Oro / DollaroShort
XAU/USD: Downside Risks Amid Strong U.S. Data
Hello,
XAUUSD is expected to face initial downside pressure, with the first key level to test being the 1-month pivot point (PP) at 2644.402. If the price establishes itself below this level, it may then target the 3-month low at 2536.855, followed by the 6-month low at 2353.13. Each confirmed breach of these levels could signal further downside potential.
Key Developments Recap:
Strong U.S. jobs data (NFP: 256K vs. 200K forecast) highlighted economic resilience and reduced expectations for Fed rate cuts.
Mixed signals from Trump on trade policy have added to market uncertainty.
Fed officials have broadly indicated a preference for gradual rate adjustments, maintaining a cautious stance on cuts.
The U.S. monetary policy remains robust, with solid job data reducing the likelihood of rate cuts. The current drivers include labor market strength, a hawkish Fed outlook, and rising yields.
Upcoming Key Releases:
U.S. CPI (Wednesday): A critical indicator for the Fed’s rate path, with consensus expecting 2.4% y/y. A stronger-than-expected CPI reading could reinforce gradual USD strength.
In the long term, there is potential for the price to test the 1-year pivot point (PP), depending on how these factors evolve.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
XAUUSD is expected to face initial downside pressure, with the first key level to test being the 1-month pivot point (PP) at 2644.402. If the price establishes itself below this level, it may then target the 3-month low at 2536.855, followed by the 6-month low at 2353.13. Each confirmed breach of these levels could signal further downside potential.Key Developments Recap:
Strong U.S. jobs data (NFP: 256K vs. 200K forecast) highlighted economic resilience and reduced expectations for Fed rate cuts.
Mixed signals from Trump on trade policy have added to market uncertainty.
Fed officials have broadly indicated a preference for gradual rate adjustments, maintaining a cautious stance on cuts.
The U.S. monetary policy remains robust, with solid job data reducing the likelihood of rate cuts. The current drivers include labor market strength, a hawkish Fed outlook, and rising yields.
Upcoming Key Releases:
U.S. CPI (Wednesday): A critical indicator for the Fed’s rate path, with consensus expecting 2.4% y/y. A stronger-than-expected CPI reading could reinforce gradual USD strength.
In the long term, there is potential for the price to test the 1-year pivot point (PP), depending on how these factors evolve.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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