$XAUT 8.13 Morning Gold Outlook
Last night's CPI movement fully matched expectations. Yesterday morning's strategy was mainly to go short, with only around 30 points of room, indicating that short-term bullish sentiment remains strong. For now, simply follow the trend.
The overall four-hour chart's uptrend remains intact. Prices continue to build higher lows along the Bollinger Band middle line, with limited pullbacks and a solid bullish base. Although MACD has edged lower, there has been no significant expansion in bearish volume.
Trading reference: Go long in the 4405–4420 range, with target