After the CPI data was released, gold prices surged as high as $30 before retreating. This indicates strong short-term selling pressure, and compared to the previous period of extreme bullish momentum, the short-term trend has clearly weakened. However, gold remains in a bullish trend. While it hasn't reached a new all-time high, the 5-day moving average remains strong. A drop below $3,610 would signal a short-term bearish trend.
Currently, the gold market has entered a high-range range, presenting opportunities for both long and short positions. For detailed real-time strategies, please follow my updates.
Gold Strategy
This morning, I recommend opening a short position in the 3,640-3,650 range, anticipating a price correction, with targets around 3,620 and 3,615.
Currently, the gold market has entered a high-range range, presenting opportunities for both long and short positions. For detailed real-time strategies, please follow my updates.
Gold Strategy
This morning, I recommend opening a short position in the 3,640-3,650 range, anticipating a price correction, with targets around 3,620 and 3,615.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.