🔔🔔🔔Gold news:
➡️ Gold (XAU/USD) climbed to $3,250 as weaker U.S. inflation data boosted market sentiment; however, gains were capped by the Federal Reserve's stance, with the central bank expected to implement only two rate cuts in 2025—less than the previously anticipated 100 basis points. April's slight dip in CPI eased pressure on the U.S. dollar, though the immediate impact of tariffs remained limited. Analysts warn that inflation could rise again as tariffs gradually push up the cost of goods.
Personal opinion:
➡️ Although the US economic data was weaker than expected, it was still not enough to push gold prices above 3270 and maintain the current downtrend. Today, there was no economic data that strongly impacted gold prices, so it may continue to decline slightly at 3200.
➡️ Analysis based on important resistance - support levels combined with EMA and trend lines to come up with a suitable strategy.
Personal Plan:
🔆Price Zone Setup:
👉Sell Gold 3275 - 3278
❌SL: 3282 | ✅TP: 3271 - 3266 – 3260
👉Buy Gold 3208 - 3205
❌SL: 3200 | ✅TP: 3212 - 3216 – 3220
FM wishes you a successful trading day 💰💰💰
➡️ Gold (XAU/USD) climbed to $3,250 as weaker U.S. inflation data boosted market sentiment; however, gains were capped by the Federal Reserve's stance, with the central bank expected to implement only two rate cuts in 2025—less than the previously anticipated 100 basis points. April's slight dip in CPI eased pressure on the U.S. dollar, though the immediate impact of tariffs remained limited. Analysts warn that inflation could rise again as tariffs gradually push up the cost of goods.
Personal opinion:
➡️ Although the US economic data was weaker than expected, it was still not enough to push gold prices above 3270 and maintain the current downtrend. Today, there was no economic data that strongly impacted gold prices, so it may continue to decline slightly at 3200.
➡️ Analysis based on important resistance - support levels combined with EMA and trend lines to come up with a suitable strategy.
Personal Plan:
🔆Price Zone Setup:
👉Sell Gold 3275 - 3278
❌SL: 3282 | ✅TP: 3271 - 3266 – 3260
👉Buy Gold 3208 - 3205
❌SL: 3200 | ✅TP: 3212 - 3216 – 3220
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.