Gold Analysis – 13.Feb.2024
Gold Analysis: Well, as you can see and we mentioned it in the previous analysis, today we will have CPI statistics! The predicted rate for CPI Y/Y is 2.9%, if the actual number is higher than the expected rate, we will witness the growth of the dollar index and consequently the heavy fall of gold! Note that this scenario is only valid if the actual rate is higher than the forecast! If this scenario is realized, its targets will be $2020, $2016, $2012, and $2007, respectively! What do you say ?
(This Post on TradingView)
Author : Arman Shaban
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