XAUUSD has been rising for the fifth consecutive day amid a weakening dollar and expectations of a dovish Fed policy. The market is testing intermediate resistance before reaching ATH. 
The Fed cut rates by 25 basis points, but the market expects two cuts in 2026, not one, as stated in the regulator's forecasts. The possible appointment of a new “dovish” Fed chair is putting pressure on the dollar. The increase in US unemployment claims (to 236K) confirms fears of a slowdown in the labor market.
Tomorrow, US employment (NFP) and retail sales data will be released, followed by inflation (CPI) data on Thursday. Friday: Bank of Japan decision.
The results could significantly adjust expectations for interest rates.
The upward trend in gold continues, but its stability will be tested by macro data. Weak employment and inflation figures will support growth, while strong data could trigger a correction.
Resistance levels: 4353, 4380, 4400
Support levels: 4329, 4305
The market may consolidate before breaking through the nearest resistance. Locally - 4333, 4329, 4318. The bullish trend may continue afterwards.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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