#美国7月CPI与PPI数据本周出炉 Cheng Jingsheng Shipan｜Spot Gold Analysis for the Evening of August 13
During the day, gold prices surged up to 4449 but met resistance and pulled back; the low dipped to around 4364. The day’s movement carved out an 85-dollar pullback range. The market has entered a phase of profit-taking and digestion at higher levels. The broader bullish trend is not broken in the short term, but short-term long-versus-short competition has clearly intensified.
In the evening, key data releases for the week—Initial Jobless Claims and PPI—will be announced. With inflation-leading indicators overlapping with employment data, it will further adjust expectations for Federal Reserve policy. Volatility in the US market session may be amplified. Resistance above lies at 4415 and 4445, forming a strong pressure zone. Pay close attention to whether the 4400 psychological level can break effectively. Only if price holds above and breaks through can gold attempt higher again toward key resistance. Short-term support lies at 4365, with 4335 serving as the core defense for this round of bulls versus bears. As long as this support is not broken effectively, the upward continuation structure will remain intact.
In the evening, continue to follow the range-trading approach: when price rebounds into the 4415–4445 resistance zone, look for bearish pressure signals to set up short positions, targeting 4380 and 4350. If price pulls back to 4340–4360 and support is confirmed to stabilize, consider opening long positions, targeting 4380, 4400, and 4420. With the data-driven environment increasing the amount of “washing out” moves at night, manage position sizing properly, strictly follow stop-loss rules, and wait for direction to be confirmed.
The above is only personal advice for reference and does not constitute investment guidance. Please refer to Cheng Jingsheng Shipan’s specific plan for details! $XAU
#XAUUSD
During the day, gold prices surged up to 4449 but met resistance and pulled back; the low dipped to around 4364. The day’s movement carved out an 85-dollar pullback range. The market has entered a phase of profit-taking and digestion at higher levels. The broader bullish trend is not broken in the short term, but short-term long-versus-short competition has clearly intensified.
In the evening, key data releases for the week—Initial Jobless Claims and PPI—will be announced. With inflation-leading indicators overlapping with employment data, it will further adjust expectations for Federal Reserve policy. Volatility in the US market session may be amplified. Resistance above lies at 4415 and 4445, forming a strong pressure zone. Pay close attention to whether the 4400 psychological level can break effectively. Only if price holds above and breaks through can gold attempt higher again toward key resistance. Short-term support lies at 4365, with 4335 serving as the core defense for this round of bulls versus bears. As long as this support is not broken effectively, the upward continuation structure will remain intact.
In the evening, continue to follow the range-trading approach: when price rebounds into the 4415–4445 resistance zone, look for bearish pressure signals to set up short positions, targeting 4380 and 4350. If price pulls back to 4340–4360 and support is confirmed to stabilize, consider opening long positions, targeting 4380, 4400, and 4420. With the data-driven environment increasing the amount of “washing out” moves at night, manage position sizing properly, strictly follow stop-loss rules, and wait for direction to be confirmed.
The above is only personal advice for reference and does not constitute investment guidance. Please refer to Cheng Jingsheng Shipan’s specific plan for details! $XAU
#XAUUSD