professionaltradersfx

CPI Setup GOLD | Safe Zone

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
CPI Setup GOLD | Safe Zone H1 Timeframe

Current point 2027.50

- This Setup is not based on Sell or buy
- According to last CPI Gold firstly moves 100+ pips in buy and then lay down
- After Structuring the data we expected 100 pips buy then gold will fall
- We set the safe zone if and if gold break the 2041 area then next move would be 2047
furthermore on the major support level if gold retest to break the 2012-2011-2010 next target
would be 2000.00
- At a same time CPI , CORE INFLATION RATE , YOY AND MOM all are highly impact news
- use proper lot size and risk management to secure profit because patience is a major key

This Analysis is uploaded at 13/02/2024
Cheers ..

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