XAUUSD:CPI is coming, what should we do? two strategies
First, let’s take a look at the current situation of gold:
At present, the 30-minute moving average of gold has begun to turn, and the strength of the rise has gradually become insufficient. In the past two days, gold has begun to no longer be unilaterally strong, and has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and failed to break through new highs. Due to The rebound highs of gold are successively lower. If the rebound does not break new highs, you should be bearish on it. On the contrary, if it breaks new highs, you should adjust the direction in time and wait for opportunities to be bullish. Therefore, combined with the current market resistance and support, I give the following operational views for your reference!
The soon-to-be-released CPI data is important data, and gold will fluctuate greatly by then. The short-selling strategy is that if the data does not break through to a new high after the data is released, then short gold in the range of 2365-2360, the high point, or you can set a limit order in advance. .
If the CPI data exceeds expectations and directly breaks through the historical high, do not chase the rise and just look for the right buying opportunity.
The above are all my thoughts for today, I wish you all good luck!
At present, the 30-minute moving average of gold has begun to turn, and the strength of the rise has gradually become insufficient. In the past two days, gold has begun to no longer be unilaterally strong, and has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and failed to break through new highs. Due to The rebound highs of gold are successively lower. If the rebound does not break new highs, you should be bearish on it. On the contrary, if it breaks new highs, you should adjust the direction in time and wait for opportunities to be bullish. Therefore, combined with the current market resistance and support, I give the following operational views for your reference!
The soon-to-be-released CPI data is important data, and gold will fluctuate greatly by then. The short-selling strategy is that if the data does not break through to a new high after the data is released, then short gold in the range of 2365-2360, the high point, or you can set a limit order in advance. .
If the CPI data exceeds expectations and directly breaks through the historical high, do not chase the rise and just look for the right buying opportunity.
The above are all my thoughts for today, I wish you all good luck!
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It's a pity that although the gold market has been predicted to fall today, it has plummeted before reaching our entry point.
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Gold has peaked in the short term, and you can continue to sell after rebounding
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