GOLD Outlook: Bearish Pressure Expected Ahead of CPI Release
GOLD
Technical Analysis
Today, Gold is expected to experience bearish volatility, primarily influenced by the anticipated CPI results.
The price maintains a bearish outlook as long as it trades below 2612 and 2625, with potential targets at 2587 and, subsequently, 2554 if downward momentum continues.
A bullish reversal would require a break above 2625, which may only be likely if the CPI release is below 2.6%. However, we expect a CPI outcome around 2.9%, indicating higher inflation, which would likely exert negative pressure on Gold.
Key Levels:
Pivot Point: 2612
Support Levels: 2588, 2571, 2554
Resistance Levels: 2625, 2644, 2662
Trend Outlook:
- Bearish while below 2612 and 2625
- Bullish if Break 2625
Technical Analysis
Today, Gold is expected to experience bearish volatility, primarily influenced by the anticipated CPI results.
The price maintains a bearish outlook as long as it trades below 2612 and 2625, with potential targets at 2587 and, subsequently, 2554 if downward momentum continues.
A bullish reversal would require a break above 2625, which may only be likely if the CPI release is below 2.6%. However, we expect a CPI outcome around 2.9%, indicating higher inflation, which would likely exert negative pressure on Gold.
Key Levels:
Pivot Point: 2612
Support Levels: 2588, 2571, 2554
Resistance Levels: 2625, 2644, 2662
Trend Outlook:
- Bearish while below 2612 and 2625
- Bullish if Break 2625
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.