Short-term-king

Gold prices are unable to rebound, can they continue to rise?

Long
Short-term-king Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
According to the current trend pattern of gold prices, gold failed to continue its downward trend after falling, rebounded upward after the lower shadow line appeared, and returned to the top of 2000, basically smoothing out the short-term decline, so the short-term buying support is strong.In addition, the Fed's recent dovish bias has also provided some support for gold prices, so it is difficult for gold prices to show a continuation of the decline in the short term.

The current short-term structural kinetic energy has slowed down, fluctuating narrowly near the first line of 2010, and the current rebound power is weak. According to the current technical indicators, there is still a certain amount of room for short-term energy to be released, and in the process of weak rebound, it will also consume short-term energy to a certain extent.

In addition, there are differences in market expectations for interest rate increases, and we still need to wait for intraday US inflation data to find clues to future interest rate increases, and we also need CPI data to bring a new round of market guidance.

Short-term structure: the bottom pays attention to the first-line support of 2007-2006; the top pays attention to the first-line pressure of 2020-2022.

Short-term trading reference:

Pull back to 2008-2007 to buy gold, stop loss 2002, target 2020

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Trade active:
Trading orders to buy gold in 2008-2007 are currently significantly profitable
Comment:
The published value of the U.S. CPI data is 5%, which is less than the previous value and the forecast value, which is good for gold. At present, I bought gold around 2008 and have already left the market at a profit around 2026. Now we have all made a lot of profits. you can wait for the opportunity to take a profit and leave the market on your own.
Trade active:
When the gold market fell back to near 2006-2005, buy gold again
Trade active:
TP:2013-2016
Comment:
At present, gold has reached our take-profit position for 2013-2016, and we once again successfully left the market with a profit in gold trading today
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