Short-Term Rebound in Gold, but Bearish Trend Persists
Updated
Gold experienced a brief rebound today, rising nearly $15 during the Asian session. This rally is primarily driven by an oversold bounce, and while there may still be some upward movement during the U.S. session, the overall trend remains bearish. Since Trump's election victory, the U.S. economy has continued to show strength, further driving the U.S. dollar higher, putting additional downward pressure on gold.
The market is now focused on today's U.S. CPI data, as investors will assess whether this will prompt the Federal Reserve to continue its rate-cutting policy after December. If the CPI report is bearish, gold may face more significant downside pressure, and the probability of further rate cuts by the Fed could increase.
As a result, gold remains in a bearish market for the remainder of this week, though we anticipate a gradual recovery starting next week. With only a few trading days left this week, the strategy should remain focused on shorting gold.
Today's Trading Strategy: During the U.S. session, gold may experience some upward movement. This provides an opportunity to continue shorting gold, especially ahead of the CPI data release. Be sure to implement stop-loss and take-profit orders to effectively manage risk.
I recommend following this approach for your trades. Ensure proper risk management with stop-loss and take-profit settings, securing profits while mitigating potential risks. If you need a more detailed strategy, feel free to reach out. I will share the complete weekly strategy with all VIP members.
The market is now focused on today's U.S. CPI data, as investors will assess whether this will prompt the Federal Reserve to continue its rate-cutting policy after December. If the CPI report is bearish, gold may face more significant downside pressure, and the probability of further rate cuts by the Fed could increase.
As a result, gold remains in a bearish market for the remainder of this week, though we anticipate a gradual recovery starting next week. With only a few trading days left this week, the strategy should remain focused on shorting gold.
Today's Trading Strategy: During the U.S. session, gold may experience some upward movement. This provides an opportunity to continue shorting gold, especially ahead of the CPI data release. Be sure to implement stop-loss and take-profit orders to effectively manage risk.
I recommend following this approach for your trades. Ensure proper risk management with stop-loss and take-profit settings, securing profits while mitigating potential risks. If you need a more detailed strategy, feel free to reach out. I will share the complete weekly strategy with all VIP members.
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The current gold price allows you to short the market with a light position. If the market goes up, you can continue to increase your position at the higher price!Note
Short and continue to hold
Market trading is not only as sharp as a falcon, but also as delicate as a painting!
Only in this way can we ensure continuous profits!
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Only in this way can we ensure continuous profits!
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