XAUUSD: Under a strong rise, a pullback is a buying opportunity
Updated
Yesterday, I felt that CPI would fluctuate greatly, so I did not participate. In fact, it was true. It was sideways before the data, and rose directly from 2378 to 2425 after the data was released. The fluctuation range was very large.
With the significant positive CPI data yesterday, the gold price broke through the 2400-point integer mark in one fell swoop. From the daily chart, the bulls continued to have a strong upward momentum, so our trading strategy today can continue to be bullish.
From the previous high point of gold prices, the main pressure area is above 2430, so there is still room for gold to rise. Now the gold pullback is a buying opportunity, and the lower support is in the range of 2390-2397.
You can grasp the buying opportunity by yourself, and I wish you all good luck
With the significant positive CPI data yesterday, the gold price broke through the 2400-point integer mark in one fell swoop. From the daily chart, the bulls continued to have a strong upward momentum, so our trading strategy today can continue to be bullish.
From the previous high point of gold prices, the main pressure area is above 2430, so there is still room for gold to rise. Now the gold pullback is a buying opportunity, and the lower support is in the range of 2390-2397.
You can grasp the buying opportunity by yourself, and I wish you all good luck
Trade active
If you are aggressive, you can buy directly at 2400, and if you are conservative, you can continue to wait for the support to buy.Trade active
Very good, the price starts to rise after falling to our buying range, keep holding and wait for the price to rise.Trade active
Now the price has reached 2410, steady friends can take profits and close now
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