CPI-Inflation Assessment, Gold Accumulation
📌 Drivers
In geopolitics, Indian Prime Minister Narendra Modi said on Monday that military action against Pakistan was only paused, warning that future actions would depend on Islamabad's position. Meanwhile, Ukrainian President Volodymyr Zelensky expressed his willingness to meet with Russian President Vladimir Putin later this week after U.S. President Donald Trump called on Zelensky to "immediately" accept an invitation to a peace summit in Turkey. These developments have heightened geopolitical risks, which could boost demand for safe-haven assets such as gold, thereby enhancing the appeal of gold amid continued global uncertainty.
📊Comment Analysis
CPI evaluates the inflation level of the US economy, and the price of gold continues to strive to maintain a price range of around 3200
💰Strategy Package
🔥Selling gold area: 3281-3283 SL 3288
TP1: $3270
TP2: $3260
TP3: $3250🔥
Buying gold area: $3176 - $3174 SL $3169
TP1: $3185
TP2: $3198
TP3: $3210⭐️
Labaron believes
Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof that can finally stand up from the sea of corpses and blood.
Xausdu
GOLD ROAD MAPS - BULLISH#GOLD
Bullish to 1845 -50
Resist : 1830 - 1845
Support 1815 - 1800
Buy area at 1815-16
SL at 1799
Target 1830 - 1844.
Big reject potential at 1830, base on very strong resist. Sell when seller seen. ( Red candle at this area. )
#disclaimer on
Happy New Year 2022
Happy Trading Better and Better.