- Details
- Written by Sywa Sywa
- Last Updated: 13 May 2026 13 May 2026
- Created: 13 May 2026 13 May 2026
On the calendar today is another economic data release from the US !
Today's High Light is the PPI
as usual this is a big mover data, so as any previous big data release.. the market always calm and ranging !
Below is the H1 chart for Gold, the market today is very choppy.. with risk tilt downward (Bearish).
On My Chart Time Frame H1 below the price action is moving downward with possibility of Death Cross, with immediate target of 4674.
Gold has been sideways since last week, which main cause of the Israel Iran War. As We all know the war between Israel and Iran is heavily affecting the oil price, which in turn causing inflation to soar.
This is the crucial moment for Gold because the Fed is planning to reduce interest rate before the war ! But after the war broke out and oil price soaring up, inflation might not return to 2% track, which might delay the interest rates decisions or maybe none at all for this year.
