✏️ GOLD : Bull or Bear ?? (CPI's effect)

By checking the gold chart in the 2-hour time frame, we see that after what we expected, the price experienced a heavy fall and was able to correct up to $1912! After that, since yesterday, the price has faced buying pressure and is hitting new and higher highs ! Today, we will have the CPI statistics in a few minutes, and according to the price range, there is a possibility of correction, but before that, the price will probably move upwards towards $1944 and $1947, and after that, with seeing the right trigger We can look for a SELL position! The important supply ranges are $1944 and $1947 to $1957 respectively!
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Best Regards , Arman Shaban

Trade chiuso: obiettivo raggiunto:

Well, as you can see, as I expected, the price made its initial upward movement and has moved up to the $1950 level with 150 pips. You have to wait for the right trigger to start the correction! The pressure of demand is still high! I hope you have made the most of this analysis!

Commento:

This is the fall I expected! So far, more than 60 pips ✅ have fallen from the mentioned zone!

Trade chiuso: obiettivo raggiunto:

This post in the new update. tap on it for more info !

Commento:

By examining gold in the 2-hour time frame, we can see that the price has been corrected since yesterday after reaching the zone of $1963 to $1967 and corrected up to $1952, but it is still within the specified supply range! To determine the next trend, let's wait for stabilization and break of $1973 or move below $1952 and stabilize below this level! Currently, the price has shown a negative reaction to $1960 and there is a possibility of further correction of the price!