Gold recovered to the 1949 area in last night's trading session when the USD softened and TP yields decreased as investors cautiously waited for last month's US CPI inflation data to be announced at 20:30 today. .
Today, before the CPI news was announced, the market likely went sideways, with weak liquidity waiting for news. Currently, gold has not broken out of the 1947-1949 resistance zone.
If inflation falls tonight, the Fed may consider keeping interest rates unchanged, gold will be supported and may increase until 1970 or beyond 1986.
Inflation data increased compared to expectations and in September, gold will fall back to 1932, deeper than 1921.
Plan before the news of sell zone 1947 TP 1940, 1935. If gold breaks out of the resistance zone before the news, you can consider buying with the expected price of 1970
Today, before the CPI news was announced, the market likely went sideways, with weak liquidity waiting for news. Currently, gold has not broken out of the 1947-1949 resistance zone.
If inflation falls tonight, the Fed may consider keeping interest rates unchanged, gold will be supported and may increase until 1970 or beyond 1986.
Inflation data increased compared to expectations and in September, gold will fall back to 1932, deeper than 1921.
Plan before the news of sell zone 1947 TP 1940, 1935. If gold breaks out of the resistance zone before the news, you can consider buying with the expected price of 1970