Today, Friday, focus on the annual rate of the US core PCE price index in December.
Gold's fluctuations were not large yesterday. Although yesterday's data was not conducive to gold, the lowest level only reached 2009, and finally rose to above 2020.
Today's core PCE data is very important to the trend of gold. From the perspective of expectations, core PCE 3.0% is indeed possible. After all, U.S. inflation has continued to decline since last year, but it should be noted that the phased rebound in U.S. housing prices has continued. This all brings suspense to the evening announcement.
It can be seen that gold is still in a downward trend, so we still focus on selling, but we must wait until the important resistance range before selling.
Strategy 1:
Xauusd:sell2026-2030
TP:2020-2017-2010
Strategy 2:
Xauusd:sell2032-2036
TP:2026-2020
SL:2039
With the above two strategies, you can choose the appropriate trading strategy based on your own funds.
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Trade active:
Profit on short term orders
Comment:
Before the US market data is released, try not to hold orders
Trade closed: target reached:
TP:2020
Trade closed: target reached:
PCE at 2.9%, favoring gold and beating expectations
Comment:
I will continue to share next week
