Traders are waiting for PPI (
Gold may react strongly to the news as economic factors are unpredictable. It will be necessary to follow the actual data and not to trade before the news.
Resistance levels: 2352, 2363, 2378
Support levels: 2328, 2306, 2295
Fundamentally it is still very bad, inflation is high, rate cuts are not expected, in general this scenario lays further strengthening of the dollar. In such a case, gold may continue to correct to the lows.
Regards R. Linda!
Trade active:
Price is headed for a retest of trend resistance amid a weaker dollar
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NO‼️
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Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
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🔴Contact:
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