GOLD AFTER CPI & MARKET COMMENTARY (DAY 13/7/2023 )
After last night's CPI, gold has increased sharply to reach the maximum level at 1960, the trend is still increasing and approaching the important resistance area at 1969-1972.
- Back to technical analysis, look for SELL at 196X, SL when breaking through 1972. and pay attention not to add a BUY entry at this time.
- On the basis of fundamental analysis, there are two important news tonight:
. First application for unemployment benefits (at 19:30)
. PPI manufacturing index in June (19:30)
- Back to technical analysis, look for SELL at 196X, SL when breaking through 1972. and pay attention not to add a BUY entry at this time.
- On the basis of fundamental analysis, there are two important news tonight:
. First application for unemployment benefits (at 19:30)
. PPI manufacturing index in June (19:30)