Analysis of gold with weekly profit of 150%-200%
Updated
The US Consumer Price Index (CPI) data for September showed that the overall inflation level was slightly higher than market expectations, with an annual increase of 2.4%. Although it was lower than 2.5% in August, it was still higher than the 2.3% estimated by economists. The release of this data triggered sharp market fluctuations, especially in the gold and foreign exchange markets. It is worth noting that the annual increase in inflation is the lowest in three and a half years, which may provide more basis for the Federal Reserve's monetary policy decision next month.
Gold rebounded today. After stabilizing in the 2605-2603 area, it diverged upward, and the highest point reached 2630 US dollars. From the daily level, the gold price did not continue strongly after the mid-yin. The current position is just the upper lower line support of the daily 2600 upward channel. Only if it effectively breaks below here can there be further downward attention to the 2590-70 area. If it holds, there will be a rebound correction to test the 2640-50 area. In four hours, there was no strong continuation after the mid-yin broke down. Instead, the oscillation back and forth consumed the downward momentum. It is difficult to make a decent adjustment without breaking 2600 in the short term. If it stands firmly at 2652 in the future, the short-term adjustment may be facing an end. Based on the above analysis, gold bottomed out and rebounded for adjustment. Today's operation considers the high-altitude low-multiple strategy. Pay attention to the resistance of 2650-2655 US dollars on the top and the support of 2610-2600 US dollars on the bottom.
Gold rebounded today. After stabilizing in the 2605-2603 area, it diverged upward, and the highest point reached 2630 US dollars. From the daily level, the gold price did not continue strongly after the mid-yin. The current position is just the upper lower line support of the daily 2600 upward channel. Only if it effectively breaks below here can there be further downward attention to the 2590-70 area. If it holds, there will be a rebound correction to test the 2640-50 area. In four hours, there was no strong continuation after the mid-yin broke down. Instead, the oscillation back and forth consumed the downward momentum. It is difficult to make a decent adjustment without breaking 2600 in the short term. If it stands firmly at 2652 in the future, the short-term adjustment may be facing an end. Based on the above analysis, gold bottomed out and rebounded for adjustment. Today's operation considers the high-altitude low-multiple strategy. Pay attention to the resistance of 2650-2655 US dollars on the top and the support of 2610-2600 US dollars on the bottom.
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