Gold Market Declines Ahead of CPI – Eyeing $2,860 Imbalance
Gold market continues its short-term decline as traders anticipate the upcoming CPI data. The market is set to take out imbalances through $2,860, which could serve as a key level for potential demand. Perhaps CPI data favors USD strength{data lower than expected }, further downside toward $2,850-$2,830 may unfold. However, if inflation surprises(hawkish feds), a bullish reversal could be on the horizon.
Stay tuned for key market reactions! follow for more Apt analysis and insights on Gold market .Boost idea and comment opinions
Stay tuned for key market reactions! follow for more Apt analysis and insights on Gold market .Boost idea and comment opinions
Trade closed: target reached
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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.