Gold retest -1885 area?
Gold prices rebound from a support area at $1835
Even though CPI data has little impact at the start but eventually eased as still the inflation high and coping wit it takes time
gold buyers are likely heading towards 100-DMA near $1,885.
if their is bearish influence and fail to break the resistance areas will result in the break or retest of $1835 and a test towards $1780
keeping close to market for immediate movements towards price action is much needed
Recession is still there and current economic crisis already have a significant impact on global markets and takes time to recover
### just an idea and not a financial advise of any form
Even though CPI data has little impact at the start but eventually eased as still the inflation high and coping wit it takes time
gold buyers are likely heading towards 100-DMA near $1,885.
if their is bearish influence and fail to break the resistance areas will result in the break or retest of $1835 and a test towards $1780
keeping close to market for immediate movements towards price action is much needed
Recession is still there and current economic crisis already have a significant impact on global markets and takes time to recover
### just an idea and not a financial advise of any form
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