XAU continues mourning after CPI news

Gold prices maintained their upward momentum, supported by lower-than-estimated PMI data. In the European session, gold continued to increase from $2,119 to $2,140 and then decreased again to close the session at $2,128. Precious metals continue to be supported by recent US economic data, but the market is still waiting for the JOLTS jobs report and Fed Chairman Powell's testimony today. Currently, gold is falling slightly to $2,126.

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Sell XAU 2125 - 2127
TP1: 2115
Tp2: 2110
SL: 2137

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Running + 20 pips

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running + 30 pips

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Sell XAU 2142 - 2140
TP1: 2130
Tp2: 2120
SL: 2148