Gold vs CPI

٧ ديسمبر ٢٠٢١

gold price are again going up from 1760 again
why ?

• weaker nfp
  
• higher cpi (may be 7% this time)
  
• political failure on corona virus
  
• fed panic over 7% inflation
  
• investor fear of recession because of rate hike
  

since biden speech (people have more money in their pocket, infrastructure bill will not cause inflation ) it is going up everyday in nyc session

support 1760 (bottom of the trend)
1776
resistance 1795 (ten year old gold resistance)
1802

٨ ديسمبر ٢٠٢١

ملاحظة

fomo for cpi

٨ ديسمبر ٢٠٢١

ملاحظة

first resistance tested after retest of support 1776