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Gold Trading (May 14th)

Veteran123

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If you have any questions, please feel free to post reply and I will provide a professional advice as soon as possible~
 
Gold just retracement for short and will continue fly coming days.... im keep long for gold...

The bullish pattern in the technical aspect remains unchanged. The short-term retracement should be interpreted solely as a technical correction.
The market is influenced by Fed... interest rate cuts provide support for gold prices. The perspective remains primarily bullish.
 
PPI surged by 0.5% MOM in April, surpassing expectations, with a YOY increase of 2.2%, compared to the previous figure of 2.1%. Following the release of the PPI data, the U.S. dollar index fell below 105, while gold prices surged to 2358.02, resulting in a flawless victory in the trading strategy for spot gold:)✌️

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