Time to buy gold - consolidation above $1365 will open the path to $1430

GOLD

What will happen next with USD dollar, while yields curve rising amid expectations of soon Fed rate hike? Many have started talking about the dollar's reversal, and we too were inclined to this scenario, taking into account the oversold USD levels and minimums since 2014. That is why the trading day in the middle of the week - Wednesday, was so important or rather the statistical data on consumer inflation, which were published that day and set the medium-term direction for the currency and equity markets.
Data on US consumer inflation is a very important indicator, the one is primarily taken into account by the American regulator when deciding whether to raise the interest rate (along with GDP data and the labor market data). Markets believe that weak inflation is the only factor that can have a restraining effect on the Fed's plans to raise the rate at least three times in 2018.
On Wednesday, February 14, gold overcame the distance from the support level at $1325 to the annual highs set in January 2018 around $1357 mark after the release of US statistics.
Entry Point Buy above breakout of $1366, Targets 1394$ and 1430$