GOLD - Down as markets price in a pause after 10 consecutive
The gold market continues to decline after the Fed's interest rate decision led to a revaluation of expectations, with a rate hike expected in July. The highly anticipated inflation report revealed a contrasting outlook for the US.
While inflation has dropped to 4% annually, the core CPI, which excludes energy and volatile food prices, still runs at 5.3%, a slight decrease from 5.5% but hotter than the market's consensus. Despite the cooling inflation, analysts remain cautious, which could give the Fed the option to pause.
While inflation has dropped to 4% annually, the core CPI, which excludes energy and volatile food prices, still runs at 5.3%, a slight decrease from 5.5% but hotter than the market's consensus. Despite the cooling inflation, analysts remain cautious, which could give the Fed the option to pause.
Comment:
⭐️Missing 10 more pips is the strategy has worked :))
⚠️ Stop Loss : 1960
💲Take Profit 1: 1948
💲Take Profit 2: 1942
💲Take Profit 3: 1935