CPI data exceeded expectations for three consecutive months, and gold took this opportunity to make a sharp correction. During the correction, gold also fell below the upward trend line many times, with the lowest touching below 2319. Although gold was able to quickly recover part of the decline after falling, it was obviously much weaker than before during the recovery process, and it did not touch the previous high area of 2360-2365 again.
Therefore, according to the current market rhythm, gold has fallen below the rising trend line, which has destroyed the overall rising pattern to a certain extent, and gold will gradually weaken from strength to strength. Therefore, in the following main trading rhythm, I will be more inclined to short gold on rallies; of course, when encountering a strong support structure, I can also flexibly go long gold to strive for rebound profits! At present, the upper side mainly focuses on the 2350-2355 resistance area, and the lower side mainly focuses on the 2316-2314 support area.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Therefore, according to the current market rhythm, gold has fallen below the rising trend line, which has destroyed the overall rising pattern to a certain extent, and gold will gradually weaken from strength to strength. Therefore, in the following main trading rhythm, I will be more inclined to short gold on rallies; of course, when encountering a strong support structure, I can also flexibly go long gold to strive for rebound profits! At present, the upper side mainly focuses on the 2350-2355 resistance area, and the lower side mainly focuses on the 2316-2314 support area.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
