!! This is not a trading advice. Please do your own analysis. !!!
So CPI comes higher than expected thus DXY goes up and Gold goes down but then sky rockets again. why? Lets ckeck the numbers.
When CPI comes, price goes down to 1822 which is mid point of ascending purple trendline where bulls are. Then it goes up to 1843 which is on 31 March yellow trend line where it meets bears and falls into the box that I mentioned earlier today again.
Anyway, I do not suggest trading right before CPI comes because spread goes wild and xauusd is tend to move like crazy, you might end up with a huge loss.
Feel free to share your opinion.
So CPI comes higher than expected thus DXY goes up and Gold goes down but then sky rockets again. why? Lets ckeck the numbers.
When CPI comes, price goes down to 1822 which is mid point of ascending purple trendline where bulls are. Then it goes up to 1843 which is on 31 March yellow trend line where it meets bears and falls into the box that I mentioned earlier today again.
Anyway, I do not suggest trading right before CPI comes because spread goes wild and xauusd is tend to move like crazy, you might end up with a huge loss.
Feel free to share your opinion.