XAUUSD: 10/4 Today’s Analysis and Strategy. Gold range shock

Gold technical analysis
Daily resistance is 2370, support below is 2337-2300
Four-hour resistance is 2365-70, support below is 2344-37

Gold operation advice: The technical side of gold rose first and then fell on Tuesday. The price in Asia and Europe stabilized at 2338 and ushered in a bullish shock and broke through the high. It further accelerated to break through the previous day's high of 2353 and continued to rise to around 2365 and fell back under pressure. The market was in shock. Yesterday, the U.S. market fell back for the second time and stabilized at the 2340-45 line, and rebounded again. The overall price accelerated and broke through the high level, forming a fallback and shock market pattern. In the short period, it still stabilized above the 2330 mark, forming a strong sideways market for bulls. Yesterday's trend also Confirming this, it once again broke through new highs and rose. Although the US market fell back yesterday, it did not fall below the starting point of yesterday's early trading. This is a typical strong market. The lows are still moving up and the highs are also moving up. So it is still possible to reach 2400 this week


Judging from the daily analysis, today's upper resistance continues to focus on the 2360-64 area, the starting point of yesterday's hourly decline in the U.S. market. You can sell in this area before CPI. The short-term support below will focus on around 2344-37. CPI data will be released today, so trade with caution! Pay attention to risk management and control



BUY:2344near
BUY:2337near
Technical analysis only provides trading direction!

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CPI is about to be released in 30 minutes. If you followed my signal in the morning, you are now profitable +60pips and can close the trade and wait for the news release.

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All data points in favor of DXY, gold takes heavy hit

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First transaction of the day

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Gold plummets again, we are short gold and the waterfall starts again

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CPI has exceeded expectations for three consecutive months, and all Fed interest rate cuts may be postponed until after June. Under such a premise, DXY has risen wildly, and gold has been suppressed. Gold will most likely continue to fall sharply in the next period of time. The upper pressure is near 2352. Gold has not gained a firm foothold here. We continue to be bearish on gold. For more analysis, please pay attention to tomorrow's daily sharing.

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Jiesse has started working

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I said yesterday that today we will continue to short on rallies and have now made a profit of 80 pips. Welcome to check my work. I will share today’s market analysis and strategies for free right away

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Fortunately our gold has been profitable for several days

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PPI is the highest in a year. The probability of the Federal Reserve cutting interest rates in July slightly increases, and gold rises slightly

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