Gold prices were volatile during the New York trading session on Thursday (September 11) due to the influence of the US CPI index and initial data on unemployment benefits applications. 
XAUUSD price has recovered strongly during today's Asian session (September 12) and is currently trading at 3,647 USD/oz.
Very weak initial U.S. jobless claims data eased concerns over inflation data. The likelihood of a Federal Reserve rate cut next week remains high, supporting gold prices and recouping most of the day’s losses.
Data released by the U.S. Bureau of Labor Statistics on Thursday showed the consumer price index (CPI) rose more than expected in August from the previous month, but the year-over-year increase was in line with expectations.
The data showed that the CPI rose 0.4% month-over-month in August, beating the 0.3% forecast by economists surveyed by Dow Jones. However, the 2.9% year-over-year increase was in line with expectations. Moreover, the core CPI, which excludes the more volatile food and energy components, rose 0.3% month-over-month and 3.1% year-over-year, both in line with Dow Jones' forecasts.
Meanwhile, the US labor market is showing signs of slowing: weekly jobless claims unexpectedly jumped on Thursday after jobs growth data was revised down earlier this week. In the week ending September 6, initial jobless claims rose 27,000 to a seasonally adjusted 263,000, the highest since October 2021, far exceeding market expectations of 235,000.
Initial data on unemployment claims 'saved'XAUUSD
Gold rallies after finding support at the 0.382% Fibonacci extension trendline note to readers in yesterday's issue.
The rally has now just cleared the 0.50% Fibonacci level, which provides the initial conditions for a possible retest of the all-time high at the 0.618% Fibonacci level.
The technical structure has not changed much with the uptrend dominating the market, from the uptrend channel as the main trend, the main support from EMA21 while RSI has not shown any signal for the possibility of a price decrease.
Therefore, the technical chart summary is completely uptrend and the notable price points during the day will be listed as follows.
Support: 3,613 - 3,600 USD
Resistance: 3,645 - 3,677 USD
SELL XAUUSD PRICE 3682 - 3680⚡️
↠↠ Stop Loss 3686
→Take Profit 1 3674
↨
→Take Profit 2 3668
BUY XAUUSD PRICE 3530 - 3532⚡️
↠↠ Stop Loss 3526
→Take Profit 1 3538
↨
→Take Profit 2 3544
XAUUSD price has recovered strongly during today's Asian session (September 12) and is currently trading at 3,647 USD/oz.Very weak initial U.S. jobless claims data eased concerns over inflation data. The likelihood of a Federal Reserve rate cut next week remains high, supporting gold prices and recouping most of the day’s losses.
Data released by the U.S. Bureau of Labor Statistics on Thursday showed the consumer price index (CPI) rose more than expected in August from the previous month, but the year-over-year increase was in line with expectations.
The data showed that the CPI rose 0.4% month-over-month in August, beating the 0.3% forecast by economists surveyed by Dow Jones. However, the 2.9% year-over-year increase was in line with expectations. Moreover, the core CPI, which excludes the more volatile food and energy components, rose 0.3% month-over-month and 3.1% year-over-year, both in line with Dow Jones' forecasts.
Meanwhile, the US labor market is showing signs of slowing: weekly jobless claims unexpectedly jumped on Thursday after jobs growth data was revised down earlier this week. In the week ending September 6, initial jobless claims rose 27,000 to a seasonally adjusted 263,000, the highest since October 2021, far exceeding market expectations of 235,000.
Initial data on unemployment claims 'saved'
XAUUSD Gold rallies after finding support at the 0.382% Fibonacci extension trendline note to readers in yesterday's issue.
The rally has now just cleared the 0.50% Fibonacci level, which provides the initial conditions for a possible retest of the all-time high at the 0.618% Fibonacci level.
The technical structure has not changed much with the uptrend dominating the market, from the uptrend channel as the main trend, the main support from EMA21 while RSI has not shown any signal for the possibility of a price decrease.
Therefore, the technical chart summary is completely uptrend and the notable price points during the day will be listed as follows.
Support: 3,613 - 3,600 USD
Resistance: 3,645 - 3,677 USD
SELL XAUUSD PRICE 3682 - 3680⚡️
↠↠ Stop Loss 3686
→Take Profit 1 3674
↨
→Take Profit 2 3668
BUY XAUUSD PRICE 3530 - 3532⚡️
↠↠ Stop Loss 3526
→Take Profit 1 3538
↨
→Take Profit 2 3544
注释
🔴Spot gold rose to $3,689.27 an ounce at one point, setting a new all-time high, up nearly 0.2% on the day.注释
注释
After reaching a historic peak of 3,707.35 USD/oz, gold prices reversed and fell nearly 1% to 3,659.79 USD as Fed Chairman Jerome Powell affirmed that he would "cut interest rates with each meeting", sending a cautious signal and creating a profit-taking mentality.注释
🔴Spot gold price decreased by 14 USD in the short term, currently at 3634.78 USD/ounce, down 0.25% on the day.
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🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+kR8dk9GBHEJjY2Nl
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+kR8dk9GBHEJjY2Nl
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。