XAU before CPI news
Updated
⚡️HELLO TRADERS⚡️
⚡️The key US CPI report will be released later at the start of the North American trading session and will provide fresh signals on the Federal Reserve's (Fed) future path to interest rate hikes after the announced pause. widely predicted in September. Markets were predicting the possibility of another 25 basis point rate hike later this year. Expectations were lifted by upbeat US macro data released last week, which showed the economy is resilient and will allow the Fed to maintain higher interest rates for longer.
⚡️Gold trades in a narrow range waiting for CPI tonight. The H1 chart shows that the price line is still operating below the EMA, the relative strength index RSI is below 50.
Short trading
⚡️The key US CPI report will be released later at the start of the North American trading session and will provide fresh signals on the Federal Reserve's (Fed) future path to interest rate hikes after the announced pause. widely predicted in September. Markets were predicting the possibility of another 25 basis point rate hike later this year. Expectations were lifted by upbeat US macro data released last week, which showed the economy is resilient and will allow the Fed to maintain higher interest rates for longer.
⚡️Gold trades in a narrow range waiting for CPI tonight. The H1 chart shows that the price line is still operating below the EMA, the relative strength index RSI is below 50.
Short trading
Note
⚡️BUY XAUUSD1908 - 1910 + 40 pips
Note
⚡️ Gold remains sideways in range, 1908 ~ 1913 Waiting for CPI newsTrade active
Note
Everything is still very good.Trade active
Note
U.S. Treasury yields were range-bound in the wake of the CPI report, which suggested the Fed will keep interest rates steady at its upcoming meetingNote
After CPI comes PPI and Unemployment Claims
Trade closed: target reached
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