πβ¨ **Gold Market Outlook:** β¨π
Gold wrapped up the week with a strong bullish momentum, hinting at a potential breakthrough of a significant daily resistance cluster. π Looking ahead, a bullish breakout above the **2361 level** accompanied by a daily candle closing above it could fuel a powerful uptrend, aiming for the **2391 level**. π°πͺ
π However, if the market fails to breach 2361 and instead closes below **2339**, a shift to a stronger bearish trend might be on the horizon, signaling the emergence of a notable selling pattern. πβ οΈ
Stay tuned for updates as we navigate through these critical levels! ππΌ #GoldAnalysis #MarketInsights
Gold wrapped up the week with a strong bullish momentum, hinting at a potential breakthrough of a significant daily resistance cluster. π Looking ahead, a bullish breakout above the **2361 level** accompanied by a daily candle closing above it could fuel a powerful uptrend, aiming for the **2391 level**. π°πͺ
π However, if the market fails to breach 2361 and instead closes below **2339**, a shift to a stronger bearish trend might be on the horizon, signaling the emergence of a notable selling pattern. πβ οΈ
Stay tuned for updates as we navigate through these critical levels! ππΌ #GoldAnalysis #MarketInsights
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ππ― Bearish Alert: Setting Our Sights Lower! π―π
Update: We've hit 2332, and now we're at 2335. πβ¨ As predicted, if that daily candle closes below 2339, we're gearing up for the next move down. ππ₯ Keep your eyes glued to the chart β the journey continues! ππΌ #TradingInsights #BearishTargets π»
ππ― Bearish Alert: Setting Our Sights Lower! π―π
Update: We've hit 2332, and now we're at 2335. πβ¨ As predicted, if that daily candle closes below 2339, we're gearing up for the next move down. ππ₯ Keep your eyes glued to the chart β the journey continues! ππΌ #TradingInsights #BearishTargets π»
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β
CPI News Tomorrow π₯π₯π
π°What Is the Consumer Price Index (CPI)?
π°The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers.
π°The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending
π°The CPI is one of the most popular measures of inflation and deflation.
π°The CPI report uses a different survey methodology, price samples, and index weights than the producer price index (PPI), which measures changes in the prices received by U.S. producers of goods and services
π°What Is the Consumer Price Index (CPI)?
π°The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers.
π°The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending
π°The CPI is one of the most popular measures of inflation and deflation.
π°The CPI report uses a different survey methodology, price samples, and index weights than the producer price index (PPI), which measures changes in the prices received by U.S. producers of goods and services
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