GOLD (CPI will decide ...)
GOLD
OUTLOOK
Gold is trading near its lowest level in a month at $1920 an ounce, and investors are awaiting US inflation data in search of an indication about the US Fed's path regarding interest in the coming period.
Currently , consolidation under 1923 level the chance of decline increase and try to reach 1912 and 1900 and if CPI release 3.3% and above it will support the price to drop to the 1900
as for renewing the bullish attempts, this requires the price to stable above 1931 and then will help the price to reach 1943 and 1953 and if the CPI release under 3.0% it will help the price to rise up and reach to the 1953
support line : 1912 , 1900
resistance line : 1923 , 1931
be careful today news will affect the market directly
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
OUTLOOK
Gold is trading near its lowest level in a month at $1920 an ounce, and investors are awaiting US inflation data in search of an indication about the US Fed's path regarding interest in the coming period.
Currently , consolidation under 1923 level the chance of decline increase and try to reach 1912 and 1900 and if CPI release 3.3% and above it will support the price to drop to the 1900
as for renewing the bullish attempts, this requires the price to stable above 1931 and then will help the price to reach 1943 and 1953 and if the CPI release under 3.0% it will help the price to rise up and reach to the 1953
support line : 1912 , 1900
resistance line : 1923 , 1931
be careful today news will affect the market directly
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
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