XAUUSD Key Level for CPI

10 Ağu 2023

Big day Ahead as everyone waiting for the CPI Data ,as per price action gold is trading under sell pressure and not able to break this decline cycle and we do not have any confirmation of buy in any time frame .So those who looking for buy better wait for good rejection or wait for data ,after CPI if we can see big move(as per past history 400+ pips is normal in some cases ) then that move can change the trend direction in north side otherwise we have to stay with the trend(Bears Side) ,if you remember the analysis of weekly video I clearly mentioned that the trend is not favourable for bulls and we have to look for sell opportunities only and this is still valid for today also but as today we have big day so for today better wait for price to react on CPI and then think about to enter in trade.For beginner, my advice is to stay out today and don't risk your capital and just wait and watch the show.