10:39, 10 June
A slight selling trend was observed in the Asian session. The US CPI and the European Central Bank (ECB) interest rate decision, which will be announced today, are the most important data monitored by the market for Yellow Metal. Since the high inflation data may force the FED to take action (such as reducing the bond purchase program / including the interest rate hike in the meeting topics), the price volatility in Gold Ounces may increase.
- It can be traced above as the 1900 resistance zone.
- If the 1880 support zone is broken below, the 1873 support zone can be tested.
- Resistance: 1900 – 1917 – 1928
- Support: 1880 – 1873 – 1855