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Prices accelerated a seasonally adjusted 0.2% for the month, in line with the Dow Jones estimate, the bureau of labor statistics reported Thursday. However, the annual rate was slightly below the 3.3% forecast though higher than June and the first increase in more than a year.
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Gold broke through a prior level of support last week and if this level now turns to resistance, lower gold prices are likely going forward. The important 61.8% Fibonacci retracement level is at $19,904/oz, just above the psychological $1,900/oz point with a 50% retracement of the late-September to early-May rally at $1,849/oz. A push, and consolidation above $1,940/oz. would ease bearish pressure on the precious metal.
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BILAN DU 06/06 —> 14/06 :
06/06/2023 : XAUUSD BUY ✅
07/06/2023 : XAUUSD SELL ✅
07/06/2023 : XAUUSD SELL ✅
07/06/2023 : XAUUSD BUY ✅
08/06/2023 : XAUUSD SELL ✅
12/06/2023 : XAUUSD BUY ✅
12/06/2023 : XAUUSD SELL ✅
12/06/2023 : XAUUSD SELL ✅
13/06/2023 : XAUUSD BUY ✅
14/06/2023 : XAUUSD SELL ✅
14/06/2023 : XAUUSD BUY ✅
