luckyali1

Gold awaiting CPI data on 10.Aug.2023

OANDA:XAUUSD   Ouro/Dólar Americano
Gold rallied from its last break out toping at 1985 area. since than the Gold is in fall and seems to come back to test the 1900-1910 area. most importantly Gold at press time is at 1916$ right 1 day bofore the most awaited CPI data which will give a fresh wind to Gold in either direction.

Better than expected data will push the dollar higher and Gold down

Lower than expected data will push Gold higher and the dollar down.

trade carefully.

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