𝗫𝗔𝗨𝗨𝗦𝗗 𝗩𝗘𝗡𝗭𝗜𝗟 𝗙𝗫 📉
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3219//3221
𝐓𝐏 𝟏 3215
𝐓𝐏 𝟐 3212/3208
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3219//3221
𝐓𝐏 𝟏 3215
𝐓𝐏 𝟐 3212/3208
🔘 𝐒𝐋. 3228
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XAUUSD is trying to hold the demand zone 📈
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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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
𝐓𝐏 𝟏 3265
𝐓𝐏 𝟐 3260/3250
🔘 𝐒𝐋. 3282
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3315/3317
𝐓𝐏 𝟏 3311
𝐓𝐏 𝟐 3306/3300
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3385//3387
𝐓𝐏 𝟏 3380
𝐓𝐏 𝟐 3370/3360
🔘 𝐒𝐋. 3397
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