The highlight of Wednesday is the evening CPI data. Data aside, gold's technical picture is a bullish trend.
It retreated and corrected on Monday, stabilized and rebounded on Tuesday. The daily cycle still relies on the support of the short-term moving average to move upward. 2277 is already the low point of the retreat.
It continues to rise slowly during the day. It is not ruled out that it can quickly pull back and then continue to rise with the help of evening data. Therefore, long orders in the 2335 band will take profits first and wait for the evening data before making arrangements.
Step back down and continue to wait for the opportunity to place long orders, and go directly higher to break through 2378. There are also opportunities to go long on the pullback. The direction is to remain bullish and head towards above 2400.
If you are interested in my analysis, please keep paying attention
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We need to be prepared for gold to skyrocket
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After a brief adjustment, gold has started a new upward trend.
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Please prepare before data
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CPI data will be released soon
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Gold is bullish and we perfectly captured the CPI data
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Today is a rewarding day, we achieved a winning streak
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Gold is in an upward channel, and the correction continues to increase
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We will not change our bullish direction
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The general direction remains unchanged
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I hope everyone can see my analysis signals
