Gold trend after CPI and suitable entry points
The report shows that the transmission rate has dropped to 4% annually, marking the lowest level in more than 2 years.
However, the core CPI figure, which the Fed notes more because it removes volatile food and energy values, ran at 5.3%, down from 5.5% but slightly hotter. versus market consensus calls.
For gold to recover, Wall Street needs to believe the Fed is done raising rates. This usage report is appropriate, but some Fed members may worry that core value pressures are looking tough.
A pause in Fed rate hikes will have a positive effect on gold. Conversely, any sign that the Fed remains aggressive in its monetary policy austerity will mean a sharp sell-off in gold.
XAUUSD SELL LIMIT 1952 - 1955 💯💯
✅𝖳𝖯1 1945
✅𝖳𝖯2 1940
✅TP3 1935
🛑𝖲𝖫 1962
However, the core CPI figure, which the Fed notes more because it removes volatile food and energy values, ran at 5.3%, down from 5.5% but slightly hotter. versus market consensus calls.
For gold to recover, Wall Street needs to believe the Fed is done raising rates. This usage report is appropriate, but some Fed members may worry that core value pressures are looking tough.
A pause in Fed rate hikes will have a positive effect on gold. Conversely, any sign that the Fed remains aggressive in its monetary policy austerity will mean a sharp sell-off in gold.
XAUUSD SELL LIMIT 1952 - 1955 💯💯
✅𝖳𝖯1 1945
✅𝖳𝖯2 1940
✅TP3 1935
🛑𝖲𝖫 1962
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