


Tarsi_Fx
EssentialIn Friday we have some impact news so be careful. (High volatility)
GOLD update after CPI data. Previous sentiment was GOLD bears USD strong but the CPI shifted the sentiment so we need to be adaptive and change the bias. Right now GOLD buys.
After the improvements in CPI from USA the actually sentiment in the market is USD weakness vs EUR GBP.
Current price respected 1720-1721 and 1715. I would like the scenario that GOLD retests the 1720 zone before starting to melt.
Right now we have GBP stronger than JPY, but it will be possible to see a deeper pullback to collect more buy orders.
Gold is positioning in a better sell zone for the CPI data.
Same idea like GOLD if USD is getting strong we play EURUSD sells if not we will take buys.
Buys vs sells. If the dollar is soft we will take buys if the dollar is strong we will play sells DXY and USDCAD close monitoring too.