Gold 15/07 - CPI Expected, Can Gold Reverse?
📰 CPI Today:
US inflation is expected to rise to 2.7% year-on-year in June, after recording a 2.4% increase in May. Core CPI, which excludes volatile food and energy categories, is projected to rise by 3% year-on-year, compared to the 2.8% increase reported last month. Overall, inflation is expected to continue rising and moving further from the Fed's 2% target.
➡️ Both CPI and Core CPI are forecasted to increase by 0.3% month-on-month.
📉 Technical Analysis:
Our buy signal from yesterday is on track, with price reaching the 3344-3346 zone and currently showing a good profit of 150 PIPs. This indicates we are heading in the right direction. However, note that when the price reaches 3370, we may see a reaction from this area. The next target could be around the 3390 zone.
There is also the possibility of a pullback to the zone we were waiting for yesterday, around 3328-3330. If the price returns to this zone, we will still look to buy there.
🔻 Important Support and Resistance Levels:
Resistance: 3374 – 3394 – 3400 – 3422
Support: 3341 – 3331 – 3310
🎯 Trading Scenario:
🔵 Buy (BUY):
Buy Zone 3344-3346 (continuing this trade)
Buy Zone 3328-3330
SL: 3321
TP: 3390 – 3435
🔴 Sell (SELL):
Sell Zone 3387-3389
SL: 3393
TP: 3380 – 3370
⚠️ Note:
Be cautious with the time frame before the news release, as prices may move sharply before that time.
Wishing you successful trading and profitable results! Keep following my strategies to take advantage of market opportunities!
#GoldTrading #TradingStrategy #CPI #Fed #FinancialMarkets #TechnicalAnalysis #GoldAnalysis #MarketOpportunities #FinancialStrategies #GoldUK #MarketAnalysis #TradingOpportunities
📰 CPI Today:
US inflation is expected to rise to 2.7% year-on-year in June, after recording a 2.4% increase in May. Core CPI, which excludes volatile food and energy categories, is projected to rise by 3% year-on-year, compared to the 2.8% increase reported last month. Overall, inflation is expected to continue rising and moving further from the Fed's 2% target.
➡️ Both CPI and Core CPI are forecasted to increase by 0.3% month-on-month.
📉 Technical Analysis:
Our buy signal from yesterday is on track, with price reaching the 3344-3346 zone and currently showing a good profit of 150 PIPs. This indicates we are heading in the right direction. However, note that when the price reaches 3370, we may see a reaction from this area. The next target could be around the 3390 zone.
There is also the possibility of a pullback to the zone we were waiting for yesterday, around 3328-3330. If the price returns to this zone, we will still look to buy there.
🔻 Important Support and Resistance Levels:
Resistance: 3374 – 3394 – 3400 – 3422
Support: 3341 – 3331 – 3310
🎯 Trading Scenario:
🔵 Buy (BUY):
Buy Zone 3344-3346 (continuing this trade)
Buy Zone 3328-3330
SL: 3321
TP: 3390 – 3435
🔴 Sell (SELL):
Sell Zone 3387-3389
SL: 3393
TP: 3380 – 3370
⚠️ Note:
Be cautious with the time frame before the news release, as prices may move sharply before that time.
Wishing you successful trading and profitable results! Keep following my strategies to take advantage of market opportunities!
#GoldTrading #TradingStrategy #CPI #Fed #FinancialMarkets #TechnicalAnalysis #GoldAnalysis #MarketOpportunities #FinancialStrategies #GoldUK #MarketAnalysis #TradingOpportunities
👑 Price Action - Simple Trade System - One Shot One Kill Style
🔥 Get Real - Time (3-4 Free Call Daily) Trading Signals Here: t.me/+ECLXdyR7Q4YyM2Rl
🔥 Get Real - Time (3-4 Free Call Daily) Trading Signals Here: t.me/+ECLXdyR7Q4YyM2Rl
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.
👑 Price Action - Simple Trade System - One Shot One Kill Style
🔥 Get Real - Time (3-4 Free Call Daily) Trading Signals Here: t.me/+ECLXdyR7Q4YyM2Rl
🔥 Get Real - Time (3-4 Free Call Daily) Trading Signals Here: t.me/+ECLXdyR7Q4YyM2Rl
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.