🟡 XAUUSD (1H) Setup
• Setup: Rejection at channel resistance (4,420) -> SELL; Break and retest at 4,500 -> BUY 📈📉
• Confirmation: Wait for a clear rejection or breakout confirmation on the 1H candle 🛡️✓
• Setup: Rejection at channel resistance (4,420) -> SELL; Break and retest at 4,500 -> BUY 📈📉
• Confirmation: Wait for a clear rejection or breakout confirmation on the 1H candle 🛡️✓
🇨🇦 Canada CPI Inflation Data
Canada will release CPI m/m, Median CPI y/y, and Trimmed CPI y/y. Together, these figures provide a broader picture of consumer inflation and underlying price pressures in the Canadian economy.
📌 Market Impact: Higher-than-expected inflation can support the CAD and increase expectations for tighter Bank of Canada policy, while weaker inflation may pressure the Canadian Dollar. Expect volatility in USD/CAD, CAD/JPY, and EUR/CAD around the release. 📈📉
Canada will release CPI m/m, Median CPI y/y, and Trimmed CPI y/y. Together, these figures provide a broader picture of consumer inflation and underlying price pressures in the Canadian economy.
📌 Market Impact: Higher-than-expected inflation can support the CAD and increase expectations for tighter Bank of Canada policy, while weaker inflation may pressure the Canadian Dollar. Expect volatility in USD/CAD, CAD/JPY, and EUR/CAD around the release. 📈📉