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XAUUSD continues to surprise,what is a good entry to trade today
Tonight is PPI News. Traders, remember to take note
all Gold There was a sharp drop in the 201x area last night after the CPI news came out. We can see that the candlestick is still below the Ma line, as the current gold price range is back in his 203x area in frames H4 and D1. > Today we will trade both trends of Canh Sell in 2038>2042 region
SL2044
City 2028>201x
> If today's gold breaks through the 2045 zone, everyone will be betting on "buy" and "hunt". There's a good chance this news will get some attention both ways in the market tonight. > Today's Asia and Europe session: Follow this trading trend. We will update if there is any new information
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Global gold prices are holding steady above $2,000 per ounce, but the latest report released shows that US inflation remains high, making it difficult to find motivation for price increases. I'm having a hard time. Specifically, the U.S. Consumer Price Index rose 0.3% in December, according to the U.S. Bureau of Labor Statistics. The daily rate was 0.1% in November, but experts were expecting a 0.2% increase. Inflation has also risen more than expected over the past 12 months, rising by 3.4%. According to consensus estimates, economists expect an annual increase of 3.2%. December's better-than-expected U.S. consumer price data has heightened concerns that interest rates could be kept subdued for an extended period. This caused the dollar and U.S. Treasury yields to rise.
Following the report, traders predicted a 66% chance that the U.S. Federal Reserve would raise interest rates at its March meeting, according to the CME FedWatch tool. Investors are currently awaiting the Producer Price Index report to be released today (US time).
all Gold There was a sharp drop in the 201x area last night after the CPI news came out. We can see that the candlestick is still below the Ma line, as the current gold price range is back in his 203x area in frames H4 and D1. > Today we will trade both trends of Canh Sell in 2038>2042 region
SL2044
City 2028>201x
> If today's gold breaks through the 2045 zone, everyone will be betting on "buy" and "hunt". There's a good chance this news will get some attention both ways in the market tonight. > Today's Asia and Europe session: Follow this trading trend. We will update if there is any new information
------------
Global gold prices are holding steady above $2,000 per ounce, but the latest report released shows that US inflation remains high, making it difficult to find motivation for price increases. I'm having a hard time. Specifically, the U.S. Consumer Price Index rose 0.3% in December, according to the U.S. Bureau of Labor Statistics. The daily rate was 0.1% in November, but experts were expecting a 0.2% increase. Inflation has also risen more than expected over the past 12 months, rising by 3.4%. According to consensus estimates, economists expect an annual increase of 3.2%. December's better-than-expected U.S. consumer price data has heightened concerns that interest rates could be kept subdued for an extended period. This caused the dollar and U.S. Treasury yields to rise.
Following the report, traders predicted a 66% chance that the U.S. Federal Reserve would raise interest rates at its March meeting, according to the CME FedWatch tool. Investors are currently awaiting the Producer Price Index report to be released today (US time).
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