Hello friends, the market is eagerly waiting for the announcement of the US inflation rate data on Tuesday. If the US inflation rate data is high, you will definitely see $1,790-1,800 on Wednesday, when the US retail sales rate will be announced, which can also be a catalyst for the continuation of the downward trend of gold. And gold will touch the numbers of 1775-1750 dollars, and maybe on Thursday, gold will see numbers lower than this, for example, 1720-1750 dollars. Everything depends on the inflation rate of America, and it is announced with high disbelief. And an excuse in the hands of the Fed to increase the interest rate in March. Anyway, this is my idea and it is not a signal, be careful, but I will follow this idea. And I am sure that this will happen. According to the previous trend of gold, which was from $1790 after rising from the $1620 area (up $170) to the $1960 area, and now it should go down by $170 to reach the $1790 area. After that, the story should happen on Wednesday. And our bearish flag works, of course, RSI is also in a downward trend. Now we have to wait and see. Of course, I recommend that you only work on the Tuesday before the news and do not pay attention to the fluctuations on Monday. Good luck.
