8.14 USD Trend AnalysisCPI is lower than expected, gold falls off a cliff, can the US dollar survive the desperate situation?
Today, the US seasonally adjusted CPI annual rate for the end of July was lower than expected. With gold and silver slightly bullish, gold price fell from a high of 2474 to 2050, a drop of 24 US dollars.
Everyone knows that if gold price falls, the US dollar will rise. Gold price currently lacks momentum. The war in the Middle East is still unclear. It may continue to fall. Will there be new entry opportunities for the US dollar?
What do you think of this view? Welcome to comment below
Dxyanalizi
DXYWe see the breaking of the trend line with a higher slope, due to the breaking of the 102.2491 range
It can be expected to be touched around the second trend line with a lower slope.
1-102.7198
2-102.2491
3-101.3775
Objectives based on pivot points:
1-104.7767
2-105.3868
3-106.1712
It is not necessary to touch all the targets.
If you have the confirmation for the negative divergence and the above candle, you can get the confirmation of entering the upward trend from the bottom time.