Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
XAUUSD to reach 2500?
Gold Spot / U.S. Dollar
Long
XAUUSD to reach 2500?
By JinDao_Tai
Follow
Follow
Aug 14
1
1
Cheer
Cheer
Aug 14
Currently trading just under the 2475 price level, with the US CPI due to be released later
Look for possible downside on the DXY which could, due to its inverse relationship, drive gold higher.
If the price breaks above the 2480 price level, the next resistance would be at 2500 as a round number and psychological barrier.
CPI
DXY
Fundamental Analysis
Gold
Technical Indicators
inflation
Trend Analysis
USD
XAUUSD
JinDao_Tai
Follow
Follow
Join my mailing list
jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.