GOLD - creating a bearish momentum after CPI
Updated
Spot Gold trades at daily lows near a daily low of $1,942, as optimism reigns following softer-than-anticipated US inflation figures. The Bureau of Labor Statistics reported the CPI rose by 0.1% MoM in May and 4% from a year earlier, while the core annual CPI printed at 5.3% as expected, easing from the previous 5.5%.
Gold is bearish according to the 4-hour chart, as it is currently developing below all of its moving averages
Gold is bearish according to the 4-hour chart, as it is currently developing below all of its moving averages
Note
Gold market interest today is updated economic forecasts, dot charts and Fed Chairman Jerome Powell's press conference.
Related publications
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.