7/11 Yesterday, the CPI data was released during US market hours from 20:30 to 23:00. Gold prices rose from 2378 to 2424, an increase of 46 points, equivalent to 4600 points.
Following the non-farm payroll data last week, which led to an increase of 7400 points, the CPI data release once again fueled a continued upward trend, without even giving a chance for a pullback.
This week’s bullish trend seems strong, but it actually has the same volatility as last week's upward trend.
7/12 Market Planning and Analysis: According to this wave pattern, we can expect a third wave. Students can refer to the following market trends for trading or positioning:
Firstly, pay attention to whether the retracement consolidation hovers around the critical price level of 2400. If the market doesn't touch the upward trend line, it will directly rise.
Secondly, after a slow correction back to the upward trend line within the range of 2384-2390, it will rise again to 2440-2450.
[The above analysis is subjective and for reference only. Please do not follow blindly. Losses are at your own risk.]
7/4 Analysis Chart: Students were informed that this wave of gold is a wave pattern that will cover 10,000 points, rising from 2318 to 2440, approximately 130 points in price.
Congratulations to the students who held long positions at the beginning of the month. They currently have 8400 points in hand.
