GOLD (XAUUSD): CPI Data Ahead! Your PlanðĨ
https://www.tradingview.com/x/uuSriTKc/
Traders, do not forget that we are expecting the CPI data tomorrow.
Depending on the figures, I see 2 potential scenarios on Gold.
Bullish Scenario
1942 - 1946 is a key horizontal resistance.
If the market breaks and closes above that, I will expect a bullish continuation
to a major falling trend line.
Bearish Scenario
1924 - 1934 is a key horizontal support that the price is approaching now.
Its bearish breakout and a daily candle close below will push the prices lower.
Next goal will be 1910.
Wait for a breakout and the follow the market.
âĪïļPlease, support my work with like, thank you!âĪïļ
Traders, do not forget that we are expecting the CPI data tomorrow.
Depending on the figures, I see 2 potential scenarios on Gold.
Bullish Scenario
1942 - 1946 is a key horizontal resistance.
If the market breaks and closes above that, I will expect a bullish continuation
to a major falling trend line.
Bearish Scenario
1924 - 1934 is a key horizontal support that the price is approaching now.
Its bearish breakout and a daily candle close below will push the prices lower.
Next goal will be 1910.
Wait for a breakout and the follow the market.
âĪïļPlease, support my work with like, thank you!âĪïļ
â
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