Gold Analysis & Trade Ideas - Tuesday June 13
Market Structure
- HTF: Ranging between 1983 and 1927
- 4H: Bearish, but ranging between 1970 and 1955
Data in focus:
- US CPI at 8:30 (Previous 4.9%, Expected 4.1%)
Economists are forecasting a substantial drop.
- High CPI: Markets will be shocked, start pricing in more rate hikes in future. (USD Bull, Gold Bear)
- Drop from previous, Higher than expected: Markets will likely have a liquidity grab but still optimistic from a drop (USD bear, Gold bull)
- Low CPI: Markets will price in a "pause" and potential rate CUTS sooner (USD bear, Gold Bull)
Trade Ideas:
1. Buy liquidity grab, 1955 retest ( Low CPI: 4.4 - 4.8%)
2. Buy breakout above 1967 (LOW CPI: 4.8% or lower)
3. Breakout above 1983 (Extremely low CPI: 4.1 or lower)
4. Sell rejections from W BOS (CPI slightly lower, unchanged)
5. Sell rejections from 4H Supply (CPI unchanged or higher)
6. Sell breakout below 1955 (CPI higher than expected, higher than previous)
- HTF: Ranging between 1983 and 1927
- 4H: Bearish, but ranging between 1970 and 1955
Data in focus:
- US CPI at 8:30 (Previous 4.9%, Expected 4.1%)
Economists are forecasting a substantial drop.
- High CPI: Markets will be shocked, start pricing in more rate hikes in future. (USD Bull, Gold Bear)
- Drop from previous, Higher than expected: Markets will likely have a liquidity grab but still optimistic from a drop (USD bear, Gold bull)
- Low CPI: Markets will price in a "pause" and potential rate CUTS sooner (USD bear, Gold Bull)
Trade Ideas:
1. Buy liquidity grab, 1955 retest ( Low CPI: 4.4 - 4.8%)
2. Buy breakout above 1967 (LOW CPI: 4.8% or lower)
3. Breakout above 1983 (Extremely low CPI: 4.1 or lower)
4. Sell rejections from W BOS (CPI slightly lower, unchanged)
5. Sell rejections from 4H Supply (CPI unchanged or higher)
6. Sell breakout below 1955 (CPI higher than expected, higher than previous)