GOLD (XAUUSD): Bearish Outlook After CPI 🥇

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

Multiple Time Frame Analysis Wedge Parallel Channel XAUUSD Gold goldsignals goldtrading goldanalysis goldtrader goldstrategy Contains image

mtfa wedgepattern parallelchannel xauusd gold goldsignals goldtrading goldanalysis goldtrader goldstrategy containsimage

snapshot

Gold reached an important horizontal daily resistance.
Approaching that the price violated a support of the rising wedge pattern
on an hourly time frame after a CPI release.

I expect a bearish movement to a support line of a rising channel now.
Its bearish breakout, will push the prices even lower.

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