What do you think? Bullish or bearish on XAU tonight?
US CPI data is coming tonight, and gold could see increased volatility around the release.
If inflation comes in higher than expected, gold may face some downside pressure. A softer-than-expected CPI could support gold and push prices higher.
🔎 What do you think? Bullish or bearish on gold tonight?Share your view below 👇
According to my Ai analyst, the sentiment is neutral, so we don't expect to see significant move on Gold tonight
emilyhui posted:US CPI data is coming tonight, and gold could see increased volatility around the release.
If inflation comes in higher than expected, gold may face some downside pressure. A softer-than-expected CPI could support gold and push prices higher.
🔎 What do you think? Bullish or bearish on gold tonight?Share your view below 👇
I’d be careful chasing gold right into the CPI release. The initial move can be pretty sharp and sometimes the first reaction gets reversed once the market digests the details.
Bullish
OrlandoGT posted:emilyhui posted:US CPI data is coming tonight, and gold could see increased volatility around the release.
If inflation comes in higher than expected, gold may face some downside pressure. A softer-than-expected CPI could support gold and push prices higher.
🔎 What do you think? Bullish or bearish on gold tonight?Share your view below 👇
I’d be careful chasing gold right into the CPI release. The initial move can be pretty sharp and sometimes the first reaction gets reversed once the market digests the details.
Yes, exactly! I also rarely trade during major news releases. The potential profit can be huge, but the risk is also much higher. I’d rather wait for the market to settle and then look for a clearer setup. 😊
