XAUUSD: range oscillation, high Sell
Updated
There is no need to look at others, but you must remember that this world is different because of you, and the world is wonderful because of you. When you come to this world, you do not need to copy other people’s wonderful things, nor do you need to copy other people’s content. You must live your own life, be happy and simple, and let yourself live a happy life.
Last week, as data once again showed the strength of the U.S. economy, it achieved eight consecutive weekly gains, setting a record for the longest consecutive weekly rise in nine years.
U.S. CPI data for August will be released on Wednesday, and the market expects the annual CPI rate to rise from 3.2% to 3.6%. Considering the continued rise in oil prices in the past few weeks, the probability of U.S. CPI data continuing to rise is still relatively high. However, the expected value given by the market is still somewhat high. If the expected value is not reached, the dollar may be at risk of falling back.
Gold here originally wanted to see a five-wave rise last week, but in the end it backfired. Gold broke through the support here at 1925, reaching a minimum of around 1915, and the rising wave pattern no longer existed.
So this time gold starts to fall again from 1930, we can follow the trend and sell
Last week, as data once again showed the strength of the U.S. economy, it achieved eight consecutive weekly gains, setting a record for the longest consecutive weekly rise in nine years.
U.S. CPI data for August will be released on Wednesday, and the market expects the annual CPI rate to rise from 3.2% to 3.6%. Considering the continued rise in oil prices in the past few weeks, the probability of U.S. CPI data continuing to rise is still relatively high. However, the expected value given by the market is still somewhat high. If the expected value is not reached, the dollar may be at risk of falling back.
Gold here originally wanted to see a five-wave rise last week, but in the end it backfired. Gold broke through the support here at 1925, reaching a minimum of around 1915, and the rising wave pattern no longer existed.
So this time gold starts to fall again from 1930, we can follow the trend and sell
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Trade active
Recently, we have been short-selling continuously, and the winning rate has continued to increase. If you are still losing money, or do not know how to analyze gold, and want to get more and more accurate signals, you can click below to contact me.
Trade active
Trade active
Trade active
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Send us a message to get VIP signals:
t.me/Reliable_Trading1
t.me/Reliable_Trading0
🏆Send us a message to get VIP signals:
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.