Fundamental Description: Gold was down during early hours in Asia, hitting its lowest level since February 11, as investors eyed the rising dollar and inflation data. " I know that families all across America are hurting because of inflation,” U.S. President Joe Biden said in a speech a day before the release of Consumer Price Index (CPI) data.
Technical View: The Technical Confluences Detector shows that the Gold Price is testing the bullish commitments at critical support of $1,836. On the upside, any recovery could gain momentum only on a sustained break above the previous high in four-hour time frame at $1,851 could be tested.
Alternate Scenario: Further down, sellers will target the pivot point at $1,822. The last line of defense for gold bulls is seen at $1,817.
Technical View: The Technical Confluences Detector shows that the Gold Price is testing the bullish commitments at critical support of $1,836. On the upside, any recovery could gain momentum only on a sustained break above the previous high in four-hour time frame at $1,851 could be tested.
Alternate Scenario: Further down, sellers will target the pivot point at $1,822. The last line of defense for gold bulls is seen at $1,817.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.