After the sharp drop, Gold has a chance to recover?
The world gold price dropped sharply last night – today, the US has announced a rather positive May balance.
Specifically, the consumer price index (CPI) in May in the US fell sharply from 4.9% in April to 4% in May and was lower than the previous forecast of 4.1%.
Core CPI after excluding food and energy prices also fell from 5.5% in April to 5.3% in May. Both the CPI and Core CPI in the US fell to levels lowest in the round. past 2 years.
Many analysts believe that the reduced issuance time will also affect the Fed's policy in the future.
Regarding technical analysis, we see that Gold is in the frame and continuously testing 2 resistance and support areas. Current target Gold will retest the 1960-1965 zone before retesting 1940
The current at we will be standard 1 command buy short time.
XAUUSD BUY 1945 - 1947 💯💯💯
✅ TP1: 1954
✅ TP2: 1960
✅ TP3: 1965
🛑SL: 1938
Specifically, the consumer price index (CPI) in May in the US fell sharply from 4.9% in April to 4% in May and was lower than the previous forecast of 4.1%.
Core CPI after excluding food and energy prices also fell from 5.5% in April to 5.3% in May. Both the CPI and Core CPI in the US fell to levels lowest in the round. past 2 years.
Many analysts believe that the reduced issuance time will also affect the Fed's policy in the future.
Regarding technical analysis, we see that Gold is in the frame and continuously testing 2 resistance and support areas. Current target Gold will retest the 1960-1965 zone before retesting 1940
The current at we will be standard 1 command buy short time.
XAUUSD BUY 1945 - 1947 💯💯💯
✅ TP1: 1954
✅ TP2: 1960
✅ TP3: 1965
🛑SL: 1938
Comment:
Running +50 Pips
