Midday outlook: provided the idea to go long at 4390. During the live session, we followed up in real time—4402 was exited successfully, securing a steady 12-point short-term profit.
After the gold price pulled back from 4415 to 4387, it was merely a technical consolidation following the rapid rally. The daily bullish structure remains intact, and support from expectations of a positive Non-Farm Payroll report is still there. At the moment, it’s only a 5-minute short-term correction. #黄金
Before tonight’s CPI data is released, the main players will most likely continue to range and shake out positions to clear out overhang. If the data comes in bullish, gold may rise again; for now, the pullback actually offers a chance to enter at a lower level. If it revisits the 4360–4375 zone, you can watch for long opportunities. First look for 4400–4420 on the upside; if it breaks through, then watch for around 4450.
After the gold price pulled back from 4415 to 4387, it was merely a technical consolidation following the rapid rally. The daily bullish structure remains intact, and support from expectations of a positive Non-Farm Payroll report is still there. At the moment, it’s only a 5-minute short-term correction. #黄金
Before tonight’s CPI data is released, the main players will most likely continue to range and shake out positions to clear out overhang. If the data comes in bullish, gold may rise again; for now, the pullback actually offers a chance to enter at a lower level. If it revisits the 4360–4375 zone, you can watch for long opportunities. First look for 4400–4420 on the upside; if it breaks through, then watch for around 4450.