Gold’s most detailed trading strategy
Today there are PCE price index and PMI data. From the current technical point of view, the rebound of gold price has not been completed. If the data performance is also negative for the U.S. index, then gold price is very likely to continue to impact above 2051. Once the level is broken, it will continue to impact 2060-65. A high probability event. The best choice during the day is to start buying from around 2040-42, and use yesterday's low of 2035 as a defense. If it breaks through 2051, you can increase your position and go long until you see the 2060-65 line. If you break through 2050, you can only consider shorting at 2064- 65 to participate. On the contrary, if the data support falls below 2035, it is a high probability event that the bottom will continue to test 2025-26. After breaking the position, the bottom will only consider taking a long order near 2023-25. If given a rebound opportunity, it can be at the 2040-42 line. Go short directly.
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