Ahead of PPI and traders are focusing on this report as favorable data could reinforce fresh selling in the US Dollar. This, in turn, could trigger a rise in gold prices. But, it is worth considering the unpredictability of the news in your trading.
Resistance levels: 2411, 2416, 2424
Support levels: 2396, 2392, 2385
Technically, a small correction is possible after a false breakdown of resistance, which in general may lead to testing the imbalance zone before the next growth, if the fundamental background after PPI is maintained or intensified
Resistance levels: 2411, 2416, 2424
Support levels: 2396, 2392, 2385
Technically, a small correction is possible after a false breakdown of resistance, which in general may lead to testing the imbalance zone before the next growth, if the fundamental background after PPI is maintained or intensified
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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.
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.