Gold downward trend continue till breakout of 1971 level
Fundamental
Gold prices fell slightly on Monday, sticking to a tight trading range seen over the past three weeks as markets turned cautious ahead of upcoming U.S. consumer inflation data and a Federal Reserve meeting.
Expected Inflation
CPI m/m 0.2%,
CPI Y/Y 4.1%.
Trade Strategy:
Sell 1968 to 1965 range,
SL-1972
TP-1950
Tp-1941.
Good luck
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Gold prices fell slightly on Monday, sticking to a tight trading range seen over the past three weeks as markets turned cautious ahead of upcoming U.S. consumer inflation data and a Federal Reserve meeting.
Expected Inflation
CPI m/m 0.2%,
CPI Y/Y 4.1%.
Trade Strategy:
Sell 1968 to 1965 range,
SL-1972
TP-1950
Tp-1941.
Good luck
Don't forget to follow me to get more update.
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