Gold price falls back to bullish trend
Updated
"PPI data was slightly lower than expected, keeping alive hopes of a possible rate cut before the end of the year - hence gold's gains. Central bank buying and geopolitical uncertainty remain the mainstays supporting the gold market."
The golden week reached a new high, first stepping back to the 2325 first-line correction and starting to stabilize. Later in the US market, it strongly recovered the lost ground and hit a new weekly high of 2400. And closed at a high level.
Taken together: today's short-term, follow up and go long; the top and bottom conversion support position is around 2390; other positions are not considered; as for short orders, they are not considered for the time being; go long here at 2375-2380, and continue to go long with the trend.
The golden week reached a new high, first stepping back to the 2325 first-line correction and starting to stabilize. Later in the US market, it strongly recovered the lost ground and hit a new weekly high of 2400. And closed at a high level.
Taken together: today's short-term, follow up and go long; the top and bottom conversion support position is around 2390; other positions are not considered; as for short orders, they are not considered for the time being; go long here at 2375-2380, and continue to go long with the trend.
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