oropuro

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๐Ÿ”น What moved gold this week? #oropuro - โœ… CPI (U.S. inflation โ€” Sep): +3.7% year over year โ†’ higher than expected โ†’ initial downward pressure โ€‹ - โœ… PPI (Producer prices): also higher than expected โ†’ but the market interpreted it cautiously โ€‹ - โœ… U.S. 10-year yield: hovered around 5.00% โ€” it remains goldโ€™s main enemy
๐Ÿ”น What moved gold this week?

#oropuro

- โœ… CPI (U.S. inflation โ€” Sep): +3.7% year over year โ†’ higher than expected โ†’ initial downward pressure
โ€‹
- โœ… PPI (Producer prices): also higher than expected โ†’ but the market interpreted it cautiously
โ€‹
- โœ… U.S. 10-year yield: hovered around 5.00% โ€” it remains goldโ€™s main enemy
ยท
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PAXG/USDT surged strongly to approximately $4,475.37 on Binance; TradingView shows $4,478.04. This represents a rebound close to 3% versus yesterday. I wouldnโ€™t buy now: the price is approaching resistance at $4,600, so entering after this move would have a less favorable risk/reward ratio. The $3,700 zone is still a possible reference, but not a guarantee. #oropuro
PAXG/USDT surged strongly to approximately $4,475.37 on Binance; TradingView shows $4,478.04. This represents a rebound close to 3% versus yesterday.

I wouldnโ€™t buy now: the price is approaching resistance at $4,600, so entering after this move would have a less favorable risk/reward ratio.

The $3,700 zone is still a possible reference, but not a guarantee.
#oropuro
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