GOLD

GOLD

The Fed has a 2% inflation target. Inflation is surging as COVID-19 and the recovery from the pandemic have caused bottlenecks in the supply chain. US Consumer prices jumped 7% year-on-year in December, the largest gain since June 1982, the government said on Wednesday.

As long as the GOLD price stays below 1829, on a four-hourly basis, we will see the daily support level at 1805. On the upside, if the price moves up above 1829, the next support level will be at 1854.

Support : 1805 - 1785 - 1763

Resistance : 1829 - 1854

13 Jan 22 (Thu)

02:43 pm



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