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GOLD> Bullish based on the CPI data.
Atualizado
XAUUSD (Gold) price action in the 4H timeframe with a focus on the CPI (Consumer Price Index) release today. Based on your analysis, you're anticipating significant market movement with possible price reactions based on the CPI data.
Here’s a breakdown of your key points:
Resistance Zone: 2710 to 2730 – You believe Gold could rally towards this zone if the market reacts positively or strongly to the CPI data.
Support Zone: 2675-2660 – If price touches this support level, you're expecting a potential pullback towards the resistance zone.
Advise> If Gold breaks below the support zone, it could signal a deeper bearish move, but if it bounces off the support, there may be a push back toward the resistance zone how the market reacts to the CPI.
It’s crucial to monitor the key levels you’ve identified as the market could experience volatility depending on the CPI outcome.
Rate Share your idea What's Price will React in CPI.
Here’s a breakdown of your key points:
Resistance Zone: 2710 to 2730 – You believe Gold could rally towards this zone if the market reacts positively or strongly to the CPI data.
Support Zone: 2675-2660 – If price touches this support level, you're expecting a potential pullback towards the resistance zone.
Advise> If Gold breaks below the support zone, it could signal a deeper bearish move, but if it bounces off the support, there may be a push back toward the resistance zone how the market reacts to the CPI.
It’s crucial to monitor the key levels you’ve identified as the market could experience volatility depending on the CPI outcome.
Rate Share your idea What's Price will React in CPI.
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