Mu Yao: Volatility and buildup remain relatively weak; tonight’s CPI data will dominate and drive gold prices lower



Gold is overall trading weakly within the day. Rebound strength is severely insufficient, and the price has remained under pressure below a key resistance level. The price has repeatedly tested a pullback to the Bollinger middle band; the chart’s focus has continued to shift downward, and sell-side pressure from bears has been intensifying.

The chart is currently in a sell-off buildup phase. Tonight’s CPI data is especially critical—if the data comes in strong, it will bolster the US dollar and further weigh on gold prices to the downside.

For tonight’s trading, follow the trend as the main approach. From the 4030-4050 range, place short orders (range positioning) in batches, then look lower to 4010 and 3985. If the level breaks, continue to target the 3950 low.

Reminder:
The above analysis is Mu Yao’s personal analysis. The market changes rapidly, and the content is for reference only and does not constitute any investment advice!
$XAUT
XAUT1.53%
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GateUser-818d3026
· 1h ago
Mu Yao has a clear analysis, but the market moves fast and unpredictable—I’m planning to test the waters with a small position.
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Can'tSleepWithoutSigningThe
· 2h ago
$XAUT is tied to the spot gold price trend, and once the data is released, the linked/related reaction is expected to come quickly.
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ProtocolPicnic
· 2h ago
The Bollinger mid-band is being pressed so hard, and the rebound is indeed weak—let’s wait until the data is released and then see.
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0xTeaTime
· 3h ago
If CPI tonight comes in above expectations, gold in this move may directly break through 4,000.
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ButterStop-LossLine
· 3h ago
The placement for this Kongsingle position at 4030-4050 is pretty specific. I’ll keep an eye on it first.
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