XAUUSD - CPI 's effection on the Chart

As you can see, gold is in an important range and in a few minutes we will have CPI statistics that will give direction to the market! As mentioned in the previous analysis, the possibility of attacking $1900 and $1920 is high, and we have to see if the price will reach these levels with the announcement of the news! Pay attention that the price is already in a large pool of liquidity and My first scenario in relation to the possible movement of the price will be a correction in general, but it is too early to prejudge and we have to wait for the announcement of CPI ! The scenarios are specified on the chart!

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👤 Arman Shaban : @ArmanShabanTrading
📅 01 .12.2022
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Commentaire:

According to the first scenario that I said, the price was corrected by more than 200 pips from $1891 to $1870 after announcing the news, and after reaching a positive orderlock, it faced demand pressure!

Commentaire:

Gold is trying to enter the $1900 channel! The highest number recorded so far : $1899!