Hello Fellows!
As I published last post , Gold (XAUUSD) perfectly moved as predicated in the charts . I hope you caught the move and add good pips. Currently Gold is moving with in the upward Channel which is bullish sign (Breaking the channel down may discharge the scenario). Today Gold Kissed the 1800 Psychological mark and went down. currently poking around the 1800. Gold has crossed the 200 MA and hovering above since 4 August.
Tomorrow is US CPI announcement which market is eagerly eying for further action. Higher inflation then forecast will hint towards Monetary policy tightening and a healthy BPS raise in September FOMC which may smash the upward movement. On other hand lower than expected CPI may act as catalyst to continue the current upward trend.
On upside we may see 1808-1825-1840. On lower scenario 1772-1755 may act as support.
Good Luck fellows and comment on the idea and odds.
Regards,
As I published last post , Gold (XAUUSD) perfectly moved as predicated in the charts . I hope you caught the move and add good pips. Currently Gold is moving with in the upward Channel which is bullish sign (Breaking the channel down may discharge the scenario). Today Gold Kissed the 1800 Psychological mark and went down. currently poking around the 1800. Gold has crossed the 200 MA and hovering above since 4 August.
Tomorrow is US CPI announcement which market is eagerly eying for further action. Higher inflation then forecast will hint towards Monetary policy tightening and a healthy BPS raise in September FOMC which may smash the upward movement. On other hand lower than expected CPI may act as catalyst to continue the current upward trend.
On upside we may see 1808-1825-1840. On lower scenario 1772-1755 may act as support.
Good Luck fellows and comment on the idea and odds.
Regards,