The Gold: What To Do After The Release Of The US Inflation Report?

Gold Stocks Are Looking Interesting As Recessionary Calls Get Louder
Exchange Rates 13.09.2022 analysis

Previous trading tips in gold pointed to a price decrease towards $1675 and below. It was based on the continuation of the downward trend, as well as on the levels left unbroken by buyers at different times.

Exchange Rates 13.09.2022 analysis

Currently, there are two such levels. The first is the monthly high at $1687, while the second is the yearly high at $1675.

Today's data from the US will be decisive for the market. The official report on inflation will certainly affect the plans of the Fed on interest rates.

Exchange Rates 13.09.2022 analysis

Indicators show that there is likely a sell-off during the US trading session.

Exchange Rates 13.09.2022 analysis

There are two possible scenarios:

1. Traders will take short positions, with stop loss at $1734. Then, they will exit the market when the quote reaches $1675.

2. After the release of the US inflation report, traders will sell gold until the price reaches $1675.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks!


Relevance up to 10:00 2022-09-18 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Read more:

Gold Stocks Are Looking Interesting As Recessionary Calls Get Louder

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker regulated by CySec with license number 266/15.


Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). Consequently, InstaForex has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. Besides, the broker ensures the Negative balance protection. So, the reliability and trustworthiness of this broker raise no doubts.


Instaforex offers access to more than 2,500 instruments (Stocks CFDs, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms, trading accounts in EUR, USD, PLN, CZK, GBP.


More information at:

Follow InstaForex on:

Twitter | LinkedIn