Analysis of gold market trend on August 14
The release of CPI will determine whether gold can reach a new historical high, whether it can hit 2500 points or even higher
In the early Asian session, gold fluctuated in a narrow range and is currently hovering around 2460 points. According to the 4-hour chart, it is currently going downhill, but the decisive factor will still be the US CPI July quarterly annual rate released at 20:30 Beijing time today
If the data is lower than expected, then gold, as the traditional safest safe-haven asset, will have the hope of hitting the historical high. On the contrary, it may fall below 2400 points
Before the release of this data, what do you think of gold?
Everyone is welcome to actively express your views
In the early Asian session, gold fluctuated in a narrow range and is currently hovering around 2460 points. According to the 4-hour chart, it is currently going downhill, but the decisive factor will still be the US CPI July quarterly annual rate released at 20:30 Beijing time today
If the data is lower than expected, then gold, as the traditional safest safe-haven asset, will have the hope of hitting the historical high. On the contrary, it may fall below 2400 points
Before the release of this data, what do you think of gold?
Everyone is welcome to actively express your views
Catatan
Traders, if you like this idea or you have your own opinion on it, please write it in the comments. I will be happy to do so. Please support me by liking and commenting to motivate me to share more analysis with you and share with me your opinion on the possible trend of this chart. As always, we will update you regularly during the week and tell you how we manage active ideas and setups.Catatan
Immediately hit the first resistance levelCatatan
Waiting for a pullback
Senior gold analyst who has been engaged in gold, US dollar, and oil trading for 12 years. Join me and I will lead my team to help you become a professional trader and expand your assets.
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