Yesterday, the Tokyo market was closed, and gold reached a high price. However, it later started to fall.
On the daily candlestick chart, a Doji candlestick has appeared at a high level. This can be a sign that gold has reached a short-term peak
Today, the U.S. Consumer Price Index (CPI) will be announced. If the data shows that inflation is still strong, gold prices may drop further. However, political uncertainty under the Trump administration continues. Gold is still in an overall upward trend, so this may be just a temporary adjustment.
Expected Gold/Dollar Price Range: 2920 – 2875
Note: The information above does not guarantee any profits. Please make your own decisions when trading.