Impact of CPI Data Key level Predictions and Market Scenario

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Resistance: $2,710, with potential moves toward $2,705 if bullish momentum continues.

Support Levels: $2,683 and $2,687

XAU/USD could break above key resistance at $2,700 and aim for $2,710 or higher in intraday trading.

Impact: A softer CPI print, indicating slower inflation, could bolster expectations of Federal Reserve rate cuts. This scenario would likely weaken the US Dollar, making gold more attractive as a safe-haven asset

If CPI surpasses forecasts, it would suggest persistent inflation, reinforcing the Fed's need for tighter monetary policy. This could strengthen the US Dollar and pressure gold prices.

In conclusion, today's CPI report is pivotal for shaping gold's short-term trajectory, as it directly influences Federal Reserve policy expectations and the US Dollar's strength. Traders should prepare for potential volatility and sharp market moves depending on the inflation data.
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Dont miss this zone trade with your proper setup
交易开始
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交易结束:到达目标
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NOW THE ZONE FOR SELLING IN PPI NEWS
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DONT SEE BUY IN NEWS
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sell zone running perfectly 350+pips
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