Impact of CPI Data Key level Predictions and Market Scenario
Resistance: $2,710, with potential moves toward $2,705 if bullish momentum continues.
Support Levels: $2,683 and $2,687
XAU/USD could break above key resistance at $2,700 and aim for $2,710 or higher in intraday trading.
Impact: A softer CPI print, indicating slower inflation, could bolster expectations of Federal Reserve rate cuts. This scenario would likely weaken the US Dollar, making gold more attractive as a safe-haven asset
If CPI surpasses forecasts, it would suggest persistent inflation, reinforcing the Fed's need for tighter monetary policy. This could strengthen the US Dollar and pressure gold prices.
In conclusion, today's CPI report is pivotal for shaping gold's short-term trajectory, as it directly influences Federal Reserve policy expectations and the US Dollar's strength. Traders should prepare for potential volatility and sharp market moves depending on the inflation data.
Support Levels: $2,683 and $2,687
XAU/USD could break above key resistance at $2,700 and aim for $2,710 or higher in intraday trading.
Impact: A softer CPI print, indicating slower inflation, could bolster expectations of Federal Reserve rate cuts. This scenario would likely weaken the US Dollar, making gold more attractive as a safe-haven asset
If CPI surpasses forecasts, it would suggest persistent inflation, reinforcing the Fed's need for tighter monetary policy. This could strengthen the US Dollar and pressure gold prices.
In conclusion, today's CPI report is pivotal for shaping gold's short-term trajectory, as it directly influences Federal Reserve policy expectations and the US Dollar's strength. Traders should prepare for potential volatility and sharp market moves depending on the inflation data.
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Dont miss this zone trade with your proper setupİşlem aktif
The zone respect perfectly trade going to hit all of my TPs as i told you guysİşlem kapandı: hedefe ulaştı
ALL TARGET HITS PERFECTLY \
Not
NOW THE ZONE FOR SELLING IN PPI NEWS Not
DONT SEE BUY IN NEWSNot
sell zone running perfectly 350+pips
✅ Gold Scalping Signals (5-6 signals)
✅ Trading Ideas, Setups, and Technical Insights and some minds
Catch these signals for FREE on Telegram:t.me/trextro_fx
✅ Trading Ideas, Setups, and Technical Insights and some minds
Catch these signals for FREE on Telegram:t.me/trextro_fx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
✅ Gold Scalping Signals (5-6 signals)
✅ Trading Ideas, Setups, and Technical Insights and some minds
Catch these signals for FREE on Telegram:t.me/trextro_fx
✅ Trading Ideas, Setups, and Technical Insights and some minds
Catch these signals for FREE on Telegram:t.me/trextro_fx
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.