Gold Analysis for the Morning of September 11th

After the CPI data was released, gold prices surged as high as $30 before retreating. This indicates strong short-term selling pressure, and compared to the previous period of extreme bullish momentum, the short-term trend has clearly weakened. However, gold remains in a bullish trend. While it hasn't reached a new all-time high, the 5-day moving average remains strong. A drop below $3,610 would signal a short-term bearish trend.

Currently, the gold market has entered a high-range range, presenting opportunities for both long and short positions. For detailed real-time strategies, please follow my updates.

Gold Strategy
This morning, I recommend opening a short position in the 3,640-3,650 range, anticipating a price correction, with targets around 3,620 and 3,615.