Gold Spot / U.S. Dollar
Short
Updated

Gold on CPI day

110
Gold is now trading near the supply zone levels (2705.00: 2720) If gold remains stable below these levels and the CPI news comes positive for the dollar, it will support gold to fall to levels of 2665.00 then 2655.00 and in case of breaking the upward trend shown on the chart, there will be a strong decline, we may see levels of 2620.00 then 2605.00
Trade active
Congratulations Gold moved as my expectation.
i think if it still under 2604.00 it will continue to 2580.00 again and if it breaks 2850.00, we may see 2560.00 then 2540.00.

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