Gold on CPI day
Updated
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.
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.