Gold has been making lower lows from the start of the week and CPI fundamentals news drove Gold prices lower maintaining the current bearish market. Price is currently trading at monthly support where there is buying pressure we should see Gold pull back to the daily resistance at 1890 which is a strong supply zone before we continue with the downtrend.
Note
Gold continued to make new lows and did not buy significantly as expected.
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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.