XAUUSD H1
Today CPI would determine the next move of Gold and the market is expected to be volatile, Spotted an opportunity to long gold as the price is finally managed to break out of the descending channel. With an additional confirmation on the double bottom formation. Ideal target if CPI data is released in favor of Gold is 1768/1772. Advise to secure profit level to level and protect the trade in this choppy market.
On the flip side, if data continue to support the dollar and strengthen it, then Gold will likely break 1722 support with the potential target below 1717/1701/1674.
On the flip side, if data continue to support the dollar and strengthen it, then Gold will likely break 1722 support with the potential target below 1717/1701/1674.
İşlem aktif
The effect of the CPI data swing the price down to 1707 and recover back immediately and hit 1745.
Feragatname
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