DvsTraderfirm

Gold has bearish Tomorrow

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey there The Gold on 1h candle looking for
After the price falls below $2,168, the market may fluctuate repeatedly. Conservatives can choose to wait until the price moves out of the $2148-2168 range.
The stronger-than-expected PPI data showed that the road ahead for Fed policymakers seeking to make greater progress in fighting inflation is not smooth. Previously released U.S. CPI data showed that the overall inflation rate exceeded expectations for the second consecutive month, once again confirming the market's expectation that the Federal Reserve will not be in a hurry to cut interest rates. Several categories in the PPI report are also used to measure the PCE data favored by the Fed, which will be released later this month. Among them, the cost of service industry increased by 0.3%, and the investment portfolio management fee, which is a key component of PCE, increased by 0.2%, falling sharply from the previous month. Hospital outpatient expenses increased by 0.5%. Prices paid to producers for goods rose 1.2%, the first increase in five months

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