Today, Friday, focus on the annual rate of the US core PCE price index in December.
Gold's fluctuations were not large yesterday. Although yesterday's data was not conducive to gold, the lowest level only reached 2009, and finally rose to above 2020.
Today's core PCE data is very important to the trend of gold. From the perspective of expectations, core PCE 3.0% is indeed possible. After all, U.S. inflation has continued to decline since last year, but it should be noted that the phased rebound in U.S. housing prices has continued. This all brings suspense to the evening announcement.
It can be seen that gold is still in a downward trend, so we still focus on selling, but we must wait until the important resistance range before selling.
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