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what happens when inflation go back to 2% fed target ?
Gold Spot / U.S. Dollar
Long
what happens when inflation go back to 2% fed target ?
By Sangam-Agarwal
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Updated
Nov 15, 2023
5
Nov 13, 2023
gold price are coming down from high 2009
price made new low 1931 after fed said we will not hesitate’ to tighten again if needed
hawkish fed almost killed gold last week
this week cpi will decide major change in gold price
falling wedge chart pattern is completed
lower trend line tested
break above 1971 will confirm trend reversal
Nov 15, 2023
Comment
Breakout before CPI then more upside after CPI by crowds after reading news
breakout
Gold
h4
Trend Lines
Wedge
XAUUSD
Sangam-Agarwal
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