#GOLD
Chart of the day: Gold price faces crucial $4,200 breakout test as US CPI looms
Gold buyers are fighting back but the region around $4,200 to $4,220 holds the key to a bigger upside move
The $4,200 mark has been a key battleground for gold in the past two weeks, and it could once again be part of the trading action today. The precious metal will face up against a big test from the US CPI report, with the inflation numbers having the potential to draw a broader market reaction that could impact gold.
While there are watchful eyes on the figure level, there's a little more to the technical picture than just that.
Chart of the day: Gold price faces crucial $4,200 breakout test as US CPI looms
Gold buyers are fighting back but the region around $4,200 to $4,220 holds the key to a bigger upside move
The $4,200 mark has been a key battleground for gold in the past two weeks, and it could once again be part of the trading action today. The precious metal will face up against a big test from the US CPI report, with the inflation numbers having the potential to draw a broader market reaction that could impact gold.
While there are watchful eyes on the figure level, there's a little more to the technical picture than just that.