CPI exceeded expectations, be wary of gold rushing back down!
After the release of the US CPI data, gold reached a high around 1958, and the upper moving average suppression point is here in 1955-56, as long as the daily close below 1955, then it is inevitable to continue to pull back. Therefore, above 1950, I definitely do not recommend that everyone continue to chase gold.
At present, if you choose to trade, it is recommended that you can enter the short position here at 1956-1959, and the target below is 1945-1940
Personal trading strategies:
gold:sell@1956-1959 tp1945-1940
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Gold began to fall
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