Analysis of gold market trend on August 14

8月14日

The release of CPI will determine whether gold can reach a new historical high, whether it can hit 2500 points or even higher

In the early Asian session, gold fluctuated in a narrow range and is currently hovering around 2460 points. According to the 4-hour chart, it is currently going downhill, but the decisive factor will still be the US CPI July quarterly annual rate released at 20:30 Beijing time today

If the data is lower than expected, then gold, as the traditional safest safe-haven asset, will have the hope of hitting the historical high. On the contrary, it may fall below 2400 points

Before the release of this data, what do you think of gold?

Everyone is welcome to actively express your views

8月14日

註釋

Traders, if you like this idea or you have your own opinion on it, please write it in the comments. I will be happy to do so. Please support me by liking and commenting to motivate me to share more analysis with you and share with me your opinion on the possible trend of this chart. As always, we will update you regularly during the week and tell you how we manage active ideas and setups.

8月14日

註釋

Immediately hit the first resistance level

8月14日

註釋

Waiting for a pullback