Yesterday, our strategy of buying at a low level to see a rebound was correct, and the profit margin was also satisfactory. Then I also reminded that we should pay attention to 3260. If the rebound fails to break through this time, it will fall again. Now gold has fallen again after touching here, and it has come to around 3240.
Later, important CPI data will be released. The next trend of gold will focus on two points, the upper resistance of 3260-3270, and the lower support of 3200.
If it breaks through the range of 3260-3270, there is a high probability that it will fill the gap of yesterday's jump. Otherwise, if it fails to break through, it will test the support of 3200 downward. In comparison, I think the latter is more likely.
Once it falls below 3200, the downward space will be further expanded.
Later, important CPI data will be released. The next trend of gold will focus on two points, the upper resistance of 3260-3270, and the lower support of 3200.
If it breaks through the range of 3260-3270, there is a high probability that it will fill the gap of yesterday's jump. Otherwise, if it fails to break through, it will test the support of 3200 downward. In comparison, I think the latter is more likely.
Once it falls below 3200, the downward space will be further expanded.
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If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.