GOLD (XAUUSD): Bearish Outlook After CPI 🥇

١٢ أكتوبر ٢٠٢٣

https://www.tradingview.com/x/EHx8vNQd/

Gold reached an important horizontal daily resistance.
Approaching that the price violated a support of the rising wedge pattern
on an hourly time frame after a CPI release.

I expect a bearish movement to a support line of a rising channel now.
Its bearish breakout, will push the prices even lower.

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