Gold traders and investors are acutely aware of the dynamic impact that tomorrow’s CPI report will have on multiple financial sectors , including gold prices . Gold futures basis, the most active April contract traded to a higher low, and a lower high than Friday. Although gold is trading fractionally higher than Friday’s close, today’s trading range and the open and closing prices have formed a Japanese candlestick called a “doji” which means “the same thing” in Japanese.
A doji (dо̄ji) is the name given to a trading session (on a daily chart) in which the opening and closing levels are virtually equal. This is represented by a candlestick on a chart that looks like a plus sign, although it can contain longer or shorter wicks to either side or both. Based on this shape, market technicians make assumptions about price behavior. A doji generally signals either a trend reversal indication for analysts, but it can also signal indecision (consolidation) about future price
Gold Traders Investors CPI Report Financial Sectors Gold Prices Gold Futures Doji Candlestick Pattern Trend Reversal Indecision
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