Beware of false decline and real rise of goldGOLD (US$/OZ)TVC:GOLDTheodoreSilas 💡Message Strategy On Tuesday, the dollar index continued to rise, eventually closing at a high of 98.68, after a mild inflation report sparked speculation that the Federal Reserve might keep interest rates unchanged for the time being. Spot gold gave up its intraday gains after the release of CPI data, once touching the $3,320 mark, falling for the second consecutive trading day. 📊Technical aspects In the hourly chart, gold has already touched the support trend line overnight. Therefore, at present, it may be inclined to rebound, and gold still maintains an upward trend as a whole. However, the upper 3340-45 is a short-term suppression position. If it cannot stand firm and break through 3340-45 today, it is not ruled out that it will continue to maintain 3320-40 for consolidation. On the contrary, as long as it can stand firm above 3345 today, then gold will really rise in the future. It is very likely that the high point of 3375 at the beginning of this week may be refreshed. Therefore, in terms of operation, I suggest paying more attention to 3320-30. After all, 3320 is the overnight low. As long as it is not broken again, the probability of gold rising is very high. However, if it falls below 3320 again today, it is not ruled out that it will continue to refresh the low. 💰Strategy Package Long Position:3320-3330，SL：3305，Target: 3365