Hey guys,
Looking at gold here today, with CPI data to be released, I'm anticipating a bearish continuation.
1988.879 - 1986.404
Potential sell zone (fib retracement)
1975.487
Old high that will probably be violated should CPI drive price lower (take profit one)
1965.467
Old low loads of liquidity resting below from buyers. (Final take profit)
2009.719
In the unlikely event that price decides to push higher this is a level where price may stall before continuing lower (post CPI data release)
Analysis by Austin Palmer for APFX Trading
Looking at gold here today, with CPI data to be released, I'm anticipating a bearish continuation.
1988.879 - 1986.404
Potential sell zone (fib retracement)
1975.487
Old high that will probably be violated should CPI drive price lower (take profit one)
1965.467
Old low loads of liquidity resting below from buyers. (Final take profit)
2009.719
In the unlikely event that price decides to push higher this is a level where price may stall before continuing lower (post CPI data release)
Analysis by Austin Palmer for APFX Trading
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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.
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.