These are my two scenarios on Gold.

Gold rose up with at least 2.70% on Friday after U.S CPI data release and closed at 1870 key level. We can expect Gold to either break above the key level and rise to 1900 or rejected from the key level and fall back to at least 1840 or closer to that. I will keep a closer watch for any of these scenarios and hopefully catch an entry on this.

Does this make sense to you? If it does, please leave a like.

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