Relevance up to 16:00 2021-02-24 UTC+3
CPI +0.9% vs +0.9% y/y prelim
That said, it needs to be put into context as the German VAT changes and CO2 tax introduction has played a key role in inflating the numbers to start the new year.
Further Development
Analyzing the current trading chart of Gold, I found that Gold is working in the upside channeling mode but it looks very corrective.
Key resistance is set at $1,820
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Petar Jacimovic,
Analytical expert
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