The Gold price climbed above
2
,028/oz after briefly dipping to
1
,990/oz on Monday which leaves the bulls in charge as per price action and market structure, as illustrated below. Meanwhile, the market is also taking its cues on the fundamentals with respect to softening US data, in the main, and the sentiment surrounding the Federal Reserve. On Wednesday, and ahead of Friday´s Retail Sales US data, the Consumer Price Index (CPI) climbed 0.1% in March after advancing 0.4% in February, compared with a forecast of 0.2% gain in a Reuters poll. But in the 12 months through March, the core CPI gained 5.6%, after rising 5.5% on the same basis in February. That core measure strips out volatile food and energy prices and was posting a month-on-month gain of 0.4%.
SELL ZONE:
2027-2032
TARGET:
Refer to mapping
SL 30 PIPS FROM ZONE
#M88N
#Goodluck
2
,028/oz after briefly dipping to
1
,990/oz on Monday which leaves the bulls in charge as per price action and market structure, as illustrated below. Meanwhile, the market is also taking its cues on the fundamentals with respect to softening US data, in the main, and the sentiment surrounding the Federal Reserve. On Wednesday, and ahead of Friday´s Retail Sales US data, the Consumer Price Index (CPI) climbed 0.1% in March after advancing 0.4% in February, compared with a forecast of 0.2% gain in a Reuters poll. But in the 12 months through March, the core CPI gained 5.6%, after rising 5.5% on the same basis in February. That core measure strips out volatile food and energy prices and was posting a month-on-month gain of 0.4%. SELL ZONE:
2027-2032
TARGET:
Refer to mapping
SL 30 PIPS FROM ZONE
#M88N
#Goodluck
Trade closed manually:
Setup Failed
t.me/M88NVIP