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GOLD COLLAPSES AFTER HITTING 2940 – TREND REVERSAL AHEAD?
v
Obecné
Feb 20 at 04:49
Gold is testing the critical 2910 level, and how it reacts during the European session will be crucial for determining the next move. If it fails to reclaim 2910, a further decline is possible, with 2900 as a target. However, a rebound from 2887-2885 could offer buying opportunities. Given the volatility expected, staying cautious and using tight stop losses is key. What’s your take — will gold break down further or bounce back from here?
GOLD AT CRITICAL SUPPORT – WILL CPI PUSH IT HIGHER OR LOWER?
v
Obecné
Feb 20 at 04:46
It looks like gold is at a critical juncture ahead of the CPI release. Given the mixed risk sentiment and the Fed's current stance, I’m leaning toward watching how gold reacts around 2910 for potential breakout or rejection. If inflation remains sticky, gold could face resistance and pull back, but if CPI surprises to the downside, it could drive gold higher. The key today is staying nimble, with tight stop losses due to the potential volatility spikes. Looking for price action around 2915-2917 to consider a short and watching 2840-2838 for potential buying opportunities.
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