6.11 Gold Bull-Bear Game
According to the data from Monday and Tuesday, gold is still in a bull-bear game overall, but the CPI data released today will temporarily interrupt the game state.
The data from Monday and Tuesday show that there is strong support near 3300, and long orders can establish positions based on this support.
Combined with today's market trend, there is pressure near 3350, but at present, the pressure is not enough to change the upward trend. We can only see whether the evening news will bring a big decline.
Before the evening news is released, it is not recommended to blindly chase more.
Today, you can rely on a light position below 3350 to short, and the stop loss is placed at 3357. If the news is negative, you can add more during the callback. The target is 3310. Don't be greedy, after all, the overall trend is still an upward trend. On the contrary, if there is good news, it may sprint to 3400 today.
Thank you for your attention, I hope my analysis can help you.
According to the data from Monday and Tuesday, gold is still in a bull-bear game overall, but the CPI data released today will temporarily interrupt the game state.
The data from Monday and Tuesday show that there is strong support near 3300, and long orders can establish positions based on this support.
Combined with today's market trend, there is pressure near 3350, but at present, the pressure is not enough to change the upward trend. We can only see whether the evening news will bring a big decline.
Before the evening news is released, it is not recommended to blindly chase more.
Today, you can rely on a light position below 3350 to short, and the stop loss is placed at 3357. If the news is negative, you can add more during the callback. The target is 3310. Don't be greedy, after all, the overall trend is still an upward trend. On the contrary, if there is good news, it may sprint to 3400 today.
Thank you for your attention, I hope my analysis can help you.
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.
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.