✏️ GOLD : Bull or Bear ? (PPI's effect)

13. Juli 2023

Well, as you can see, after yesterday's latest update and the 60 pip price correction, gold faced buying pressure again and managed to grow up to $1963! Now, in half an hour we will have the PPI statistics and unemployment claims in America, which will have a great impact on the price and the market and can bring the price to extreme fluctuations. I don't have many special offers for you today, and it is better to watch the price movements than trading on it . But in general, there are 2 important possibilities, one is that the price from this area will attack the large liquidity pool in the area above $1973, and the other is that if the actual PPI rate is will be announced higher than predicted rate, It may cause rejection of gold from this area!
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Best Regards , Arman Shaban

13. Juli 2023

Anmerkung

Activating SELL ? Let's See!

14. Juli 2023

Anmerkung

By examining gold in the 2-hour time frame, we can see that the price has been corrected since yesterday after reaching the zone of $1963 to $1967 and corrected up to $1952, but it is still within the specified supply range! To determine the next trend, let's wait for stabilization and break of $1973 or move below $1952 and stabilize below this level! Currently, the price has shown a negative reaction to $1960 and there is a possibility of further correction of the price!