GOLD | OVERVIEW
Gold remains under pressure due to ongoing U.S.–China trade tensions, with additional focus on the upcoming U.S. CPI data, which is expected to have a strong market impact.
Forecast CPI: 2.5%
Previous CPI: 2.3%
Current Scenario:
If the CPI comes in above 2.5%, it would signal stronger inflation, reducing the likelihood of rate cuts. This would pressure gold lower, continuing the downtrend toward 3318, then 3303, and possibly 3292.
Alternative Scenario:
If CPI is below expectations, it would suggest easing inflation and open the door for rate cuts—supportive for gold. In that case, a break above 3347 could lead to 3366, and then 3375.
Support Levels: 3318, 3303, 3292
Resistance Levels: 3347, 3366, 3375
Gold remains under pressure due to ongoing U.S.–China trade tensions, with additional focus on the upcoming U.S. CPI data, which is expected to have a strong market impact.
Forecast CPI: 2.5%
Previous CPI: 2.3%
Current Scenario:
If the CPI comes in above 2.5%, it would signal stronger inflation, reducing the likelihood of rate cuts. This would pressure gold lower, continuing the downtrend toward 3318, then 3303, and possibly 3292.
Alternative Scenario:
If CPI is below expectations, it would suggest easing inflation and open the door for rate cuts—supportive for gold. In that case, a break above 3347 could lead to 3366, and then 3375.
Support Levels: 3318, 3303, 3292
Resistance Levels: 3347, 3366, 3375
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Pubblicazioni correlate
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.