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Higher CPI should boost demand on the Yellow Metal – GOLD Market Outlook – 13/10/2020

Increasing geopolitical tensions is keeping lower prints on the yellow metal supported with the EU agreeing on new Russia sanctions and the U.S. advancing three arms sales packages to Taiwan, fueling China-Taiwan tensions. All eye’s today on Core CPI data, as a pickup in inflationary pressures should boost demand on the yellow metal, looking for an hourly close above 1920 to confirm bullish momentum.

Support: 1900/ 1880
Resistance: 1920/ 1940

SquaredFinancial Daily Market Outlook

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SquaredFinancial Review

Tuesday, 13 Oct, 2020 / 8:11

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Source : https://www.squaredfinancial.com/learn/daily-market-outlook/higher-cpi-should-boost-demand-on-the-yellow-metal-gold-market-outlook-13-10-2020

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