Today's CPI expects a price increase!

⭐️Smart investment, Strong finance

⭐️GOLDEN INFORMATION:
The survey conducted by the New York Fed revealed that consumers' expectations for inflation over the next year and five years have decreased to 3.57% and 2.72% respectively. The recent inflation data in the US may lead to further tightening by the Federal Reserve (Fed) based on the views of the FOMC. Gold traders will closely follow the statements of Fed officials throughout the week, particularly Philip Jefferson, the Fed Vice-Chairman, John Williams from the New York Fed, and Lisa Cook.

⭐️Personal comments NOVA:
If according to experts' predictions, today's CPI data is bad for the dollar and good for Gold, with a slight recovery. But the downward correction wave will still continue, the downtrend during the week will prevail

⭐️SET UP GOLD PRICE:

🔥BUY GOLD zone: $1931 - $1933 SL $1925
TP1: $1940
TP2: $1950
TP3: $1960

🔥SELL GOLD zone: $1960 - $1962 SL $1970
TP1: $1948
TP2: $1935
TP3: $1920

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Comment:

The Asian session traded slowly, sideways around the 1945-1950 zone

Comment:

Gold price waits for CPI news to fluctuate

Comment:

Active Sell 1960-1962

Comment:

+ 20 pips from entry Sell 1961,5