Wealth_Barometer

XAUUSD: range oscillation, high Sell

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OANDA:XAUUSD   Emas / Dollar A.S.
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Last week, as data once again showed the strength of the U.S. economy, it achieved eight consecutive weekly gains, setting a record for the longest consecutive weekly rise in nine years.

U.S. CPI data for August will be released on Wednesday, and the market expects the annual CPI rate to rise from 3.2% to 3.6%. Considering the continued rise in oil prices in the past few weeks, the probability of U.S. CPI data continuing to rise is still relatively high. However, the expected value given by the market is still somewhat high. If the expected value is not reached, the dollar may be at risk of falling back.

Gold here originally wanted to see a five-wave rise last week, but in the end it backfired. Gold broke through the support here at 1925, reaching a minimum of around 1915, and the rising wave pattern no longer existed.

So this time gold starts to fall again from 1930, we can follow the trend and sell
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