Gold continues to fluctuate, waiting for CPI to guide!
Gold has been fluctuating within a large range recently. Of course, there is no need to chase after high levels now. High levels can still continue to hit high levels, after all, gold is still in a volatile market. Tonight, CPI will make a heavy appearance, and it depends on whether CPI can break through this range of volatility tonight. Of course, if the CPI effectively breaks through, then gold should follow suit and operate accordingly. After all, gold has been fluctuating for a long time recently, so after choosing the direction again, the trend of gold will become stronger.
Gold continues to fluctuate for an hour, with high prices continuing to hit high levels. Yesterday, gold was under pressure multiple times around 2922 and began to fall. In the morning, gold was still under pressure around 2922 and continued to hit high levels. Gold near 2920 can remain empty for now, but it is important to pay attention today. If gold continues to resist the decline, it may be accumulating momentum and may use data to rise. Therefore, if gold still does not fall rapidly in the European market, it should leave first and wait for data guidance.
The way of trading is to abandon personal preferences. This preconceived subjective consciousness will eventually be taught by the market, and the market will always be right.
Morning trading strategy:
Sell gold 2920 short, stop loss 2930. Target 2900-2890;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
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