Rejection from 2038 of Resistance zone/CPI data/Retest of 1980?
Updated
Price retraced back to resistance zone 2035-2052 but got rejection from 2038. US CPI today is going to have a big impact. US yields have been on the rise in last couple of days. A higher than expected CPI will lead to a retest of support at 1980 of the 2003-1968 area.
Note
Core CPI m-o-m came higher so price that initially went up to resistance zone due to softer CPI y-o-y fell back. PPI came softer and Unemployment data also favouring the Gold. But totality of data is against the price, Silver fell badly and Gold also follows the path as discussed in the published idea.
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