News focus:
Today, Fed official Waller will give a speech;
Tomorrow, the number of initial jobless claims, producer price index (PPI) and retail sales data will be released;
On Friday, the market will usher in the University of Michigan Consumer Confidence Index report.
Technical analysis:
Gold fell rapidly in the Asian market, then rebounded slightly, and has been in a sideways trend.
I think the recent volatility is more obvious, and there is still uncertainty whether the direction will be quickly completed.
There are large differences in the current price of the short strategy, and it is impossible to make a decisive breakthrough in the short term.
Operation strategy:
Still adhere to the expectation of short-term decline, the rebound will not hinder the final decline expectation, and the strategy of shorting at high points will be maintained in the short term.
You need to pay attention to the key support level of $3160. If the downward trend opens this position, the gold price may test the low position of 3100.
Today, Fed official Waller will give a speech;
Tomorrow, the number of initial jobless claims, producer price index (PPI) and retail sales data will be released;
On Friday, the market will usher in the University of Michigan Consumer Confidence Index report.
Technical analysis:
Gold fell rapidly in the Asian market, then rebounded slightly, and has been in a sideways trend.
I think the recent volatility is more obvious, and there is still uncertainty whether the direction will be quickly completed.
There are large differences in the current price of the short strategy, and it is impossible to make a decisive breakthrough in the short term.
Operation strategy:
Still adhere to the expectation of short-term decline, the rebound will not hinder the final decline expectation, and the strategy of shorting at high points will be maintained in the short term.
You need to pay attention to the key support level of $3160. If the downward trend opens this position, the gold price may test the low position of 3100.
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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.
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.