3.13CPI is bullish, gold cautiously rises and falls in short ter

12 Mar

The CPI data released in the evening was lower than expected, which is bullish for gold in the short term and continues to fluctuate during the day.

In the short-term 1-hour chart, according to 4, the price has risen above the directionless 20-period SMA and 100-period SMA, while the 200-period SMA is rising below the above short-term moving averages. At the same time, technical indicators have lost directional strength and turned slightly lower within the neutral level, predicting that gold prices may fall soon.

Short-term trading: short near 2935, stop loss 2945, take profit 2920/2915

12 Mar

İşlem aktif

Traders, if you like this idea or you have your own opinion on it, please write it in the comments. I will be very happy

12 Mar

İşlem kapandı: hedefe ulaştı

Intraday data:

Initial jobless claims in the U.S. for the week ending March 8 (10,000 people)

U.S. PPI annual rate in February

U.S. PPI monthly rate in February