On the 1-hour chart, the price has been consolidating between 4330 and 4350, with the Bollinger Bands narrowing to an extremely narrow level – a classic "calm before a breakout." The next breakout direction will depend entirely on the data; technical analysis has completely given way to fundamentals.
Gold prices rallied before retreating, weakly breaking through the 4300 psychological level. Current resistance levels are at 4320, 4345, and 4355, while support levels are at 4280, 4260, and 4250. Before the CPI data is released, selling on rallies remains the core strategy.
Trading strategy: Place short orders around 4345-4355, with a stop-loss at 4370, targeting 4320-4305.
Gold prices rallied before retreating, weakly breaking through the 4300 psychological level. Current resistance levels are at 4320, 4345, and 4355, while support levels are at 4280, 4260, and 4250. Before the CPI data is released, selling on rallies remains the core strategy.
Trading strategy: Place short orders around 4345-4355, with a stop-loss at 4370, targeting 4320-4305.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.