Consumer Price Index Ex Food & Energy, USA

 WHEN: 12 October 2021

WHAT IT INFLUENCES: USD and its subsequent pairs

WHAT'S HAPPENING: The Consumer Price Index (CPI) Ex Food & Energy released by the U.S. Department of Labour Statistics is a measure of price movements by comparing the retail prices of a representative shopping basket of goods and services. Volatile products, such as food and energy, are excluded to capture an accurate calculation. Generally speaking, a high reading is seen as positive or bullish for the USD, while a low reading is negative, or bearish.

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📕 Comment on Gold on 11/10/2021:

In the last hours of last week's trading session, precious metal Gold had bounced to 1781 but then fell back to $26 to 1755, closing the day session with a bullish candle with a long beard.  along with it is also closing the weekly candle with a bearish candle.  With the closing of the weekly candle as well as the daily candle, it shows that the upward force is weakened, so in my opinion at the beginning of today's session, the selling pressure of this precious metal will appear, selling priority will be today's strategy.

 - Moving to the H4 time frame, we can see that apart from the last weekend's sweeping candle, the range is still in the sideways zone and has not shown any signs of breaking out.  So around 1765 is still an area where we can establish a sell position with the target being the lower band of this sideway 1750-1755.

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📕 Comment on Gold on October 8, 2021

In yesterday's trading session, precious metal Gold had a day going as the selling strategy suggested when it dropped from 1766 to 1751 and closed the day with a bearish candle around 1755. What if we  Looking at the chart of the last 4 trading sessions, precious metal Gold has days of ups and downs, but is still in an accumulation range and hasn't seen much change in price.  So in my personal opinion, in the beginning of today's session we are still trading in this sideways range.

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Comment on Gold on 07/10/2021

 In the trading session yesterday precious metal had 1 day gained from 1746 to 1765, ending the day with a gaining candle around 1762. With many candles withdrawing foot on the day chart for the past 3 days - Currently on the H4 time frame we can see the golden precious metal is plagued around 1765, this is also MA20 on the day's chart and according to my ability to have a small adjustment here. 

The gold price area can be adjusted to be around 1755-1758. Here we can establish a status of buying with gold precious metal with safety goals 1765 and expect 1775.

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