Hello traders ,what do you think about GOLD? Gold reached the ceiling of the channel and the resistance zone of 2200 with its continuous growth. It is expected that we will have a downward correction to the specified levels.
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CPI data was higher than expected, we expect the dollar to strengthen and gold to fall
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About 300 pips fell from the analyzed level
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The price can have a pullback to the 2180 zone and then enter the falling phase
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After the pullback to the 2180 zone, it has dropped about 110 pips so far
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The US data was released today in favor of the DXY. In the continuation of the expectation of further strengthening of the DXY and the fall of gold to the specified targets.
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First target reached
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