🥇 GOLD The continuation of growth after the correction. CPI!

Gold is touching the 2020 zone again. Today we have the Core CPI report.
The news is quite unpredictable and it is better not to trade or hedge your deals.

TA on a high timeframe:
1) The situation is stable and we have a continuing bullish trend.
2) Strong daily moving averages act as support
3) There is a strong support line on the chart, which holds the price for a long time. You should aim at it.

TA on a low timeframe:
1) The price is renewing its local maximum.
2) Most likely, the local first Elliott wave has stopped at 2021, a technical pullback is forming, which may touch strong support
3) There is a chance that the news release will have a positive effect on the gold, and when it touches the support, we might rise to 2020.

We pay attention to the strong support in 2010, the support line in the area of 2003 and the local low in 1995.

The rally could continue provided the bulls hold the support line behind them. I still expect a rise to 2050