GOLD - Down as markets price in a pause after 10 consecutive
Updated
The gold market continues to decline after the Fed's interest rate decision led to a revaluation of expectations, with a rate hike expected in July. The highly anticipated inflation report revealed a contrasting outlook for the US.
While inflation has dropped to 4% annually, the core CPI, which excludes energy and volatile food prices, still runs at 5.3%, a slight decrease from 5.5% but hotter than the market's consensus. Despite the cooling inflation, analysts remain cautious, which could give the Fed the option to pause.
While inflation has dropped to 4% annually, the core CPI, which excludes energy and volatile food prices, still runs at 5.3%, a slight decrease from 5.5% but hotter than the market's consensus. Despite the cooling inflation, analysts remain cautious, which could give the Fed the option to pause.
Comment
🐾 SELL GOLD zone 1955 - 1953⚠️ Stop Loss : 1960
💲Take Profit 1: 1948
💲Take Profit 2: 1942
💲Take Profit 3: 1935
Comment
⭐️Missing 10 more pips is the strategy has worked :))
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.