XAUUSD:Trading advice for the day

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Last week there was a lot of news, focusing on the CPI and the Fed interest rate decision, Tuesday's CPI out of the bullish situation out of the plunge space, gold above 1970 seems to form a strong suppression failed to break, Wednesday announced the Fed interest rate decision, gold plunged again, broke the 1932 support point, to the 1925 low, but the bulls did not give up, once again out of the reversal of the big rise space, Friday once rose to the 1968 high, obviously gold into the shock cycle again. So, overall, although gold has room to soar and fall last week, it has not changed the direction of the trend.

Gold is still trending this week. There is no important data in the market this week, focusing on technical performance, after the shock at the end of last week, gold closed around 1955, the daily line closed high again Doji, judging by the daily cycle, Thursday a big sun closed above the lower Bollinger band, Bollinger closed again, although Friday the daily line closed negative, but did not affect the performance of temporary range shock, the maximum range of the daily cycle in 1980-1932.

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