At the time of the risk of key central bank events, the market will face the release of US consumer inflation data within the day, which will play a key role in influencing market expectations of the Fed's next policy actions.U.S. consumer price index (CPI) inflation is expected to be mixed at the front end of the curve. The core consumer price index is expected to jump from 0.2% to 0.3% in November, while year-on-year data is expected to rise slightly from 3.2% to 3.1%. A slight decline.It is expected that the price of gold may hit a low again.
Judging from the chart, gold is still in a downward trend. The top focuses on the resistance of 1992-1997, and the bottom looks at the low points of 1975 and 1950, but beware of the impact of CPI data on gold.
From a technical point of view, the daily line is currently in a downward trend, and the lowest point of support for the daily line Bollinger band is 1950. The decline of this wave of gold must at least see 1950 to observe whether it can rebound effectively.
So we still choose the resistance point to sell. You can observe 1992-1997, 2007-2009, choose the right position to sell, and plan your position reasonably, so that your success rate will be greatly increased.
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Can wait for CPI to trade
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