Gold surprised us at the opening of this week, and opened 50 points lower. Now the opening price of gold is lower than the low point of last week. After paying attention to the rebound and repair, we will continue to arrange the high-altitude ideas. The current high point of gold rebound is 3292, and the gap of the gap is around 3326. Now it is a bit difficult to repair this gap. The news on the weekend is all bad for gold prices, and it may need later data or good news to help. Keep watching the continuation of the C wave. The US market will usher in CPI data, so the main analysis is still in the short-term aspect. Yesterday, the gold price fell unilaterally and almost 100 points, and stopped falling and rebounded at the previous low. In view of the release of CPI data in the US market, the current volatility of gold prices has slowed down, so it is recommended to keep an eye on it first. If the gold price touches 3280 after the release of the US market data, you can start to arrange short orders to look down at the key support position of 3200. After breaking the position, you can continue to look at the lower track of the downward channel analyzed in the morning, around 3150.
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99% accurate trading signals. Top analysis masters
t.me/+8XRxoUJXG1ExMmFk
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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.