 3350-3360. If the price can break through and stabilize this level, the upward pace will most likely accelerate to reach 3370-3380.
🏅 Trading strategies:
BUY 3330-3326
TP 3350-3360
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
XAUUSD XAUUSD XAUUSD XAUUSD GOLD Trade active
Our bullish trading strategy has been profitable. Bros, as long as you read it carefully and follow it, you have made the same profit as me. Let's see if the gold price can successfully break through the 3340 line above.
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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.
Related publications
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.