The latest data from the U.S. Department of Labor showed that the month-on-month growth rate of CPI in April was only 0.2%, lower than the market forecast of 0.3%. This lower-than-expected inflation report has injected confidence into gold bulls, and the market's expectations for the Fed to start a rate cut cycle in September have significantly increased. I would like to remind you that although the current inflationary pressure is controllable, the lag effect of tariff policy adjustments in the coming months may push up imported inflation. This expectation is prompting everyone to include gold in their asset portfolios to cope with potential risks.
Intraday trading needs to focus on two core ranges: the upper resistance is concentrated in the 3290-3300 USD/ounce area (previous high and psychological integer level), and the lower support is in the 3200-3210 USD/ounce area (recent correction low concentration zone). In terms of operation strategy, it is recommended to focus on high-altitude thinking. If you participate in low-level long orders, you need to strictly set risk control measures. The economic data of this trading day is relatively limited, but we need to pay close attention to the relevant statements of Secretary of State Rubio at the NATO Foreign Ministers' Meeting and the impact of the speeches of Federal Reserve officials on monetary policy expectations.
Operation strategy:
1. It is recommended to short gold when it rebounds to 3250-3255, with a stop loss at 3263 and a target of 3235-3210
Intraday trading needs to focus on two core ranges: the upper resistance is concentrated in the 3290-3300 USD/ounce area (previous high and psychological integer level), and the lower support is in the 3200-3210 USD/ounce area (recent correction low concentration zone). In terms of operation strategy, it is recommended to focus on high-altitude thinking. If you participate in low-level long orders, you need to strictly set risk control measures. The economic data of this trading day is relatively limited, but we need to pay close attention to the relevant statements of Secretary of State Rubio at the NATO Foreign Ministers' Meeting and the impact of the speeches of Federal Reserve officials on monetary policy expectations.
Operation strategy:
1. It is recommended to short gold when it rebounds to 3250-3255, with a stop loss at 3263 and a target of 3235-3210
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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.
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.