Gold Price Action: Inverted Head & Shoulders + PPI Impact
This 1-hour gold price chart highlights a bullish Inverted Head & Shoulders pattern, signaling a potential breakout. Price has broken out of the range and is now testing the support area around 2,935, with a target of 2,950.
The upcoming Core PPI (Producer Price Index) news could bring increased volatility, influencing gold’s next move. If support holds, we may see a bullish continuation. However, a negative reaction to PPI data could lead to a pullback. Watch key levels and stay updated on the news for potential trading opportunities!
Key Levels:
Support Area: Around 2,935, where price is currently testing.
Resistance: The previous breakout zone.
Target: 2,950, if support holds.
Analysis:
Price has broken above the resistance and is now retesting it as support.
If it holds, we could see a move toward 2,950.
The Core PPI news might bring volatility—watch for reactions at support.
A confirmed bounce from support could offer a buying opportunity, while a breakdown could invalidate the setup.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
The upcoming Core PPI (Producer Price Index) news could bring increased volatility, influencing gold’s next move. If support holds, we may see a bullish continuation. However, a negative reaction to PPI data could lead to a pullback. Watch key levels and stay updated on the news for potential trading opportunities!
Key Levels:
Support Area: Around 2,935, where price is currently testing.
Resistance: The previous breakout zone.
Target: 2,950, if support holds.
Analysis:
Price has broken above the resistance and is now retesting it as support.
If it holds, we could see a move toward 2,950.
The Core PPI news might bring volatility—watch for reactions at support.
A confirmed bounce from support could offer a buying opportunity, while a breakdown could invalidate the setup.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
Trade active
MY TARGET RUNING 130+PIPS Trade closed: target reached
Congratulations Our Target Reached Successfully
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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.
👉 lucky person will join this link 👇
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
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.