9.9 Gold Short-term Analysis
Gold fell last week, then rebounded and fell again. It was in a range of fluctuations. The lowest point of the week was 2471, the highest point was 2529, and the weekly line closed at 2497. The weekly line showed a cross star. The gold price was still in a bullish channel. The daily line showed a large range of fluctuations. The non-agricultural data on Friday was bullish, but 2530 was still blocked and fell under pressure. It once fell to 2485. In summary, this week's focus is on the gains and losses of 2530. Although the general trend is bullish, if it does not break the high, it will continue to run in a large range. In the day, the four-hour line showed a large range of fluctuations. The hourly line rebounded in the short term. The upper side first looked at 2500, and if it broke, it looked at 2510. The intraday operation idea is to rebound and fluctuate.
This week's key data
Wednesday: US Consumer Price Index (CPI)
Thursday: ECB monetary policy decision, US PPI, US weekly unemployment claims
Friday: University of Michigan Consumer Confidence Index Preliminary Value
This week's key data
Wednesday: US Consumer Price Index (CPI)
Thursday: ECB monetary policy decision, US PPI, US weekly unemployment claims
Friday: University of Michigan Consumer Confidence Index Preliminary Value
Note
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