🔥 XAU/USD - CPI's effect on $GOLD (READ THE CAPTION)

By checking the gold chart in the weekly time frame, we see that the price is trading in the range of $2348, today we will have the CPI statistics, and if the actual rate is announced higher than the predicted rate, we can expect a fall in gold.

I still don't see any signs of price reversal on the chart and I think we should wait for more powerful movements to change the trend or even a price correction!

If the price starts to fall, its targets are $2338, $2330 and $2312 respectively!

If the price above the $2345 level is supported, we can expect growth to higher targets such as $2360, $2370, $2380 and $2400!

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Comment:

GOLD is falling !🔽 $2338 Reached ✅

Comment:

GOLD is falling !🔽 $2330 Reached ✅

Comment:

▶️ What Happend with #CPI ?

Overall CPI Increase :

• The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4 percent in March on a seasonally adjusted basis, which is the same increase as in February.

• Over the last 12 months, the all items index increased by 3.5 percent before seasonal adjustment.