GOLD-Pay attention to the impact of CPI

Today on Wednesday, the market will focus on the CPI data for March and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is good for the US dollar and negative for gold. The specific data performance will depend on the actual data release. Let us see Will it dampen the upward trend of gold?

Yesterday, gold broke through again and reached 2365. Since gold began to rise in 1984, it has unilaterally increased by 380 US dollars. I have already reminded you to enter the buying risk zone.

Judging from the current market situation, gold maintains its upward trend and is absolutely strong. We should pay attention to where the support point of the daily decline is? According to the current performance on Wednesday, the daily cycle unilateral moving average support points are at 2328 and 2290. Standard trading has to wait until it falls back to 2328 to go long, but this possibility is relatively small. Tuesday’s low of 2338 did not break, let alone the test of 2328. So, today you can try to buy near 2238

If you want to sell, focus on yesterday's high of 2365, 2370-2375, use small lots, set SL

Today’s focus is the release of CPI data in the US market. End orders before the data. Changes have been rapid recently. Don’t gamble on the data. Wait for the data to be released and follow the trend.

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Comment:

CPI is not good for gold, follow the trend and trade to make profits

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There are many opportunities today