There will be relatively important CPI data released this evening. Based on current market expectations, the CPI may rise slightly. If the data does not deviate much from expectations, it is unlikely to interfere with the recent pace of interest rate cuts. As long as the CPI does not rise significantly this evening, a rate cut can basically be confirmed, and there is a high possibility that gold prices will continue to rebound, with the potential to challenge 99800.

If the CPI unexpectedly drops, there may be a direct opportunity to chase long positions and see the 101000 level this evening. The first wave of long positions around 95500 has already taken profits at 97100. During the afternoon session, a drop to 97000 can still be considered for another long position. Did everyone keep up?