XAU/USD : CPI is coming, Bull or Bear ?

已更新
Analyzing the #Gold chart on the 4-hour timeframe, we can see that after entering the highlighted demand zone, gold has delivered a return of over 270 pips so far and is currently trading around $2611.

It’s important to note that today we have the CPI data release, which could significantly impact gold prices. If the CPI figures come in higher than expected, we’re likely to see further declines in gold, and vice versa if the data comes in lower.

Key demand zones remain at $2586-$2593 and $2555-$2562, while important supply zones are $2610, $2619-$2626, and $2643. Additionally, the recent sharp declines in gold have created several liquidity gaps, marked in purple on the chart, which are expected to be filled in the medium term as the price recovers.

Stay cautious and keep an eye on these levels, as well as the CPI announcement, for potential trading opportunities!

The Last Analysis :

XAU/USD : More Fall Ahead ? (READ THE CAPTION)


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交易开始
🔄 Gold Analysis Update:

After the CPI data release, gold surged to $2619, reaching the key supply zone that was highlighted earlier. Upon hitting this level, it faced significant selling pressure and corrected back to $2608.

Currently, gold is trading around $2613, and the critical level to watch is $2609. If gold manages to stabilize above this key demand level, we could potentially see further upward movement toward higher targets.

Stay vigilant and monitor price action closely for the next move! 📊

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交易结束:到达目标
Analyzing the #Gold chart on the 4-hour timeframe, we observe that after entering the supply zone at $2619, gold followed our expectations and faced a sharp decline, correcting down to $2550 and providing a return of over 670 pips. Currently, gold is trading around $2558, and as mentioned in the previous analysis, the $2555-$2562 zone is a key demand area that has temporarily halted further decline.

We need to monitor whether gold can stabilize above $2565 in the next two hours. Before another potential drop, a short upward movement from gold is expected. (This analysis will be updated as needed.)

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注释
📉 Important Update of GOLD :

The price range of $2555 to $2558 has become a critical supply zone for GOLD . If the price gets rejected from this level, we could potentially witness a decline in gold prices toward levels below $2540.

#XAUUSD #GOLD #FOREX
注释
Analyzing the #Gold chart on the 4-hour timeframe, we can observe that after dropping to $2537, a significant liquidity gap was created. Subsequently, gold managed to stabilize above $2560 and $2565, forming a new bullish order block.

Currently, the price is consolidating above this order block, and if it successfully holds above $2560, we can anticipate further upward movement. However, if this level fails to hold, targets below $2537 and even $2500 might come into play.

This analysis will be updated step by step in accordance with price movements. Stay tuned!

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