How to trade the U.S. Core Consumer Price Index (CPI) MoM on November 14, 2023, based on statistical data

Release Date || Time || Actual || Forecast || Previous
October 12, 2023 (September) || 8:30 || 0.3% || 03%
September 13, 2023 (August) || 08:30 || 0.3% || 0.2% ||
August 10, 2023 (July) || 08:30 || 0.2% || 0.2% || 0.2%
July 12, 2023 (June) || 08:30 || 0.2% || 0.3% || 0.4%
June 13, 2023 (May) || 08:30 || 0.4% || 0.4% || 0.4%
May 10, 2023 (April) || 08:30 || 0.4% || 0.4% || 0.4%
April 12, 2023 (March) || 08:30 || 0.4% || 0.4% || 0.5%
March 14, 2023 (February) || 08:30 || 0.5% || 0.4% || 0.4%

On March 14, 2023 (February), the actual value was 0.5%, which was greater than the forecast value of 0.4%. As a result, the price of gold dropped, indicating a bearish trend.

On April 12, 2023 (March), the actual value was 0.4%, which was equal to the forecast value of 0.4%.
This caused the price of gold to fluctuate before finally dropping, indicating a bearish trend.

On May 10, 2023 (April), the actual value was 0.4%, which was equal to the forecast value of 0.4%. This caused the price of gold to move sideways before finally dropping, indicating a bearish trend.

On June 13, 2023 (May), the actual value was 0.4%, which was equal to the forecast value of 0.4%. This caused the price of gold to move sideways before finally dropping, indicating a bearish trend.

On July 12, 2023 (June), the actual value was 0.2%, which was less than the forecast value of 0.3%. This caused the price of gold to increase, indicating a bullish trend.

On August 10, 2023 (July), the actual value was 0.2%, which was equal to the forecast value of 0.2%. This caused the price of gold to move sideways before finally dropping, indicating a bearish trend.

On September 13, 2023 (August), the actual value was 0.3%, which was greater than the forecast value of 0.2%. This caused the price of gold to drop during the news, indicating a bearish trend.

On October 12th, 2023, the actual percentage for gold was 0.3%, which was the same as the forecasted percentage. This caused the price of gold to decrease, both during and after the news, resulting in a bearish trend.

Moving forward, on November 14th, 2023, the following forecast will be expected:

  1. If the actual data released is 0.3%, then you can expect gold prices to fluctuate. Keep an eye on the key resistance levels and sell when there is a price rejection.

  2. If the actual data released is less than 0.3%, then you can expect the price of gold to increase, indicating a bullish trend.

  3. If the actual data released is greater than 0.3%, then you can expect the price of gold to decrease, indicating a bearish trend.