The arrival of gold CPI, focus on the pressure above

13 Haz 2023

Gold will usher in the baptism of U.S. inflation data tonight. In the evening, focus on whether the price of gold is above or below 1967. Before it breaks through 1967, the bears are still dominant and may fall back again to test the bottom of the range. For gold operation, it is recommended to sell at 1963.50, stop loss at 1967.50, and target 1955~1950~1944. If it breaks through 1967, it will be bullish in the short term, and the upper edge of the target range is around 1981.

The gold daily line fluctuated lower, and the short-term is not conducive to bulls, so we need to look around the previous low.

The intraday pressure is 1963.5~1967.5, and the support is 1950~1944.

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