Tonight's CPI data will be key in determining gold's direction
Based on intraday price action, gold rose to 4424 before pulling back, but it is still trading above 4393, and the overall bullish structure has not been broken for now.
Tonight's plan remains to buy on dips, with a focus on support in the 4385—4405 area
If there is a sharp drop after the CPI release, as long as the support below is not effectively broken, bullish opportunities can still be considered.
On the upside, first look at 4425—4450. If the data is clearly bullish for gold and breaks above 4425, then look further to 4460—4480. Overall, tonight's strategy is to buy low, widen the range, and focus on the second confirmation after CPI
#美国7月CPI与PPI数据本周出炉
Based on intraday price action, gold rose to 4424 before pulling back, but it is still trading above 4393, and the overall bullish structure has not been broken for now.
Tonight's plan remains to buy on dips, with a focus on support in the 4385—4405 area
If there is a sharp drop after the CPI release, as long as the support below is not effectively broken, bullish opportunities can still be considered.
On the upside, first look at 4425—4450. If the data is clearly bullish for gold and breaks above 4425, then look further to 4460—4480. Overall, tonight's strategy is to buy low, widen the range, and focus on the second confirmation after CPI
#美国7月CPI与PPI数据本周出炉