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AbeikuGlobal_FX
Oct 12, 2023 6:26 AM

GOLD, Short Short

GoldOANDA

Description

Gold has been able to fill liquidity to 1879.800 and could correct to 1845 to fulfill Fibonacci retracement to 50% before a possible surge up to 1900 in the coming days.

The PPI News on Wednesday, 11th October was a positive news for the greenback (Dollar index) and the CPI and UoM Consumer Sentiment News is coming on Thursday and Friday, 12th/13th October.

Usually, the CPI news is negative for Gold so let's see how it could determine the direction of the gold market.
Comments
Gold-Tech
Thanks for the quality explanation, good analysis)
AbeikuGlobal_FX
@Gold-Tech, Thank you a lot! Appreciate
RLinda
Quite instructive and useful publication. Thanks for the good work!
AbeikuGlobal_FX
@RLinda, I really appreciate your comments
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