The Consumer Price Index (CPI) released on Wednesday and the Producer Price Index (PPI) on Thursday will serve as key pivot points for market repricing.
For short-term gold trading today, the recommended approach is to prioritize going long on pullbacks and consider going short on rallies. Key resistance levels to watch in the short term are 4440–4450, while key support levels are in the 4350–4360 range.
Gold trading strategy reference:
Short-selling strategy:
Strategy 1: Initiate short positions (betting on a decline) in batches—allocating 20% of the position—near the 4440–4450 level. Set the stop-loss at 4470 and the target at 4400–4380; if the level breaks, look toward 4360.
Long-buying strategy:
Strategy 2: Initiate long positions (betting on a rise) in batches—allocating 20% of the position—near the 4370–4380 level. Set the stop-loss at 4350 and the target at 4410–4430; if the level breaks, look toward 4450.
For short-term gold trading today, the recommended approach is to prioritize going long on pullbacks and consider going short on rallies. Key resistance levels to watch in the short term are 4440–4450, while key support levels are in the 4350–4360 range.
Gold trading strategy reference:
Short-selling strategy:
Strategy 1: Initiate short positions (betting on a decline) in batches—allocating 20% of the position—near the 4440–4450 level. Set the stop-loss at 4470 and the target at 4400–4380; if the level breaks, look toward 4360.
Long-buying strategy:
Strategy 2: Initiate long positions (betting on a rise) in batches—allocating 20% of the position—near the 4370–4380 level. Set the stop-loss at 4350 and the target at 4410–4430; if the level breaks, look toward 4450.
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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.