🟡 Is Gold Preparing for a Breakout — or a Trap? Let’s break down the latest market data 👇
⸻
🟥 1. U.S. Inflation News (PPI & Core PPI)
Report Previous Forecast Actual
Monthly PPI 0.1% 0.2% 0.0%
Core PPI 0.1% 0.2% 0.0%
📉 Result: Very bearish for the U.S. dollar
→ Inflation is cooling
→ Fed may pause rate hikes
→ Interest rates could stabilize or drop
→ And gold loves that kind of setup 😍
⸻
🟫 2. U.S. Crude Oil Inventory Report
Report Previous Forecast Actual
Crude Oil Inventories +7.07M –1.80M –3.85M
🟢 Result: Very bullish for oil
→ Energy demand is higher than expected
→ Inflation could creep back up due to rising oil prices
→ That makes investors run to gold as a hedge against inflation 🔥
⸻
🧠 Technical & Market Outlook for XAU/USD:
📈 Gold pushed from $3,319 to $3,377
↩️ Now it’s in a pullback, testing Fibonacci levels:
• 38% retracement near $3,350
• 61% retracement near $3,339
📉 But… these pullbacks are happening with positive delta and absorption → which signals smart buying from below 👀
✅ Additional signs:
• VWAP is stable
• Volume is holding around the POC
• And macro data is clearly supporting upside momentum
⸻
🎯 Trading Plan:
• ✅ Entry Zones: $3,350 or $3,339
• 🛑 Stop Loss: Below $3,319 (recent low)
• 🎯 TP1: $3,377
• 🎯 TP2: $3,392 – $3,400
• ⚠️ Watch for a breakout above $3,377 with strong volume — that would confirm the real move.
⸻
🔄 Summary:
💥 Two major news events today are supporting gold:
1. Weak PPI = possible pause in rate hikes
2. Rising oil = renewed inflation risk
So gold is getting support from both angles.
But stay cautious — any surprise statement from the Fed or a sudden USD rally could change the game
⸻
🟥 1. U.S. Inflation News (PPI & Core PPI)
Report Previous Forecast Actual
Monthly PPI 0.1% 0.2% 0.0%
Core PPI 0.1% 0.2% 0.0%
📉 Result: Very bearish for the U.S. dollar
→ Inflation is cooling
→ Fed may pause rate hikes
→ Interest rates could stabilize or drop
→ And gold loves that kind of setup 😍
⸻
🟫 2. U.S. Crude Oil Inventory Report
Report Previous Forecast Actual
Crude Oil Inventories +7.07M –1.80M –3.85M
🟢 Result: Very bullish for oil
→ Energy demand is higher than expected
→ Inflation could creep back up due to rising oil prices
→ That makes investors run to gold as a hedge against inflation 🔥
⸻
🧠 Technical & Market Outlook for XAU/USD:
📈 Gold pushed from $3,319 to $3,377
↩️ Now it’s in a pullback, testing Fibonacci levels:
• 38% retracement near $3,350
• 61% retracement near $3,339
📉 But… these pullbacks are happening with positive delta and absorption → which signals smart buying from below 👀
✅ Additional signs:
• VWAP is stable
• Volume is holding around the POC
• And macro data is clearly supporting upside momentum
⸻
🎯 Trading Plan:
• ✅ Entry Zones: $3,350 or $3,339
• 🛑 Stop Loss: Below $3,319 (recent low)
• 🎯 TP1: $3,377
• 🎯 TP2: $3,392 – $3,400
• ⚠️ Watch for a breakout above $3,377 with strong volume — that would confirm the real move.
⸻
🔄 Summary:
💥 Two major news events today are supporting gold:
1. Weak PPI = possible pause in rate hikes
2. Rising oil = renewed inflation risk
So gold is getting support from both angles.
But stay cautious — any surprise statement from the Fed or a sudden USD rally could change the game
لو عايز تبقى واحد من اللي بيفهموا في الدهب وبيكسبوا من السوق صح،
🎯 للدهب والفرص الحقيقية تابعنا من هنا:
For gold updates & smart trades 👇
t.me/GOLDontheNILE
You're welcome to join my Telegram channel
انضم وابقى من اللعيبة مش من الجمهور💰🔥
🎯 للدهب والفرص الحقيقية تابعنا من هنا:
For gold updates & smart trades 👇
t.me/GOLDontheNILE
You're welcome to join my Telegram channel
انضم وابقى من اللعيبة مش من الجمهور💰🔥
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.
لو عايز تبقى واحد من اللي بيفهموا في الدهب وبيكسبوا من السوق صح،
🎯 للدهب والفرص الحقيقية تابعنا من هنا:
For gold updates & smart trades 👇
t.me/GOLDontheNILE
You're welcome to join my Telegram channel
انضم وابقى من اللعيبة مش من الجمهور💰🔥
🎯 للدهب والفرص الحقيقية تابعنا من هنا:
For gold updates & smart trades 👇
t.me/GOLDontheNILE
You're welcome to join my Telegram channel
انضم وابقى من اللعيبة مش من الجمهور💰🔥
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.