GOLD-uptrend
Updated
U.S. consumer prices rose less than expected in April, suggesting inflation resumed its downward trend at the start of the second quarter, boosting financial market expectations for a September interest rate cut. At the same time, under the influence of the market, the US dollar fell sharply, providing greater impetus to gold’s rise. Today, we will pay attention to the changes in the number of initial jobless claims in the United States and the performance of real estate market data. Pay attention to the monthly rate of U.S. industrial output in April and the speeches of Federal Reserve officials, and pay attention to news related to the geopolitical situation.
The current gold price is a very obvious strong rise. It has just risen sharply during the cycle and gradually broke through the upper high point. If there is no unexpected data and news on Thursday and Friday, the possibility of reversal is unlikely, so now it is rising. Trend, follow the trend, wait for the support point to buy and the probability of profit is higher.
You can see that 2378 is the turning point of strength and weakness. You can buy at 2378-2380 and set SL. If it falls below 2375, gold will change the pattern of strong rise and turn into a shock and slow rise.
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
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Note
Still an upward trendNote
I said it is still an upward trend, if you buy, you are still profitable nowNote
Have you followed my strategy? I reminded you yesterday that the trend is rising. As long as you buy, your chances of making a profit today are very high.
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