XAUUSD:13/11 Market Analysis and Strategy
Updated
Gold technical analysis
Daily resistance 2710, support below 2580
Four-hour resistance 2626, support below 2580
Gold operation suggestions: Yesterday, the technical side of gold ushered in a wide range of long and short shocks in the shock. The gold price in the Asian session continued the previous day's weak downward adjustment, reaching 2589 and stabilizing and rebounding. Finally, the gold price formed a bottoming out and rebounded strongly in the US session to around 2617. Then it continued to fluctuate sideways.
Today's key support below focuses on yesterday's low of 2588-90. If it stabilizes at this position, it can be long in the short term. The upper short-term resistance focuses on the 2626 line. Strong resistance suppresses the 2638-40 line. Rely on this range to maintain high-selling and low-buying transactions during the day. The short-term long-short dividing line is near 2626, and wait patiently for key points to enter the market. Be alert to the rapid reshuffle of the market caused by the CPI news in NY time.
SELL:2638near SL:2641
SELL:2626near SL:2730
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Daily resistance 2710, support below 2580
Four-hour resistance 2626, support below 2580
Gold operation suggestions: Yesterday, the technical side of gold ushered in a wide range of long and short shocks in the shock. The gold price in the Asian session continued the previous day's weak downward adjustment, reaching 2589 and stabilizing and rebounding. Finally, the gold price formed a bottoming out and rebounded strongly in the US session to around 2617. Then it continued to fluctuate sideways.
Today's key support below focuses on yesterday's low of 2588-90. If it stabilizes at this position, it can be long in the short term. The upper short-term resistance focuses on the 2626 line. Strong resistance suppresses the 2638-40 line. Rely on this range to maintain high-selling and low-buying transactions during the day. The short-term long-short dividing line is near 2626, and wait patiently for key points to enter the market. Be alert to the rapid reshuffle of the market caused by the CPI news in NY time.
SELL:2638near SL:2641
SELL:2626near SL:2730
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Note
There is still 1 hour before the release of CPI data, which is one of the important data indicators for measuring inflation. Generally, 3% is used to measure the size of inflation. The previous value of CPI data was 2.4%, and the market expected value for this period was 2.6%. According to the expected value, inflation is within the controllable range of the Federal Reserve, which is bearish for gold and silver.
1. If the actual value announced is in line with the expected value of 2.6% or close to the previous value of 2.4%, it means that inflation is slowing down. Pay attention to the rhythm of gold falling first and then rising.
2. On the contrary, if the actual value announced is too large or exceeds 4%, it means that inflationary pressure is rising, which is bullish for gold and silver, resulting in a sharp rise in gold. The specific value of CPI still needs to wait for the announcement of the actual value. News trading is risky. Beware of the market's long and short double-kill reshuffle.
Trade active
After the news, gold fluctuated in a few dollars range, and only scalped profits were obtained. Continue to focus on the 2626 resistance to sell and the 2600 resistance to BUY. 
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