GOLD - Consolidation above 5000 ahead of news...
XAUUSD is consolidating around $5,000 in anticipation of key macroeconomic data from the US, which will determine its further direction. Will the bullish sentiment continue?
The USD is strengthening thanks to the Fed's hawkish minutes and strong labor market data.
The escalation of risks of a US strike on Iran and Trump's tough rhetoric are keeping gold buyers in the game. The market is also still pricing in three rate cuts this year, despite the Fed's cautious tone, which generally supports interest in gold.
Today we are awaiting US GDP for Q4: forecast to slow to 3%. PCE inflation (the Fed's favorite indicator): forecast to rise to 2.9%.
Supreme Court verdict on Trump's tariffs.
PMI business activity indices (global background).
The outcome of today's data will determine whether it can consolidate above $5,000 or will return to pressure. Key signal — market reaction to PCE inflation
Resistance levels: 5046, 5090, 5100
Support levels: 5020, 5000, 4988
If the bulls keep the price above the trend line and above the support level of 4988-5000, the market may experience strong support before continuing its growth. Otherwise, gold will continue to form a wide flat: 5050 - 4950 - 4900... Further dynamics depend on economic and geopolitical data.
Best regards, R. Linda!
Operación activa
Operación cerrada: objetivo alcanzado
🌹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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
🌹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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.