Gold is approaching an important decision area ahead of today’s CPI release, where volatility can increase significantly and price may move quickly in either direction. The current chart structure shows that buyers are still defending the lower support region, while price has recovered back above the 4,380 key level and is now trading around the 4,400 area.
The recent price action shows buyers stepping in around the 4,364–4,368 strong support zone. This area has acted as an important reaction point, and the recovery from support suggests that demand is still present.
Technically Price has also moved back above the 4,380 key level, which is important for the bullish scenario. If buyers continue to hold above this area and price confirms strength after the CPI volatility, the next major resistance zone comes around 4,420 a clean break and sustained move above 4,420 could create room for a continuation toward the higher resistance area around 4,440–4,460, as higher target Point.
CPI NEWS WARNING
CPI can create sudden spikes, fake breakouts, liquidity sweeps, and rapid reversals. The first move after the announcement is not always the real direction. For that reason, waiting for price confirmation around the marked levels can be more disciplined than chasing the initial candle.
Your support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀
The recent price action shows buyers stepping in around the 4,364–4,368 strong support zone. This area has acted as an important reaction point, and the recovery from support suggests that demand is still present.
Technically Price has also moved back above the 4,380 key level, which is important for the bullish scenario. If buyers continue to hold above this area and price confirms strength after the CPI volatility, the next major resistance zone comes around 4,420 a clean break and sustained move above 4,420 could create room for a continuation toward the higher resistance area around 4,440–4,460, as higher target Point.
CPI NEWS WARNING
CPI can create sudden spikes, fake breakouts, liquidity sweeps, and rapid reversals. The first move after the announcement is not always the real direction. For that reason, waiting for price confirmation around the marked levels can be more disciplined than chasing the initial candle.
Your support means a lot! If you found this analysis useful, leave a Like and tell me your thoughts in the comments. Best of luck with your trading journey! 🚀
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✅FREE FOREX Signals in Telegram
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/Forexliveupdates1
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/Forexliveupdates1
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.