Gold and silver rose on Monday as the People's Bank of China resumed gold purchases after a six-month hiatus, and expectations for the Federal Reserve to cut interest rates next week strengthened. Additionally, the collapse of the Assad dynasty in Syria further shook stability in the Middle East.

As of now, gold has risen to $2660. Silver's intraday increase widened to 3.5% on Monday, breaking through $32.

In the weekend article, I reminded everyone to be careful when gold and silver stretch directly at the beginning of this week.

If it doesn't meet my expectations, then the next time point will definitely be the release of inflation data CPI this Wednesday.

Before the release of CPI, gold and silver will definitely maintain an upward trend. The only trigger is whether gold and silver will fall back again with the help of inflation data after the release of CPI data? This is an issue that needs to be considered in advance at present.

From the current 4-hour chart of gold:

It can be observed that the current trend of the 4-hour chart is very similar to the previous one.

After a long period of rectification, the previous wave broke through and reached 2680-90. At present, it is also moving upwards. Currently, 2680-90 is approaching.

The only thing we need to pay attention to is the following trend, which first hit the 2680-90s generation and then fell sharply again

So, at present, when the trend of gold reaches 2680-90s, we must be careful. If we replicate the previous market trend, we must be careful about the possibility of CPI falling.

Secondly, as the daily chart shows that gold has already stabilized above the moving average support of 2660, it is undoubtedly a bullish trend at present.

I can't guarantee after the CPI, but it's definitely okay to go long until the data comes out.

On Tuesday and Wednesday, try to maintain support around 2660 and buy more. In the future, there will definitely be direction when the CPI comes out.

Disclaimer: The above content is only a personal sharing of ideas and viewpoints. The market trends and price points do not necessarily have to be based on my subjective deduction. I may be wrong, but the cost of my mistake is only a one-time stop loss cost for me, not the cost of investing all my funds; Given that everyone has different risk tolerance and execution abilities, the above text cannot and is not intended to be used as anyone's operational guidance. Please maintain independent thinking, and traders are responsible for their own profits and losses.