Gold prediction in the US session 21 SEPT

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In August, the annual inflation rate in the United States increased by 3.7%, slightly higher than the anticipated 3.6% rise. The Consumer Price Index (CPI) experienced its largest monthly gain of 2023, with a 0.6% increase that aligned with market predictions. Additionally, the core CPI rose by 0.3% and reached a total increase of 4.3%, meeting expectations of a 0.2% increase and matching the projected figure.

Although there was an increase in headline CPI figures, overall data indicated that inflationary pressures in the US are beginning to ease off as expected. This information did not provide much cause for celebration among those advocating for stricter monetary policies within the Federal Reserve (Fed), as markets continued to anticipate that interest rates would remain unchanged at next week's meeting while also predicting a mere 40% likelihood of an interest rate hike occurring in November.
注释
🕯 BUY GOLD |  1918 - 1915

🔴 SL: 1910

🟢 TP1: 1923
🟢 TP2: 1928
交易开始
Running + 40pips ✔️✔️✔️. Great ❤️‍🔥
交易结束:到达目标
Close Full Hit TP1 + 80pips 😮
注释
In the short term, it is estimated that the USD may continue to increase or stabilize at a high level because the Fed is expected to raise interest rates one more time to push up inflation, which is still quite high compared to the target of 2%.
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The fact that gold maintains a solid support level above 1,900 USD/ounce amid surrounding difficulties is a good sign that the market is ready for a new uptrend when the trend reverses.
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The market will also be more sensitive to inflation data because the Personal Consumption Expenditure Index will be published on September 29.
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Investors have a basis to expect the price of gold to increase, because gold is reacting in a positive direction when the US Federal Reserve (Fed) did not raise interest rates on September 20 due to economic risks. The US economy may decline.
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