XAUUSD – Week 08/09 to 12/09, CPI & PPI in Focus
Good day Traders,
Gold posted a notable advance last week, recording new highs on a near-daily basis. While this type of price action is not unprecedented, it has introduced an element of caution to the market. Investor sentiment remains firmly skewed towards the long side, reaffirming gold’s position as a key safe-haven asset.
Fundamental Outlook
Attention this week will centre on the release of US CPI and PPI data. These figures will be critical in assessing the financial health of the US economy and could directly shape the Federal Reserve’s decision on a potential rate cut in September.
Technical Outlook
Price has already surpassed the Fibonacci 1.618 extension, with the next upside projection aligning near the 2.618 level at 3687.
Prior to reaching this objective, a modest retracement into nearby FVG (Fair Value Gap) zones is possible.
On a longer-term horizon, the 3467 – 3475 region is highlighted as a constructive area for accumulation, supported by the confluence of FVG, Dibo and Volume Profile.
Trading Scenarios
Upside Bias: Long positions remain the preferred approach. The 3467–3475 area offers a technically favourable entry zone for those with a longer-term outlook.
Downside Case: Short exposure should only be considered upon evidence of a reversal structure, with confirmation via a break below 3510, or rejection from the 2.618 Fibonacci extension.
Final Thoughts
For the week ahead, gold continues to be best approached from the long side. Nevertheless, traders should closely monitor price reactions at the identified technical levels and adjust accordingly. With key macroeconomic releases imminent, maintaining disciplined risk management remains essential.
Good day Traders,
Gold posted a notable advance last week, recording new highs on a near-daily basis. While this type of price action is not unprecedented, it has introduced an element of caution to the market. Investor sentiment remains firmly skewed towards the long side, reaffirming gold’s position as a key safe-haven asset.
Fundamental Outlook
Attention this week will centre on the release of US CPI and PPI data. These figures will be critical in assessing the financial health of the US economy and could directly shape the Federal Reserve’s decision on a potential rate cut in September.
Technical Outlook
Price has already surpassed the Fibonacci 1.618 extension, with the next upside projection aligning near the 2.618 level at 3687.
Prior to reaching this objective, a modest retracement into nearby FVG (Fair Value Gap) zones is possible.
On a longer-term horizon, the 3467 – 3475 region is highlighted as a constructive area for accumulation, supported by the confluence of FVG, Dibo and Volume Profile.
Trading Scenarios
Upside Bias: Long positions remain the preferred approach. The 3467–3475 area offers a technically favourable entry zone for those with a longer-term outlook.
Downside Case: Short exposure should only be considered upon evidence of a reversal structure, with confirmation via a break below 3510, or rejection from the 2.618 Fibonacci extension.
Final Thoughts
For the week ahead, gold continues to be best approached from the long side. Nevertheless, traders should closely monitor price reactions at the identified technical levels and adjust accordingly. With key macroeconomic releases imminent, maintaining disciplined risk management remains essential.
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t.me/+PNA9TDWpr_80ZGQ1
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🔥 BrianLionCapital – Where Top Traders Unite
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+PNA9TDWpr_80ZGQ1
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.