XAUUSD:Short, target 2305

The CPI data released today was beneficial to gold shorts. Gold fell sharply and then quickly rebounded to around 2350. The resistance in this range is still very obvious.

At the same time, the 4h chart shape is not friendly to bulls. In the 30m chart, it is temporarily beneficial to bulls. The focus is still on observing the resistance in the 2346-2354 range. I suggest short orders as the main trading direction.

For small targets, you can first see the 2327-2321 support range, and for large targets, the 2305-2292 range.

Trade active:

Go long first in the Asian market, watch the strong resistance above during the European market time, and go short if there is no breakthrough.

Trade active:

Gold is rising

Trade active:

It has come to around 2346

Trade active:

As we expected, it fluctuated in the range of 2346-2327

Trade active:

Gold hit resistance near 2346, indicators show there is still room for growth, focus on around 2352-2357

Trade active:

Breaking through 2346 resistance

Trade active:

Gold has reached around 2353. Friends who are satisfied with the profit can close the order. Those who want to continue to hold can hold it. The indicator shows that the bullish power has not been fully released. While holding, pay attention to the resistance. If it cannot break through, close it in time.