POST CPI TRADE IDEA
As per analysis given way ahead of time , gold made a run up due to a drop in cpi data which reflects the overall inflation rate. Will be playing continuation buys on Gold in the shorter term adapting to change in market sentiment as we may expect a more dovish stance on the feds in months to come leading to next year.
Looking at how price is exhausting on the lower timeframe i do expect a minor correction to gain more buy orders before heading up again.
HRHR buys at 1730 and 1725 whereby price retest the neckline of the broken daily key resistance turns support level.
MRMR buys at 1740 and 1745 region
SAFEST buys will be a break of 1752 after a retest or a break of 1757 region
Looking at how price is exhausting on the lower timeframe i do expect a minor correction to gain more buy orders before heading up again.
HRHR buys at 1730 and 1725 whereby price retest the neckline of the broken daily key resistance turns support level.
MRMR buys at 1740 and 1745 region
SAFEST buys will be a break of 1752 after a retest or a break of 1757 region
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