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U.S. inflation data for February was released. The data showed that U.S. inflation in February fell more than expected across the board. The decline in inflation also gave the Federal Reserve more room and possibility to cut interest rates. It also slightly reduced concerns originally caused by tariffs. However, with the full implementation of European tariffs, European retaliation also followed, and concerns about a global economic downturn also intensified. The U.S. dollar index rebounded slightly and then fell again.
Gold hourly line pattern chart;
Spot gold; Previously, the gold market continued its strong upward trend, and the bulls performed extremely well. On Wednesday, gold successfully broke through the key resistance level of 2930, breaking the previous confinement and opening the upward channel. On Thursday, the rally not only continued, but also entered a large-volume stage, directly breaking through the previous high of 2956, and without any stop, the highest impact reached 2990. The daily line closed with a long positive line, showing a strong pattern of three consecutive positive attacks. On Friday, it even reached above 3000.
Today's idea;
1; You can go short near 3000 above, with a loss of 8 points, do not cover the position, the target is more than 15 points!
The short position at 3000 points previously arranged continues to be held, and the position will be reduced when it reaches 2970, and all positions will be eliminated when it reaches 2950!
2; The long position below can be adjusted back 15-20 points at each stop rise, and a light position can be tried. For ultra-short-term trading, long positions must have a stop loss. If you don't want to take a loss, you can not participate in long positions.
~
~ In the near future, you can focus on the trend of crude oil, which has reached the low point in the past year!
XAUUSD XAUUSD XAUUSD
U.S. inflation data for February was released. The data showed that U.S. inflation in February fell more than expected across the board. The decline in inflation also gave the Federal Reserve more room and possibility to cut interest rates. It also slightly reduced concerns originally caused by tariffs. However, with the full implementation of European tariffs, European retaliation also followed, and concerns about a global economic downturn also intensified. The U.S. dollar index rebounded slightly and then fell again.
Gold hourly line pattern chart;
Spot gold; Previously, the gold market continued its strong upward trend, and the bulls performed extremely well. On Wednesday, gold successfully broke through the key resistance level of 2930, breaking the previous confinement and opening the upward channel. On Thursday, the rally not only continued, but also entered a large-volume stage, directly breaking through the previous high of 2956, and without any stop, the highest impact reached 2990. The daily line closed with a long positive line, showing a strong pattern of three consecutive positive attacks. On Friday, it even reached above 3000.
Today's idea;
1; You can go short near 3000 above, with a loss of 8 points, do not cover the position, the target is more than 15 points!
The short position at 3000 points previously arranged continues to be held, and the position will be reduced when it reaches 2970, and all positions will be eliminated when it reaches 2950!
2; The long position below can be adjusted back 15-20 points at each stop rise, and a light position can be tried. For ultra-short-term trading, long positions must have a stop loss. If you don't want to take a loss, you can not participate in long positions.
~
~ In the near future, you can focus on the trend of crude oil, which has reached the low point in the past year!
XAUUSD XAUUSD XAUUSD 
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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.
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
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.