CPI Price direction
Today's moving averages are all curving downwards ahead of the Consumer Price Index (CPI) data to be released later in the day. The intensification of the negative correlation of the USD began since the first results of the U.S elections were publicized on Wednesday. It is therefore recommended to place a SELL order.
XAUUSD Plan day (12/11/2024)
SETUP GOLD PRICE:
Sell GOLD zone: $2618 - $2620 SL 2623
TP1: $2610
TP2: $2600
TP3: $2590
Buy GOLD zone: $2571 - $2573 SL $2566
TP1: $2580
TP2: $2590
TP3: $2600
Buy GOLD zone: $2561 - $2563 SL $2556
TP1: $2570
TP2: $2580
TP3: $2590
Godfrey481 wishes you the best of luck in trading especially the CPI news. Use proper money management and do not risk more than 2% of your capital.
Note
Active plan day SELL TP 1 hit (+80 pips).Note
Active plan day SELL TP 2 hit (+180 pips).Note
Active plan day SELL TP 3 hit (+280 pips).
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