Flex_Bonacci

GOLD Analysis - Friday April 2023 Pre New York Open

بيع
OANDA:XAUUSD   الذهب / دولار أمريكي
Gold is still Bullish on HTF,
consolidating on daily is currently bouncing between 1982.48 price and 2005.29,
4hr TF we can identify a No trading zone between 1991.01 and 1981.94 with at 89 Pips range
1hr TF Confirm the range zone previously mention on 4hr

ENTRY:
- If a 30 minutes candle close below area 1981.67 I will look for a short entry, targeting the previous Weekly Low
- If a 30 minutes candle close above 1991.01 I will look for a Buy Position targeting the previous Daily High

NEWS 0830 EST -
Core PCE Price Index m/m and
It's the Federal Reserve's primary inflation measure.

Employment Cost Index q/q
Change in the price businesses and the government pay for civilian labor;

Both this news have High Impact on GOLD, Based on Feds release we can measure the people sentiment versus GOLD
I expect GOLD will not move till the news release where will show us the direction
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