GOLD BULLISH PATTERN AND TREND CONTINNUE ALERT!Hey to all my followers.
there is the scenerio for now gold is going to the level of 2950 level and 2955 so wait for gold fake out and then market is fall down and if you see there is FVG in H1 so market goes for sell and then we see again GOLD pump.
TODAY is PPI news so we see big move in market so maybe gold respect this FVG and buy side target areas
2970 2980 3000
follow my idea and use proper risk management 1:2 ratio
Ppinews
What is the Producer Price Index (PPI) ?
🔍 Definition: Producer Price Index (PPI)
📍 Measures the average price change over time received by domestic producers for their goods and services.
📍 Indicates inflation trends at the wholesale level.
🚨 C ompilation:
📍 Based on thousands of price indexes categorized by industry and product types.
📌 Data Collection:
✅Relies on ~100,000 monthly price quotes provided voluntarily by 25,000 producer establishments.
⚠️ Release Timing:
📍 Published monthly by the U.S. Bureau of Labor Statistics (BLS) during
the s econd week of the month .
📌 Economic Significance:
🟢 Rising PPI: Suggests increasing production costs, potential inflationary pressures.
🔵 Falling PPI: Implies reduced cost pressures and possible deflationary signals.
🔥 How Many Moment Expected in Gold : 100-150 PIPS
( EASY TO TRADE BECAUSE FOLLOW TECHNICAL)
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