Here's a CPI-related gold price analysis based on your 1-hour chart and current price action:
Chart Context
Instrument: Gold (CFDs in USD)
Timeframe: 1H
Current Price: $3,254.93
Event: Upcoming or recent CPI data release (Consumer Price Index – high-impact economic event)
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Technical Overview
1. Key Levels
Resistance Zone: $3,280 – $3,300
(Previous strong support that turned into resistance)
Support Zone: $3,200 – $3,220
(Recent bottom and sharp bounce zone)
Mid-Level Reaction: $3,255 – Price is currently reacting here.
2. Price Action
After a sharp sell-off, price bounced from ~$3,200 and is now consolidating around $3,255.
Market is likely awaiting CPI data for direction.
Consolidation near a key psychological level suggests breakout potential.
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CPI-Based Trading Scenarios
Scenario A: CPI Higher Than Expected (Hawkish)
Expected Move: USD strengthens → Gold weakens
Trade Idea:
Entry: Sell on breakdown below $3,245
Target: $3,220 → $3,200
Stop Loss: $3,265
Bias: Bearish
Scenario B: CPI Lower Than Expected (Dovish)
Expected Move: USD weakens → Gold strengthens
Trade Idea:
Entry: Buy breakout above $3,270
Target: $3,290 → $3,300
Stop Loss: $3,255
Bias: Bullish
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Risk Management
Use tight SL due to volatility during CPI news.
Avoid trading right at release – wait for 5–15 minutes after the candle settles.
Trade with your own risk ‼️‼️
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Chart Context
Instrument: Gold (CFDs in USD)
Timeframe: 1H
Current Price: $3,254.93
Event: Upcoming or recent CPI data release (Consumer Price Index – high-impact economic event)
---
Technical Overview
1. Key Levels
Resistance Zone: $3,280 – $3,300
(Previous strong support that turned into resistance)
Support Zone: $3,200 – $3,220
(Recent bottom and sharp bounce zone)
Mid-Level Reaction: $3,255 – Price is currently reacting here.
2. Price Action
After a sharp sell-off, price bounced from ~$3,200 and is now consolidating around $3,255.
Market is likely awaiting CPI data for direction.
Consolidation near a key psychological level suggests breakout potential.
---
CPI-Based Trading Scenarios
Scenario A: CPI Higher Than Expected (Hawkish)
Expected Move: USD strengthens → Gold weakens
Trade Idea:
Entry: Sell on breakdown below $3,245
Target: $3,220 → $3,200
Stop Loss: $3,265
Bias: Bearish
Scenario B: CPI Lower Than Expected (Dovish)
Expected Move: USD weakens → Gold strengthens
Trade Idea:
Entry: Buy breakout above $3,270
Target: $3,290 → $3,300
Stop Loss: $3,255
Bias: Bullish
---
Risk Management
Use tight SL due to volatility during CPI news.
Avoid trading right at release – wait for 5–15 minutes after the candle settles.
Trade with your own risk ‼️‼️
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✅JOIN FREE TELEGRAM
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
✅t.me/+atTT3a4htZ8yZjQ0
✅DAILY 3-4 SIGNALS
✅ALL PAIRS CRYPTO & GOLD
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.