This week, it is essential to prioritize a bearish stance on the gold market, aligning with the prevailing downtrend. As analyzed yesterday, the broader environment remains unfavorable for gold. Trump’s recent election victory continues to strengthen the U.S. dollar, and given his focus on boosting the American economy, gold is likely to face sustained downward pressure.
Additionally, key economic data scheduled for release this week—including Wednesday’s October Consumer Price Index (CPI), Thursday’s Producer Price Index (PPI) and weekly jobless claims, and Friday’s retail sales data—are expected to weigh further on gold prices.
Therefore, the most prudent trading strategy this week is to focus on short positions in the gold market. For those following this analysis, this provides a clear trading direction. For a detailed, actionable trading strategy, please reach out. I will share the complete weekly strategy with all VIP members.
Additionally, key economic data scheduled for release this week—including Wednesday’s October Consumer Price Index (CPI), Thursday’s Producer Price Index (PPI) and weekly jobless claims, and Friday’s retail sales data—are expected to weigh further on gold prices.
Therefore, the most prudent trading strategy this week is to focus on short positions in the gold market. For those following this analysis, this provides a clear trading direction. For a detailed, actionable trading strategy, please reach out. I will share the complete weekly strategy with all VIP members.
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Brothers shorting gold have made a profit!
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