On February 16th,
After having a doji candle on the 14th, yesterday, the 15th, saw a green candle with relatively strong momentum, pushing the price up by 17 points. The vote today suggests a further increase.
In terms of news: Today, there are some significant announcements.
News: PPI core at 8:30 AM (higher than forecast, positive for money). The most recent occurrence was on January 12th, where the price increased by 8 points after the news. Subsequently, it continued to rise to a new peak, totaling 13 points. Personal assessment: if the actual figure is equal to or greater than the forecast => gold prices may decrease.
News: PPI at 8:30 AM (higher than forecast, positive for money). The most recent occurrence was on January 12th, where the price increased by 8 points after the news. Subsequently, it continued to rise to a new peak, totaling 13 points. Personal assessment: if the actual figure is less than the forecast => prices may decrease.
Prelim UoM Consumer News at 10 AM (higher than forecast, positive for money). The most recent occurrence was on January 19th when prices increased. Afterward, the price rose by an additional 3 points, followed by a decrease of 9 points. Personal observation: if the actual figure is equal to or greater than the forecast => prices may decrease. However, caution is advised due to pre-scanning of the stop loss.
Highlighted buy/sell areas:
Buy 01: 1999
Buy 02: 1996
Sell 01: 2014-2016
Sell 02: 2020 -2022
Scalp orders:
Buy at 1999, take profit at 30-60 pips, Take Profit 2 at 150 pips.
If it surpasses 2008.5, wait for a retest, then buy at 2008 with a profit target of 2015
After having a doji candle on the 14th, yesterday, the 15th, saw a green candle with relatively strong momentum, pushing the price up by 17 points. The vote today suggests a further increase.
In terms of news: Today, there are some significant announcements.
News: PPI core at 8:30 AM (higher than forecast, positive for money). The most recent occurrence was on January 12th, where the price increased by 8 points after the news. Subsequently, it continued to rise to a new peak, totaling 13 points. Personal assessment: if the actual figure is equal to or greater than the forecast => gold prices may decrease.
News: PPI at 8:30 AM (higher than forecast, positive for money). The most recent occurrence was on January 12th, where the price increased by 8 points after the news. Subsequently, it continued to rise to a new peak, totaling 13 points. Personal assessment: if the actual figure is less than the forecast => prices may decrease.
Prelim UoM Consumer News at 10 AM (higher than forecast, positive for money). The most recent occurrence was on January 19th when prices increased. Afterward, the price rose by an additional 3 points, followed by a decrease of 9 points. Personal observation: if the actual figure is equal to or greater than the forecast => prices may decrease. However, caution is advised due to pre-scanning of the stop loss.
Highlighted buy/sell areas:
Buy 01: 1999
Buy 02: 1996
Sell 01: 2014-2016
Sell 02: 2020 -2022
Scalp orders:
Buy at 1999, take profit at 30-60 pips, Take Profit 2 at 150 pips.
If it surpasses 2008.5, wait for a retest, then buy at 2008 with a profit target of 2015