GOLD SHORT TERM INTRADAY IDEA
Intraday analysis - GOLD - ( 14 MAR 2023 )
Scenario 1 CPI DATA SHOWS A DECREASE
- inflation is showing a decrease
- feds rate hike has been working for months now
- Fueled with recession fears due to banking collapse, this will lean the feds towards a pivot narrative
- With uncertainty and fear in the market, price of gold can still continue its bullish momentum to retest new highs.
If CPI comes out good, it means that the feds monetary policy is working in combating inflation for months to come now despite them still being far from their inflation targets. This would meant they can take things slower and ease monetary policy especially with the current fud in the market due to SVB, they will be more incline to lower rate hikes next week during fomc. Will adapt to buys on gold in the event that happens
HRHR BUYS AT 1912
MRMR BUYS ABOVE 1923
SAFEST BUYS ABOVE 1930
FUNDAMENTALS HAS TO BACK SHORT TERM BULLISH SENTIMENT WITH RECESSION FEARS BEING IN THE MARKET
Scenario 1 CPI DATA SHOWS A DECREASE
- inflation is showing a decrease
- feds rate hike has been working for months now
- Fueled with recession fears due to banking collapse, this will lean the feds towards a pivot narrative
- With uncertainty and fear in the market, price of gold can still continue its bullish momentum to retest new highs.
If CPI comes out good, it means that the feds monetary policy is working in combating inflation for months to come now despite them still being far from their inflation targets. This would meant they can take things slower and ease monetary policy especially with the current fud in the market due to SVB, they will be more incline to lower rate hikes next week during fomc. Will adapt to buys on gold in the event that happens
HRHR BUYS AT 1912
MRMR BUYS ABOVE 1923
SAFEST BUYS ABOVE 1930
FUNDAMENTALS HAS TO BACK SHORT TERM BULLISH SENTIMENT WITH RECESSION FEARS BEING IN THE MARKET
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