#XAUUSD
Morning everyone 🌞🌞 there is always a calm before the storm, Gold has been going sideway for entire 2 days to prepare for CPI. This month CPI must be very strong.
For Gold today, Gold will have 2 scenarios:
+1st (green arrow): it’s now dropping, but it will go back up when it faces the lower orange trend line. The top for this scenario will be around 1880 or 1890.
+2nd (red arrow): if it breaks out 1869, then bullish trend will be broken, gold will fall down to the lower zones.
Tomorrow CPI will be very important for USD, it directly affects Gold as well, so if you wanna do news trading, make sure you not gonna risk your account with big vol. Let’s use pending orders instead of market execution and DON’T BE FOMO. ❤️❤️🌹🌹
Good luck guys ! Have a great trading day ahead.
Jolie Do:
Forex Trading Specialist/ Relationship Manager at ForexCEC - DNBC Global Markets.
ForexCEC - DNBCグローバルマーケットの外国為替取引スペシャリスト／顧客関係マネージャー
Message me to discuss more. ❤️
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