Disliked{quote} GOLD Watching for price to RT the BO of ATH zone. $2,147. Wait for this confirmation for the RT as it has been 9 daily bull and it may want to RT the BO zone, before continue trending with gold going higher. On intraday this indeed looks Bullish but I personally think that it'll likely retest the STH/ BO zone later. This could come from a news event that supports gold, like tomorrow's US CPI report. If the report shows a significant difference from expectations, it could lead to a more cautious approach by the Fed, which might weaken the...Ignored
Update scalping position
Gold decline after ni9e consecutive trading days of gains, remains within a consolidative phase near the $2,175 mark.
This correction comes subsequent to its recent peak at $2,195, which was prompted by a temporary pause in the downtrend of the US Dollar, coupled with stability in US Treasury bond yields.
Looking forward for next catalyst for the gold market is the upcoming release of the US Consumer Price Index (CPI) data .
The US Dollah is presently undergoing a period of consolidation to the downside in anticipation of this critical inflation indicator.
This focus on inflation is heightened following a significant downward adjustment to the January Nonfarm Payrolls figure and a series of lackluster economic reports from the United States.
I come from the future.
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