Gold prices steadied on Monday (September 9) as investors awaited the US inflation report for further insight into the likelihood of the Federal Reserve cutting interest rates.
One analyst said that gold prices are "likely to be fairly stable, perhaps a little volatile within a given range," and that gold prices are expected to hit a record high.
Spot gold rose 0.31% to $2,503.23 an ounce. COMEX gold futures closed up 0.3% at $2,532.70.
Operation suggestion: The lowest gold daily line to 2485.4 position after the end of the strong pull up, the highest daily line reached the position of 2507.3 after the market finishing, the daily line finally closed in the position of 2506.2, the daily line with a very long hammer line, and after the end of this form, today's market back to step more, the point.
Trading strategy: long near 2497, stop loss 2491, target 2512-2518.
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