Gold prices held steady above $2,500 on Tuesday (September 10) as market participants braced ahead of U.S. inflation data for further clues on how far the Federal Reserve will cut interest rates next week.
"Gold is currently trading in an extremely tight range, waiting for the next catalyst, most likely subsequent inflation data," said commodity strategists at TD Securities.
Spot gold rose 0.02% to $2,517.93 an ounce.
Operation suggestion: The gold daily line to the minimum to 2500 integer mark after the market shock pull up, the daily line reached the highest position of 2518.4 after the market, the daily line finally closed in the 2516.6 position after the market with a long bottom line line, and after the end of this form, today's market is still technically facing the pressure of the box interval, The CPI in the evening may help to break the current interval structure, the point position.
Trading strategy: long near 2507, stop loss 2501, target 2518-2530.
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