GOLD strategy before and after news CPI
Gold prices edged higher on Tuesday, the first of the previous three, and maintained a slightly positive bias as we head into the European session. XAU/USD is currently positioned around the $1,960 area, up over 0.20% on the day, despite a lack of follow-through buying and staying well within a familiar trading range held for the past three weeks or so.
The US Dollar (USD) is struggling to capitalize on the modest gains recorded over the past two days and is under renewed selling pressure on expectations of a pause in the year-long policy tightening cycle of the US dollar. The Federal Reserve (Fed) is imminent.
I can buy at strategy today. you can buy gold in the 1950's price range before CPI news. After believing that in the event of gold going down, you can watch to buy into the 1938-1940 zone. Good luck with your trading.
The US Dollar (USD) is struggling to capitalize on the modest gains recorded over the past two days and is under renewed selling pressure on expectations of a pause in the year-long policy tightening cycle of the US dollar. The Federal Reserve (Fed) is imminent.
I can buy at strategy today. you can buy gold in the 1950's price range before CPI news. After believing that in the event of gold going down, you can watch to buy into the 1938-1940 zone. Good luck with your trading.
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