Brothers, the current fluctuation time of gold is too long. Generally speaking, in the trend market, if the sideways fluctuation time is 3-4 days, it will give a clear direction. The longer the fluctuation time, the less clear the direction will be. As the accumulated energy becomes stronger, once a breakout occurs, the market will explode with greater intensity. CPI data will become the key variable of today's gold trend. The gold trend may fluctuate. If CPI is higher than expected, the gold price will be under pressure in the short term and may fall below 2900. If CPI is in line with or lower than expectations, the gold price may rise to 2930. Today's gold trading focuses on whether the gold price can break through the 2930 mark. Today's gold trading focuses on whether the gold price can break through the 2930 mark. The gold operation idea for the day is to first maintain the gold price if it does not break through 2930 and see if it falls, and focus on the 2900 first-line support below.
Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
Trade active
Brothers, I still have yesterday’s short positions unclosed, and the CPI data will be released in one and a half hours. Perhaps this is an opportunity for gold to break out of the range of fluctuations, but I am more optimistic about the trend of gold rising first and then falling!Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
Trade closed: target reached
Bros, in the last article, I mentioned that CPI data will become a key variable for today’s gold trend. With the release of CPI data lower than expected, gold is in a bullish situation, but gold has not risen above the 2920-2930 area, which shows that the resistance to gold from above cannot be underestimated. Therefore, in short-term gold trading, I still insist on shorting at high levels, and the lower target is the 2900 line.
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Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.