11.13 Gold Trend Looks at CPI Data

13 Kas

Yesterday, the gold market opened at 2619.5 in the morning, then rose slightly to 2627.6, then fell strongly. The daily line reached a low of 2588.8, then rose, and then fluctuated in the range. The daily line finally closed at 2598, and then the market closed with a middle-yin line with an upper shadow slightly longer than the lower shadow. The 1-hour short-term continued to move down from the high point and lose the low point. After the rebound last night, it fell back and stopped near 2696. The focus of the short-term short position is not 2590, but the breakthrough of the two key points of 2617/2627.
Intraday data reference:

US October unadjusted CPI annual rate
US October seasonally adjusted CPI monthly rate

BUY:2585 2580 Defense:2575 2770
Target:2605 2615 2620 2630