GOLD 12/2: CPI SCENARIO TONIGHT, ADJUSTMENT OR CONTINUE ATH?
Gold prices consolidated below $2,900 on Wednesday and now appear to have halted an overnight pullback from an all-time high. Concerns about global trade wars and geopolitical risks continue to underpin safe-haven bullion amid a weaker US dollar.
Gold is still moving within the range of more than 100 prices and is gradually narrowing the gap. According to the H1 frame, there will be areas to pay attention to when trading CPI today as follows:
Today, we are waiting for these two areas to break:
- Break 2910, the following areas are heading towards 2942 2960 according to the highest peak and fibo
- Break 2882, the following areas are heading towards 2865 and 2933 according to the old support levels
Watch for SELL GOLD: 2958 - 2960
SL: 2965
TP1: 2945
TP2: 2925
Watch for BUY GOLD: 2833 - 2831
SL: 2828
TP1: 2838
TP2: 2863
Stick to the strategy. Set TP and SL to keep your trading and account safe! #gold
#forex
Gold is still moving within the range of more than 100 prices and is gradually narrowing the gap. According to the H1 frame, there will be areas to pay attention to when trading CPI today as follows:
Today, we are waiting for these two areas to break:
- Break 2910, the following areas are heading towards 2942 2960 according to the highest peak and fibo
- Break 2882, the following areas are heading towards 2865 and 2933 according to the old support levels
Watch for SELL GOLD: 2958 - 2960
SL: 2965
TP1: 2945
TP2: 2925
Watch for BUY GOLD: 2833 - 2831
SL: 2828
TP1: 2838
TP2: 2863
Stick to the strategy. Set TP and SL to keep your trading and account safe! #gold
#forex
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
️🥇 Zalo Group: zalo.me/g/hydlwv957
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
️🥇 Zalo Group: zalo.me/g/hydlwv957
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.