The CPI data released this week was lower than market expectations, which is considered positive news. However, since it was the same as the previous reading, gold prices only rebounded briefly before entering another period of volatile consolidation.
From the 4-hour chart, gold prices have already broken through support levels. If they fail to break back above 3370 in the short term, they may continue to test the bottom.
Gold's rebound is weak in the short term, and it's trending downward. The K-line indicator is showing a bearish pattern, and the MACD indicator has formed a death cross.
Therefore, if you want to trade short, wait for a rebound around 3360. Set a stop-loss at 3370, with a target of 3340 and then 3330.
From the 4-hour chart, gold prices have already broken through support levels. If they fail to break back above 3370 in the short term, they may continue to test the bottom.
Gold's rebound is weak in the short term, and it's trending downward. The K-line indicator is showing a bearish pattern, and the MACD indicator has formed a death cross.
Therefore, if you want to trade short, wait for a rebound around 3360. Set a stop-loss at 3370, with a target of 3340 and then 3330.
Trade attivo
Gold hits 3360 and encounters resistance. If it fails to break through, it will fall.Nota
Sell 3355-3360TP1: 3340
TP2: 3330
TP3: 3320
Good luck everyone
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.