GOLD Analysis - Friday April 2023 Pre New York Open
Gold is still Bullish on HTF,
consolidating on daily is currently bouncing between 1982.48 price and 2005.29,
4hr TF we can identify a No trading zone between 1991.01 and 1981.94 with at 89 Pips range
1hr TF Confirm the range zone previously mention on 4hr
ENTRY:
- If a 30 minutes candle close below area 1981.67 I will look for a short entry, targeting the previous Weekly Low
- If a 30 minutes candle close above 1991.01 I will look for a Buy Position targeting the previous Daily High
NEWS 0830 EST -
Core PCE Price Index m/m and
It's the Federal Reserve's primary inflation measure.
Employment Cost Index q/q
Change in the price businesses and the government pay for civilian labor;
Both this news have High Impact on GOLD, Based on Feds release we can measure the people sentiment versus GOLD
I expect GOLD will not move till the news release where will show us the direction
consolidating on daily is currently bouncing between 1982.48 price and 2005.29,
4hr TF we can identify a No trading zone between 1991.01 and 1981.94 with at 89 Pips range
1hr TF Confirm the range zone previously mention on 4hr
ENTRY:
- If a 30 minutes candle close below area 1981.67 I will look for a short entry, targeting the previous Weekly Low
- If a 30 minutes candle close above 1991.01 I will look for a Buy Position targeting the previous Daily High
NEWS 0830 EST -
Core PCE Price Index m/m and
It's the Federal Reserve's primary inflation measure.
Employment Cost Index q/q
Change in the price businesses and the government pay for civilian labor;
Both this news have High Impact on GOLD, Based on Feds release we can measure the people sentiment versus GOLD
I expect GOLD will not move till the news release where will show us the direction