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      XAUUSD：Inflation Data Is Coming, and the Long-Short Turning Points Are Competing.

      Commodity
      Summary:

      At present, the price of gold has partially absorbed the expectation that U.S. inflation may slow down, and further upwards need to exceed expectations.

      Sell XAUUSD
      End Time
      CLOSED

      1910.00

      ENTRY PRICE

      1850.00

      TGT PRICE

      1940.00

      SL PRICE

      1966.06 +9.82 +0.50%

      3000

      Points

      Loss

      1850.00

      TGT PRICE

      1940.15

      CLOSING

      1910.00

      ENTRY PRICE

      1940.00

      SL PRICE

      Fundamentals

      The market expects U.S. CPI data to show a slowdown in inflation, and the U.S. dollar runs weakly at a low level in the past seven months, supporting gold prices. As the performance of the first two CPI data in the United States was weaker than expected, the price of gold rose by nearly $50 and more than $30 respectively on that day. If the U.S. CPI data in December fail to meet the expectations again in the evening, the price of gold may rise above the 1900 mark, which obtains more possibilities at present.
      Slightly different from the previous two CPI data released, the price of gold has partially absorbed the expectation that U.S. inflation may slow down, which has been priced in. In addition, the signals sent by Federal Reserve officials were basically in line with market expectations at that time. However, at present, it is generally expected that the Federal Reserve may cut interest rates this year, with Fed officials generally preferring to cut interest rates until 2023.
      Investors need to beware of the "boots landing" market where gold prices rise first and then fall or rush up and fall. Besides, this trading day coincides with a number of Federal Reserve ticket committees making speeches. If Fed officials continue to make hawkish speeches, they may also limit the room for gold prices to rise or even cause market reversal.
      What's more, investors need to pay attention to the possibility that the U.S. CPI data in December will meet expectations or exceed market expectations. In both cases, the gold price will face a certain downside risk in the short term. In addition, the change in the number of Initial Jobless Claims in the United States will be released in the evening, which also needs attention.

      Technical Analysis

      Judging from the daily chart, the MACD has formed a golden cross, and the moving averages express a multiple arrangement, with the short line biased towards the long. Meanwhile, the gold price is expected to test the resistance near the 1900 integer mark. In the short term, there is still some resistance near Wednesday's high of 1886.65 and May 6, 1892.40. The strong resistance is near the 1920 mark, which is also the location of the high resistance on April 29.
      In view of the fact that MACD extends the negative divergence signal and is currently running to the overbought zone, the Doji Candlestick was recorded on Wednesday It is still necessary to beware of the risk of gold price peaking in the short term. The initial support below is around the MA5 of 1874.28, and the strong support is around the MA10 of 1853.64. If it retreats to this position, the short-term peak signal will be strengthened.XAUUSD：Inflation Data Is Coming, and the Long-Short Turning Points Are Competing._1

      Trading Recommendations

      Trading Direction： Short
      Entry Price：1910.000
      Target Price：1850.000
      Stop Loss：1940.000
      Support：1853.320/1827.500
      Resistance：1886.000/1920.000
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

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      Damon

      Analyst

      I worked as an analyst at a well-known forex brokerage firm and have been engaged in the financial industry for 10 years, involving forex, futures and stocks. I'm especially good at analyzing and interpreting the market using fundamental data.

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      Focus on

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