Gold rushed to the 2048-2050 resistance area under the influence of CPI data, but gold did not break through this resistance, and then dived from the resistance area again, falling to the 2021 line at the lowest. Currently trading near the 2032 position. As I said in my last article, after the data is flat, gold will still return to the 2025-2040 range.
Next, it is obvious to focus on the short-term resistance area above 2038-2040. When gold does not break through this position, you can still consider shorting gold. Therefore, the next trading idea of gold is mainly to rebound and short.
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Gold can be considered short near the 2032-2035 position
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According to the current structural trend of gold, it is still mainly to rebound and short. You can pay attention to the resistance position of the upper 2026-2035 area. When gold rebounds and touches this area again, you can properly consider shorting gold
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