Gold Price Action: Inverted Head & Shoulders + PPI Impact

13 mars

This 1-hour gold price chart highlights a bullish Inverted Head & Shoulders pattern, signaling a potential breakout. Price has broken out of the range and is now testing the support area around 2,935, with a target of 2,950.

The upcoming Core PPI (Producer Price Index) news could bring increased volatility, influencing gold’s next move. If support holds, we may see a bullish continuation. However, a negative reaction to PPI data could lead to a pullback. Watch key levels and stay updated on the news for potential trading opportunities!

Key Levels:

Support Area: Around 2,935, where price is currently testing.

Resistance: The previous breakout zone.

Target: 2,950, if support holds.


Analysis:

Price has broken above the resistance and is now retesting it as support.

If it holds, we could see a move toward 2,950.

The Core PPI news might bring volatility—watch for reactions at support.



A confirmed bounce from support could offer a buying opportunity, while a breakdown could invalidate the setup.


Note:
This is not a trading signal, just my personal analysis based on current market trends.

13 mars

Transaction en cours

MY TARGET RUNING 130+PIPS

13 mars

Trade fermée: cible de profit atteinte

Congratulations Our Target Reached Successfully