RLinda ! GOLD-> Rollback to retest the liquidity zone

14 Sep 2022

CPI rose 0.1% in August and 8.3% from a year earlier. Gold futures were down 1.5%, hitting their lowest level in a week.
Gold tends to react negatively to interest rate hikes, and this trend looks like it will continue when the Fed meets again in a week.

On the global chart, we see an attempted test of the 1677 liquidity zone, the price fails to reach the important zone by a few dozen pips and forms a pullback. As a result of the news, the price might reach the support - regest to the important zone, but we can assume that the price might reach the 1677 zone soon.

I assume that in the long term gold can test the liquidity zone 1677 and make a false break, after capturing the liquidity to form a strong upward impulse.

Regards R. Linda!