Gold build zone consolidation at level 1835 to 1823
Gold side way and turn back short trend for until some time in the future. after rally and breakout area 1823 going to up until 1828. when news realase Crude Oil Inventories -4.8M, can't build high price crude oil dan pressure safe heaven. as well as the news released FOMC Member, even make gold rally again of speculant until area 1835. dan now inthis area gold build zone consolidation for determine whether the price will continue to rise up to 1840-50 or will it reverse direction to 1820. for short trend gold can rejection at 1828 until down trend 1823. What you have to watch out for is the high impact news that will be released tonight CPI m/m and Core CPI m/m, be the determination whether to continue the rally or to drop
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.