XAUUSD is in a bullish consolidation phase, trading within the 4,650–4,750 range. The market is awaiting the outcome of the meeting between Trump and Xi Jinping, as well as the release of the latest economic data.The lack of progress in U.S.-Iran negotiations and rising inflation expectations have increased bets on a Fed rate hike this year. Inflation confirms the impact of the trade war: CPI (3.8% y/y). The data reinforces hawkish expectations. However, Kevin Warsh’s confirmation as Fed chair offers a glimmer of hope. The market is anticipating a rate cut...
Gold is stuck at the lower end of its weekly range, awaiting a catalyst. Key variables include the outcome of the Trump-Xi summit, U.S. retail sales data, and the geopolitical backdrop regarding the conflict in the Middle East.
Technically, gold is consolidating after breaking through global downward resistance. Essentially, the current consolidation is a step toward a strong move...
Resistance levels: 4700, 4720, 4764
Support levels: 4669, 4646
Before rising, the market may test the support cluster located at the bottom of the range—4669, 4646 (a long squeeze would provide an opportunity for growth). However, if the bulls keep the price above 4700, this could become another technical driver for growth
Best Regards, R. Linda!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.