CPI DATA SCENERIO 1 (DROP IN CPI DATA)
- Lower inflation printing than 0.4%
- Dollar weakness
- Bullish gold, equities and even crypto
- FED weakening stance
- Hints of slowing rates for DEC and months to come
If inflation prints lower than that of the previous month of 0.4%, we will be looking at bullish continuations in gold as the institutions have already priced in their buys from the lows. As they have received news beforehand that the prints will be lower at 9:30pm with FED pivots in play slowing rate hikes to 50 BPS in months to come. Breaking above the all-time resistance of 1730 KL could signify a change of market structure of gold if accompanied with low inflation prints.
- Dollar weakness
- Bullish gold, equities and even crypto
- FED weakening stance
- Hints of slowing rates for DEC and months to come
If inflation prints lower than that of the previous month of 0.4%, we will be looking at bullish continuations in gold as the institutions have already priced in their buys from the lows. As they have received news beforehand that the prints will be lower at 9:30pm with FED pivots in play slowing rate hikes to 50 BPS in months to come. Breaking above the all-time resistance of 1730 KL could signify a change of market structure of gold if accompanied with low inflation prints.
Comentarios:
As per analysis , price played out to the T and went as planned with scenerio 1 whereby we said if there were improvements in inflation data , gold will be heading up