Gold Analysis – 14.Aug.2024
Gold Analysis: By Reviewing the 2-hour gold chart, we observe that the price is currently trading around $2473 and today it managed to break above $2477, gathering liquidity above this level. As you know, today we have the CPI data release. If the data comes in higher than the forecast, it could lead to a drop in gold prices, and vice versa, if it comes in lower, it could push gold prices even up to $2500. Be cautious with your trades today and ideally avoid any significant trades from now until at least half an hour after the data release. Good luck!
(This Post on TradingView)
Author : Arman Shaban
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