Tony_barry

Gold trend analysis

Long
Tony_barry Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold prices struggled on Wednesday, with investors on the sidelines ahead of key U.S. inflation data that could provide more clues about the Federal Reserve's monetary policy stance. The latest U.S. inflation data due tomorrow will be an important point of reference when the Fed meets next month, when the committee will decide whether to continue raising interest rates or whether inflation is currently on a downward trajectory enough for the Fed to keep rates on hold. I am still bullish on the price of gold going up tomorrow
trading signal:
gold:buy 1905-1910 tp 1920-1925

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Today will usher in the CPI data of the United States in July. This is the focus of the market this week. At the same time, the data changes in the number of people applying for unemployment benefits in the United States also need to pay attention. These data may provide more clues for the Fed's monetary policy stance
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gold:buy 1905-1910 tp 1920-1925
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