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XAUUSD / Bearish Volatility Amid CPI Expectations
Gold Technical Analysis
The price reached our target perfectly in the previous idea.
Today the market will be volatile due to the CPI results, and we expect bearish momentum depending on the expectation is excced the previous result, so that will make a bearish volatility on the GOLD market.
As long as trades below 2706 will be bearish to get 2678, to get a more bearish area should close 4h or 1h candle below 2678 to touch 2665 and 2653
On the other hand, to be bullish should CPI release less than 2.7% to get 2719 and 2732
Key Levels:
Pivot Point: 2705
Resistance Levels: 2719, 2732, 2739
Support Levels: 2678, 2665, 2653
Trend Outlook: Bearish Volatile
The price reached our target perfectly in the previous idea.
Today the market will be volatile due to the CPI results, and we expect bearish momentum depending on the expectation is excced the previous result, so that will make a bearish volatility on the GOLD market.
As long as trades below 2706 will be bearish to get 2678, to get a more bearish area should close 4h or 1h candle below 2678 to touch 2665 and 2653
On the other hand, to be bullish should CPI release less than 2.7% to get 2719 and 2732
Key Levels:
Pivot Point: 2705
Resistance Levels: 2719, 2732, 2739
Support Levels: 2678, 2665, 2653
Trend Outlook: Bearish Volatile
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t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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