CPI data is confusing,gold is fluctuating in a bearish direction

semalam

Gold Technical Analysis: Looking back at the recent trend, gold surged and then retreated on Tuesday, forming a shooting star pattern. However, the decline did not continue on Wednesday, indicating that the pullback was merely a one-off adjustment and lacks sustainability. It is a normal correction after a significant rally. Even if the market peaks, it will not be so simple. It will at least undergo a process of "high-level fluctuations turning bearish" or "second upward attack to lure more investors and then decline." In the short term, the rebound will continue to fluctuate, and it is unlikely to see significant rises or falls in a short period of time. Looking at the daily gold chart, the daily gold line has slowed down slightly. After continuous large volume, the daily line has turned into a small Yinxing candlestick pattern for consolidation. There is a need for a short-term pullback. Considering the short-term chart, the second high-point test failed to break through the previous high, the previous continuous large volume without a pullback, and the pressure from the second upward test. If there is no new high in the short term, there will be a partial correction around 3675-3657. The pattern will determine whether it is a deep pullback or a sideways consolidation.

Judging from the 4-hour gold chart, yesterday's gold price failed to achieve results in its attempt to rise again. There are signs of a downward correction. The 4-hour chart lost the middle track, breaking the unilateral upward momentum. At the same time, there is a need to further retrace to the lower track. Combined with the second high in the hourly chart near 3657, the second pressure turned into a decline. The strong market is to retrace and then break the high. Once the breaking power is stopped, it will go into a shock correction. Overall, today's short-term gold operation strategy recommends shorting on rebounds as the main strategy, and buying on pullbacks as the auxiliary strategy. The short-term focus on the upper side is the 3640-3650 resistance line, and the short-term focus on the lower side is the 3610-3600 support line.

20 jam lalu

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Today's market trends fully aligned with our forecasts, with a clear structure of fluctuations. We flexibly responded around key trading points, employing a two-way mindset to precisely position ourselves, achieving a double-edged sword for both long and short positions and steadily reaping profits. While the market may appear complex, patterns can be discerned. Advance planning and rigorous execution are crucial to avoiding chasing rising and falling prices and firmly seizing opportunities that are certain to emerge. Many traders have steadily profited by following our plan, validating the effectiveness of our strategy. If your current gold trading is suboptimal or frequently experiencing volatility, consider taking a moment to review our trading logic and learn how to identify key positions, manage your positions, and establish appropriate profit and loss targets. Trading isn't about luck, but about execution and patience. We welcome your continued support to help you plan and prioritize your trading strategies, avoid pitfalls, steadily increase your account equity, and capitalize on every market opportunity that presents itself to you.

19 jam lalu

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Today, our overall strategic thinking was perfectly executed, with market conditions closely aligned with our forecasts. Execution resulted in profits. Congratulations to everyone for strictly following your trading plan and achieving impressive returns. Those who persevere will stand out, while those who don't will be eliminated. The market is always full of opportunities, but those who are not determined will always be eliminated. With perseverance, and without complex operations, weekly returns of 100-400% or more are possible.

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