https://www.tradingview.com/x/GNROk7uw/
The bullish CPI data sent gold soaring from around 3340, reaching a peak near 3354 before entering a period of consolidation. Currently, gold is still fluctuating around 3349, facing strong upward pressure. We continue to monitor the 3366-73 resistance zone, while the 3340 support zone is a viable short-term trading range. If your current trading strategy isn’t ideal, I hope I can help you avoid investment setbacks. We welcome your inquiries.
Based on a 4-hour chart, today’s short-term resistance is around 3365-73. Intraday pullbacks will continue to support this level, with a view to a continued decline. The short-term bearish zone is 3380-85. Any pullbacks until the daily chart breaks through and holds above this level are opportunities for short selling. Maintain your focus on trend-following trading. I’ll provide detailed trading strategies during the trading session, so stay tuned.
Gold Trading Strategy:
Sell gold when it rebounds near 3365-75, with a stop loss at 3384 and a target of 3340-3345. Hold if it breaks through.
