Gold 
XAUUSD prices fell below $3,310 an ounce on Friday, on track for a weekly decline of more than 1%, as investors remained cautious ahead of the U.S. PCE inflation report, which could provide new insight into the Federal Reserve’s interest rate path.
On Thursday, bullion prices rose nearly 1% after a federal appeals court allowed President Donald Trump's sweeping tariffs to temporarily take effect, just one day after the U.S. Court of International Trade blocked their implementation, deeming the method used to enact them "unlawful." Meanwhile, San Francisco Fed President Mary Daly said on Thursday that policymakers could still deliver two rate cuts this year, as expected in March, but emphasized that rates should remain steady for now to ensure inflation is on track to meet the Fed’s 2% target.
XAUUSDGOLD Trading Strategy Around Price Levels:
SELL XAUUSDGOLD around the 3326–3328 area
Stoploss: 3333
Take Profit 1: 3322
Take Profit 2: 3317
Take Profit 3: 3310
BUY XAUUSD around the 3278–3280 area
Stoploss: 3273
Take Profit 1: 3284
Take Profit 2: 3289
Take Profit 3: 3295
Note: Always set a Stoploss in all situations to ensure safety.
XAUUSD prices fell below $3,310 an ounce on Friday, on track for a weekly decline of more than 1%, as investors remained cautious ahead of the U.S. PCE inflation report, which could provide new insight into the Federal Reserve’s interest rate path.On Thursday, bullion prices rose nearly 1% after a federal appeals court allowed President Donald Trump's sweeping tariffs to temporarily take effect, just one day after the U.S. Court of International Trade blocked their implementation, deeming the method used to enact them "unlawful." Meanwhile, San Francisco Fed President Mary Daly said on Thursday that policymakers could still deliver two rate cuts this year, as expected in March, but emphasized that rates should remain steady for now to ensure inflation is on track to meet the Fed’s 2% target.
XAUUSD
GOLD Trading Strategy Around Price Levels:SELL XAUUSD
GOLD around the 3326–3328 areaStoploss: 3333
Take Profit 1: 3322
Take Profit 2: 3317
Take Profit 3: 3310
BUY XAUUSD around the 3278–3280 area
Stoploss: 3273
Take Profit 1: 3284
Take Profit 2: 3289
Take Profit 3: 3295
Note: Always set a Stoploss in all situations to ensure safety.
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Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
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.