Gold vs CPI

מעודכן
gold price are again going up from 1760 again
why ?
  • weaker nfp
  • higher cpi (may be 7% this time)
  • political failure on corona virus
  • fed panic over 7% inflation
  • investor fear of recession because of rate hike


since biden speech (people have more money in their pocket, infrastructure bill will not cause inflation ) it is going up everyday in nyc session

support 1760 (bottom of the trend)
1776
resistance 1795 (ten year old gold resistance)
1802

הערה
fomo for cpi תמונת-בזק
הערה
first resistance tested after retest of support 1776
GoldpriceactionSupport and ResistanceTrend LinesXAUUSD

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