Hi Traders
Gold market with a focus on the upcoming CPI (Consumer Price Index) news, which can indeed cause significant volatility Gold is moving around 2916 If the price stays above 2925, then next resistance levels are around 2935 If the price falls then support levels between 2900 and 2878.
The CPI release will likely trigger big price movements, as it directly impacts expectations around inflation and interest rates, which are key factors for gold prices.
If CPI comes in higher than expected, it could push gold lower as it suggests that inflation is persistent, possibly leading to tighter monetary policy. On the other hand, if CPI is lower, gold could see an uptick as inflation concerns ease.
Ps Like and comments for modified to share analysis with us.
Gold market with a focus on the upcoming CPI (Consumer Price Index) news, which can indeed cause significant volatility Gold is moving around 2916 If the price stays above 2925, then next resistance levels are around 2935 If the price falls then support levels between 2900 and 2878.
The CPI release will likely trigger big price movements, as it directly impacts expectations around inflation and interest rates, which are key factors for gold prices.
If CPI comes in higher than expected, it could push gold lower as it suggests that inflation is persistent, possibly leading to tighter monetary policy. On the other hand, if CPI is lower, gold could see an uptick as inflation concerns ease.
Ps Like and comments for modified to share analysis with us.
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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.