Gold pays attention to important data today:
U.S. July quarter-adjusted core CPI annual rate, quarter-adjusted CPI annual rate
Personally, it is expected that if the announced value is unexpectedly less than or equal to 3.0%, it means that U.S. inflation has indeed slowed, interest rate hike expectations have cooled, and the dollar is bearish.
If the announced value is 3.1~3.3%, the probability of shock is greater, and there is a chance for both long and short.
If the announced value is greater than 3.3%, it will gain more U.S. dollars and short all risky assets and non-U.S. currencies.
Once the bearish gold price situation occurs tonight, gold is likely to fall first and then rise, then the area below 1900-1910 will stop falling and rebound.On the 1-hour chart or the 4-hour chart, we will see a long lower shadow line.At this time, you can buy gold lightly. If the rebound is weak after falling below 1900, you can stop the loss.
Gold trading advice today:
Gold:buy1900-1910 TP:1918-1923
Cautious traders can wait for the news and then trade, which can better ensure the security of your account
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
Note
Waiting for today's trendNote
Gold pays attention to whether it breaks through the resistance of 1932-1935Note
The announced data is 3.2%, which is currently fluctuatingNote
The opportunity will pass soonNote
If there is volatility, there is a chance to make moneyNote
1910 Did you catch it?Note
The opportunity is fastNote
I will continue to share next week
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.
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.