CPI gold trading strategy
Updated
#XAUUSD Important CPI data will be released tomorrow, which will greatly affect the trend of gold. The current 1h trend of gold is still in a triangle shape. The top is temporarily around 2189-2195. Near 2154-2159 below. I think we can buy gold first in the short term during the Asian and European trading tomorrow. Target area 2189-2195. Then sell or continue to buy gold based on CPI data.
Asian and European trading buying area: 2175-2180
After the US CPI data is released:
1 (cpi data causes gold to fall. Selling gold target looks to 2159-2162) buying area 2154-2159
2 (CPI data causes gold to rise further) Buy after breaking through new highs, and keep looking towards new historical highs. it's worrying
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The cpi data basically runs according to my judgment. I made the judgment yesterday. I think I helped some people.
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