FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
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
GOLD is falling !🔽 $2338 Reached ✅
GOLD is falling !🔽 $2330 Reached ✅
▶️ 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.

📣 Join My FREE Channel on TG for more TA 👉🏼

⚜️Send me a DM if you want to join the VIP 👉🏼

▶️ Video Analysis on YouTube :

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.