XAUUSD PPI SIGNAL ALERT FOR SELLING

Source Bureau of Labor Statistics (latest release)
Measures Change in the price of finished goods and services sold by producers, excluding food and energy;
Usual Effect 'Actual' greater than 'Forecast' is good for currency
Also Called Core Finished Goods PPI, Core PPI for Final Demand;
Acro Expand Producer Price Index (PPI);
XAUUSD SELLING ZONE NOW ON 1974/1975

TAKE A PROFIT 1970.200
TAKE PROFIT 1965.400

STOP LOSS ON 1982.00

Frequency Released monthly, about 13 days after the month ends;
Next Release Jan 12, 2024
FF Notes Source changed series calculation formula as of Feb 2014. Food and energy prices make up about 40% of overall PPI which tends to mute the importance of the Core data;