short term gold to test 1940/35 support
if we have low cpi figures today, gold could push up to 1960 for a final test before a massive profit taking
the low CPI should lead to US Federal Reserve looking to have 1 more rate hike meaning DXY bulls come in to play
if in doubt stay out!!
ultimately wait for the news to cool off see how the market movers digest the data.
potential dxy pump on initial news release, mild profit taking in and around end of London session.
now see if Asia follow the trend or pump dxy, if so early London session will help dxy gain momentum thus helping my narrative of gold sell off from 1940 or 1960
if we have low cpi figures today, gold could push up to 1960 for a final test before a massive profit taking
the low CPI should lead to US Federal Reserve looking to have 1 more rate hike meaning DXY bulls come in to play
if in doubt stay out!!
ultimately wait for the news to cool off see how the market movers digest the data.
potential dxy pump on initial news release, mild profit taking in and around end of London session.
now see if Asia follow the trend or pump dxy, if so early London session will help dxy gain momentum thus helping my narrative of gold sell off from 1940 or 1960