Gold Prices Volatile: Focus on Two Key Data Points Gold prices GoldOANDA:XAUUSDEleni_GoldenGold Prices Volatile: Focus on Two Key Data Points Gold prices experienced a rollercoaster ride today: During the Asian trading session, boosted by positive CPI data, gold prices continued their upward trend, briefly rising to around $4450. Subsequently, gold prices suddenly plummeted, falling by more than $35 and breaking below the $4400 mark. The long upper shadow formed on the price chart indicates strong short-term resistance in the $4440-$4450 range. Main Reasons: Market expectations of a Japanese interest rate hike led to a significant strengthening of the yen in the afternoon. The US dollar passively strengthened, returning to the 100 level, directly putting pressure on gold prices. Although the CPI fell to 3.4%, it is still far below the Fed's 2% target, and the pressure for an interest rate hike remains. Two key data points to watch today: Upward Resistance: $4450 If the rebound weakens at this level, consider shorting. Downward Support: $4360 If the price stabilizes at this level, consider establishing a small long position. Trading Strategy: Short-term top signals are clear; prioritize shorting on rallies, using long positions as a secondary strategy. Strict stop-loss orders are crucial. Today's PPI and initial jobless claims data may exacerbate market volatility; Therefore, please control position size and set stop-loss orders.