GOLD:SELL From 1,880 Resistance Key For A SHORT Setup

Powell is scheduled to speak at the Riksbank’s International Symposium on Central Bank Independence later during the early North American session. His remarks will be closely scrutinized for clues about the Fed's rate-hike path. The focus, however, remains on the latest consumer inflation figures from the United States (US), due for release on Thursday. The crucial US CPI report will be looked upon for fresh insight into the Fed's policy stance, which will play a key role in determining the near-term trajectory for the non-yielding Gold price.

The technical analysis shows a GOLD rejection at the $1,880 level, Gold sellers could fight back the buyers control of the last sessions, prompting a corrective pullback toward the previous day’s low at $1,865. Further declines will challenge the $1,850

הערה: