XAUUSD : Gold prices fell after US CPI was higher than forecast
Updated
Gold price adjusted to $2,160 after US CPI news.
During the March 12 session, gold adjusted sharply down after the US CPI data was released and the precious metal is currently trading around $2,160. With the RSI indicator starting to trend downward after touching the overbought zone, XAU/USD may also correct in the near future. Gold's current support is around the old peak at $2,145, beyond which is the $2,088 threshold.
For gold prices to surpass $2,200, it may require a stronger interest rate cut from the Fed. But, below are possible reasons why that won't happen.
During the March 12 session, gold adjusted sharply down after the US CPI data was released and the precious metal is currently trading around $2,160. With the RSI indicator starting to trend downward after touching the overbought zone, XAU/USD may also correct in the near future. Gold's current support is around the old peak at $2,145, beyond which is the $2,088 threshold.
For gold prices to surpass $2,200, it may require a stronger interest rate cut from the Fed. But, below are possible reasons why that won't happen.
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🔝 XAUUSD : Trading plan March, 13, 2024🪙 We have 2 levels to have a good entry for the BUY signal :
💲 Entry 1 Buy Scalping : 2151 - 2153
💵TP1 : 2157
💵TP2 : 2165
🔴 SL : 2143
💲Entry 2 Buy Limit : 2145 - 2147
💵TP1 : 2153
💵TP2 : 2157
🔴 SL : 2140
🪙 We have 2 levels to have a good entry for the SELL signal :
💲Entry 1 Sell (Scalping) : 2165 - 2167
💵TP1 : 2160
💵TP2 : 2155
🔴 SL : 2173
💲Entry 2 Sell Limit : 2169 - 2171
💵TP1 : 2165
💵TP2 : 2160
🔴 SL : 2180
⚡️⚡️⚡️Note: For transactions, please leave full TP and SL to ensure safety and bring profit from the market. ‼️
🔔 Admin : @Eva_trade811
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Entry 2 sell - running 30 pips🔼🔼🔼Trade active
💵Entry 2 Sell - HIT TP1 60 pips - Closed 1/2 Move SL to Entry ⚡️⚡️⚡️ 🪙🪙🪙Note
Sell : 2173 - 2175💵TP1 : 2170
💵TP2 : 2165
🔴 SL : 2180
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👉 @bellatrader_2509
👉 Support 24/7 and More
👉 Join the group to profit every day.
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