Gold prices opened up room for upside after breaking through the key pressure level of 2333 on Friday, but bulls encountered resistance and fell back at the key pressure level of 2352, and finally managed to hold on to the 2332 mark. As expectations of the Federal Reserve's interest rate cut were once again cooled, and geopolitical risks were reduced, gold experienced shocks. .
The Federal Reserve is expected to keep interest rates unchanged next week. Over time, an inflation reading of 0.2% month-on-month is necessary to bring inflation back to target.
From a technical point of view, gold is still in an upward channel. In the short term, gold will continue to fluctuate and rise. Continue to pay attention to the support position of 2325 and rely on this position to support long gold!
In terms of operation, we adopt the high altitude and low long approach:
2325-2330 long trade
2350-2360 short selling