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šššššš BUY 3305/3303
Sl 3295
šš š 3310
šš š 3315
šš š 3320
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šššššš BUY 3212/3210
Sl 3203
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TP 1 Done š
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3219//3221
šš š 3215
šš š 3212/3208
š šš. 3228
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50 Pip's SECURED š
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3219//3221
šš š 3215
šš š 3212/3208
š šš. 3228
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šššššš BUY 3154/3152
Set Limit's
Sl 3142
šš š 3158
šš š 3162
šš š 3170
XAUUSD is trying to hold the demand zone š
XAUUSD has stabilized around $3,200 level which coincides with the 50% Fibonacci retracement level and the demand zone shown on the chart.
A break below this zone and a decline below it could push the price further down. However, consolidation above this zone and the formation of a bullish price action could lead to a rise in gold.
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šššššš BUY 3233/3231
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Sl 3222
šš š 3236
šš š 3240
šš š 3250
What to expect from this month's CPI
Here are a few things to consider when trading this month's CPI:
The consensus for American annual inflation in April is about 2.4%, the same as last month's result.
March's 2.4% was surprisingly lower than expected; however, a cut by the Fed next month now seems significantly less likely.
One point of focus in the release is the influence of lower prices for fuel, which was a significant factor last time.
Another lower figure might suggest that gold's uptrend could continue while the dollar could lose strength further.
$10.15 was the peak of M15's ATR for gold last release; volatility could be lower this time unless there's another notable surprise.
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3272/3274
šš š 3265
šš š 3260/3250
š šš. 3282
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3315/3317
šš š 3311
šš š 3306/3300
š šš. 3327
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šššššš BUY 3345/3343
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Sl 3333
šš š 3350
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3385//3387
šš š 3380
šš š 3370/3360
š šš. 3397
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