After the Federal Reserve's expected rate cut of 25 basis points, and after the non-farm data for November was released, today the U.S. market once again welcomes the CPI data for November. The inflation data can be said to have an influence comparable to that of the non-farm data, and it will directly impact future monetary policy. Therefore, the market's attention will be relatively high, and before the data is released, it is likely to maintain a cautious attitude. Overall trading during the day may also be relatively cautious. In the previous trading day, gold's first rebound in the early session fluctuated near 4326 before retreating to stabilize around 4311, then pulled back to around 4342 before facing pressure and quickly dropping to around 4306 where it stabilized and rebounded again. In the evening, the first rebound near 4343 quickly retested around 4322 and then rose to a high of 4348 before quickly retreating to around 4320. The short we shared at the 4348 level was also perfectly timed at the highest point. Although the daily chart shows six consecutive gains indicating some strength, the volatility is stronger, so we continue to maintain a repetitive mindset in our operations, and there are opportunities for both long and short positions to seize!

Intraday trading strategy:

  Short at 4348, stop loss at 4358, target 4320-4300

  Long at 4265, stop loss at 4255, target 4290-4320

  I am A Yao, and I hope everyone can gain insights from my article! A small boat drifts in the sea; if you do not raise the sail, then you will drift forever in the ocean. Only the current price can truly provide protection.