Cocoa Gold Market Forecast for Next Week (Inflation Data Week)
There is no non-farm payrolls data next week, so the focus is on CPI and PPI inflation data. Higher inflation will weigh on gold prices, while easing inflation will support a rebound. The data directly affects expectations for Federal Reserve policy.
Current price is 4431. The daily Bollinger Bands are opening downward; the 1-hour and 30-minute Bollinger Bands are also trending down in sync, and gold is trading in the middle-to-lower range of the bands. KDJ and RSI are neutral to slightly low, with bearish pressure largely released. In the short term, only a small repair rebound is likely, while the larger trend remains relatively weak.
Volatility will increase during the inflation week, so pay attention to officials' speeches and be cautious of a rebound that traps bulls before another pullback. Resistance above is at 4469 and 4503; only a firm hold above 4503 can reverse the trend. Support below is at 4396, and a break below that opens the way to 4365.
Cocoa recommendation: Focus on selling into rebounds throughout the week. Any rebound is seen as a corrective move within the decline. As long as price does not firmly stand above 4505, maintain a bearish view. Consider short positions near 4460-4480 on rebound pressure, with targets at 4420 and 4400; if broken, look for 4365. Do not blindly buy the dip; wait for resistance signals before participating.
Disclaimer: The above is only a personal opinion and does not constitute investment advice.#黄金
There is no non-farm payrolls data next week, so the focus is on CPI and PPI inflation data. Higher inflation will weigh on gold prices, while easing inflation will support a rebound. The data directly affects expectations for Federal Reserve policy.
Current price is 4431. The daily Bollinger Bands are opening downward; the 1-hour and 30-minute Bollinger Bands are also trending down in sync, and gold is trading in the middle-to-lower range of the bands. KDJ and RSI are neutral to slightly low, with bearish pressure largely released. In the short term, only a small repair rebound is likely, while the larger trend remains relatively weak.
Volatility will increase during the inflation week, so pay attention to officials' speeches and be cautious of a rebound that traps bulls before another pullback. Resistance above is at 4469 and 4503; only a firm hold above 4503 can reverse the trend. Support below is at 4396, and a break below that opens the way to 4365.
Cocoa recommendation: Focus on selling into rebounds throughout the week. Any rebound is seen as a corrective move within the decline. As long as price does not firmly stand above 4505, maintain a bearish view. Consider short positions near 4460-4480 on rebound pressure, with targets at 4420 and 4400; if broken, look for 4365. Do not blindly buy the dip; wait for resistance signals before participating.
Disclaimer: The above is only a personal opinion and does not constitute investment advice.#黄金