gold falls
XAU / USD trend forecast March 3, 2025, SCALPING
On Friday, the US Bureau of Economic Analysis reported that the Personal Consumption Expenditures (PCE) Price Index rose by 0.3% in January and increased by 2.5% over the past year, slightly lower than the 2.6% recorded in December.
Additionally, the core PCE Price Index, which excludes the more volatile food and energy prices, also advanced by 0.3% last month and registered a 2.6% year-over-year increase in January, showing a significant slowdown from the 2.9% recorded in the previous month.
Sideway price range at the beginning of the week: trading around 2830 - 2880. Gold price is in a short-term correction phase H1
BUY XAU : zone 2850-2853
SL: 2847
TP: 50 - 100 - 150pips (2865)
On Friday, the US Bureau of Economic Analysis reported that the Personal Consumption Expenditures (PCE) Price Index rose by 0.3% in January and increased by 2.5% over the past year, slightly lower than the 2.6% recorded in December.
Additionally, the core PCE Price Index, which excludes the more volatile food and energy prices, also advanced by 0.3% last month and registered a 2.6% year-over-year increase in January, showing a significant slowdown from the 2.9% recorded in the previous month.
Sideway price range at the beginning of the week: trading around 2830 - 2880. Gold price is in a short-term correction phase H1
BUY XAU : zone 2850-2853
SL: 2847
TP: 50 - 100 - 150pips (2865)
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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.