4.10 Gold Brief Review



Tonight's CPI data serves as the core guidance for this week. If inflation is below expectations, it will boost expectations for interest rate cuts, significantly benefiting gold's upward movement; even if the data meets expectations, it does not change the bullish structure of the market, with gold prices remaining firmly supported and still operating mainly in a volatile upward trend.

Yesterday, gold prices bottomed out at 4699 and stabilized with a rebound, surged to 4800 during the US session but faced resistance and pulled back, with high-level oscillation and consolidation, while the strategy was precisely reached, with a 108-point gain.

From the current market situation, 4699 forms a strong support, 4700-4720 is a key defense zone for the bulls, the daily bullish pattern remains intact, and the short-term pullback is a technical correction, with 4800 as a clear resistance level.

Trading strategy: Range-bound oscillation, mainly low buy
Pull back to 4700-4720 and stabilize before gradually going long, with targets sequentially at 4760-4780-4800-4850-4900
#Gate上线Pre-IPOs
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin