XAUUSD reserves increased ahead of today's CPI
💵GOLD PRICE AND ECONOMIC INFORMATION
Gold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%.
🔴SELL GOLD: 2390 - 2400, SL: 2404
🟢BUY GOLD: 2340 - 2338, SL: 2334
⛔️Breakout: top border 2387 - 2390 - 2403 - below 2370 - 2365 - 2355
🔼Support: 2365 -2355 - 2350 - 2340 - 2335
🔽Resistance: 2387 - 2395 - 2400 - 2410 - 2414
GOOD LUCK EVERYONE👍
Gold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%.
🔴SELL GOLD: 2390 - 2400, SL: 2404
🟢BUY GOLD: 2340 - 2338, SL: 2334
⛔️Breakout: top border 2387 - 2390 - 2403 - below 2370 - 2365 - 2355
🔼Support: 2365 -2355 - 2350 - 2340 - 2335
🔽Resistance: 2387 - 2395 - 2400 - 2410 - 2414
GOOD LUCK EVERYONE👍
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