Today on Gold: XAUUSD
Given the potential impact of today's CPI release, my bias leans slightly towards sell for XAU/USD, assuming the CPI comes in higher than expected, which would likely strengthen the U.S. dollar and increase the likelihood of further rate hikes from the Federal Reserve. This scenario would put downward pressure on gold prices.
However, if the CPI data comes in lower than expected, indicating inflation is cooling, I would switch to a buy bias, as a weaker dollar and reduced rate hike expectations would likely push XAU/USD higher.
Look for Entries, in the New York Session
However, if the CPI data comes in lower than expected, indicating inflation is cooling, I would switch to a buy bias, as a weaker dollar and reduced rate hike expectations would likely push XAU/USD higher.
Look for Entries, in the New York Session
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.