XAUUSD: Gold defines a range but upside remains favored
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Spot Gold peaked at $2,048.14 a troy ounce in the aftermath of the United States (US) inflation data announcement but currently trades in the red in the $2,025 region. XAU/USD soared as the US Consumer Price Index (CPI) rose by 4.9% YoY in April, slightly below the 5% expected, and by 0.4% MoM, in line with the market expectations. Inflation keeps running hot in the world’s largest economy but, indeed, continues to ease from the record highs posted in mid-2022.
Buy GOLD 2028 - 2025
Stoploss: 2022
Take profit 1: 2033
Take profit 2: 2037
Take profit 3: 2043
Sell GOLD 2043 - 2047
Stoploss: 2051
Take profit 1: 2035
Take profit 2: 2025
Buy GOLD 2028 - 2025
Stoploss: 2022
Take profit 1: 2033
Take profit 2: 2037
Take profit 3: 2043
Sell GOLD 2043 - 2047
Stoploss: 2051
Take profit 1: 2035
Take profit 2: 2025
Trade chiuso: obiettivo raggiunto
BUY 2025 => to 2041. +160pips ✅✅✅
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