Maintain in trend zone, wait for US CPI

11 Haz

🔔🔔🔔Gold price assessment:
➡️ Gold prices appear to be struggling to build on the day's modest gains and remain below the overnight high, as traders adopt a wait-and-see approach ahead of the release of the U.S. Consumer Price Index (CPI). This key inflation report is expected to play a crucial role in shaping market expectations regarding the Federal Reserve's interest rate cut path and could serve as a fresh directional catalyst for the non-yielding precious metal.

➡️ Analysis based on support, resistance and Fibonacci levels combined with EMA to come up with an appropriate strategy

Personal plan:
🔆Price Zone Setup:

👉Buy Gold 3274 - 3277
❌SL: 3270 | ✅TP: 3282 - 3287 – 3292

👉Sell Gold 3360 - 3357
❌SL: 3364 | ✅TP: 3351 - 3346 – 3340

FM wishes you a successful trading day 💰💰💰

11 Haz

İşlem aktif

personal plan
Hit + 220 pips from Buy 3360
setup successful