Comment:
Gold prices have recovered from their lows this week as weak US PPI data boosted expectations of a Fed rate cut.
Meanwhile, potential tariffs proposed by Trump could weigh on inflation dynamics, weighing on gold prices and market sentiment.
The rebound was driven by hopes of a looser monetary policy, with attention shifting to the CPI report later today. A weaker CPI reading could further bolster the case for a rate cut.
Market sentiment and inflation:
Gold is often seen as a safe-haven asset and a hedge against inflation. If CPI declines significantly, this could reduce demand for gold as a hedge against inflation. However, if CPI declines are accompanied by signs of economic uncertainty, gold prices could still rise due to safe-haven sentiment.
Synthetic:
• If CPI declines amid a healthy economy and a stronger US dollar, gold prices could fall.
• If CPI falls along with expectations of Fed easing or concerns about a weakening economy, gold prices could rise.
Set Gold price range:
Buy Gold Range: $2647 - $2645 SL: $2640
TP1: $2652
TP2: $2657
TP3: $2662
Sell Gold Range: $2685 - $2687 SL $2691 ( European sessions )
TP1: $2680
TP2: $2676
TP3: $2670
Sell Gold Range: $2697 - $2699 SL $2704
TP1: $2692
TP2: $2687
TP3: $2680
Gold prices have recovered from their lows this week as weak US PPI data boosted expectations of a Fed rate cut.
Meanwhile, potential tariffs proposed by Trump could weigh on inflation dynamics, weighing on gold prices and market sentiment.
The rebound was driven by hopes of a looser monetary policy, with attention shifting to the CPI report later today. A weaker CPI reading could further bolster the case for a rate cut.
Market sentiment and inflation:
Gold is often seen as a safe-haven asset and a hedge against inflation. If CPI declines significantly, this could reduce demand for gold as a hedge against inflation. However, if CPI declines are accompanied by signs of economic uncertainty, gold prices could still rise due to safe-haven sentiment.
Synthetic:
• If CPI declines amid a healthy economy and a stronger US dollar, gold prices could fall.
• If CPI falls along with expectations of Fed easing or concerns about a weakening economy, gold prices could rise.
Set Gold price range:
Buy Gold Range: $2647 - $2645 SL: $2640
TP1: $2652
TP2: $2657
TP3: $2662
Sell Gold Range: $2685 - $2687 SL $2691 ( European sessions )
TP1: $2680
TP2: $2676
TP3: $2670
Sell Gold Range: $2697 - $2699 SL $2704
TP1: $2692
TP2: $2687
TP3: $2680
Trade closed: stop reached
update resultsNote
Hit + 40 pips
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
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.