CPI inflation assessment - Gold positive or negative?
Updated
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
During the Asian session on Tuesday, the price of gold (XAU/USD) has slightly increased and moved away from a three-week low, which was around the $1,976-1,975 range reached the previous day. However, there is a lack of continued buying or strong bullish sentiment as traders appear hesitant to make aggressive bets on the direction of the market before the release of the latest consumer inflation data from the United States (US) later today. The upcoming Consumer Price Index (CPI) report will have a significant impact on the Federal Reserve's (Fed) policy outlook and will help determine the short-term trajectory for the non-yielding yellow metal.
⭐️Personal comments NOVA:
Today released extremely important CPI economic data. Parameters to evaluate inflation and evaluate the current US economy. More and more money is returning to the financial investment market, showing signs of prosperity for the economy. This is also a disadvantage for Gold prices. After witnessing the new ATH point, Gold prices are in free fall.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1965 - $1967 SL $1957
TP1: $1975
TP2: $1988
TP3: $1993
🔥SELL GOLD zone: $2013 - $2015 SL $2023
TP1: $2005
TP2: $1997
TP3: $1990
Pay attention to the resistance zone 1992-1995
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
⭐️GOLDEN INFORMATION:
During the Asian session on Tuesday, the price of gold (XAU/USD) has slightly increased and moved away from a three-week low, which was around the $1,976-1,975 range reached the previous day. However, there is a lack of continued buying or strong bullish sentiment as traders appear hesitant to make aggressive bets on the direction of the market before the release of the latest consumer inflation data from the United States (US) later today. The upcoming Consumer Price Index (CPI) report will have a significant impact on the Federal Reserve's (Fed) policy outlook and will help determine the short-term trajectory for the non-yielding yellow metal.
⭐️Personal comments NOVA:
Today released extremely important CPI economic data. Parameters to evaluate inflation and evaluate the current US economy. More and more money is returning to the financial investment market, showing signs of prosperity for the economy. This is also a disadvantage for Gold prices. After witnessing the new ATH point, Gold prices are in free fall.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $1965 - $1967 SL $1957
TP1: $1975
TP2: $1988
TP3: $1993
🔥SELL GOLD zone: $2013 - $2015 SL $2023
TP1: $2005
TP2: $1997
TP3: $1990
Pay attention to the resistance zone 1992-1995
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Note
Gold prices are increasing slightly around the 1980-1990 region. The recovery follows yesterday's strong selling volumeNote
CPI news will be announced in about 3 hours, the price is still sideways waiting for the news to come outNote
+ 40 pips , from entry 1992.5 ( resistance 1992-1995)Note
+ 130 pips , for signal SELL ( resistance 1992-1995)
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
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