MrCharlie1

πŸ“ˆβœ¨Gold Market Outlook: Golden Opport: Bullish Breakout Aheadβœ¨πŸ“ˆ

Long
MrCharlie1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
πŸ“ˆβœ¨ **Gold Market Outlook:** βœ¨πŸ“ˆ

Gold wrapped up the week with a strong bullish momentum, hinting at a potential breakthrough of a significant daily resistance cluster. πŸš€ Looking ahead, a bullish breakout above the **2361 level** accompanied by a daily candle closing above it could fuel a powerful uptrend, aiming for the **2391 level**. πŸ’°πŸ’ͺ

πŸ” However, if the market fails to breach 2361 and instead closes below **2339**, a shift to a stronger bearish trend might be on the horizon, signaling the emergence of a notable selling pattern. πŸ“‰βš οΈ

Stay tuned for updates as we navigate through these critical levels! πŸ“ŠπŸ’Ό #GoldAnalysis #MarketInsights
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πŸ“‰πŸŽ― Bearish Alert: Setting Our Sights Lower! πŸŽ―πŸ“‰

Update: We've hit 2332, and now we're at 2335. πŸ“‰βœ¨ As predicted, if that daily candle closes below 2339, we're gearing up for the next move down. πŸ“‰πŸ’₯ Keep your eyes glued to the chart – the journey continues! πŸ“ŠπŸ’Ό #TradingInsights #BearishTargets 🐻
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βœ… CPI News Tomorrow πŸ”₯πŸ”₯πŸ‘‡

πŸ”°What Is the Consumer Price Index (CPI)?

πŸ”°The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers.

πŸ”°The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending

πŸ”°The CPI is one of the most popular measures of inflation and deflation.

πŸ”°The CPI report uses a different survey methodology, price samples, and index weights than the producer price index (PPI), which measures changes in the prices received by U.S. producers of goods and services
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