Gold price recovers, waiting for CPI inflation data today
520
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US 10-year Treasury yield rebounds, rising six basis points to 4.282% as markets focus on potential Federal Reserve rate cuts.
Meanwhile, US real yields—measured by the 10-year Treasury Inflation-Protected Securities (TIPS), which typically move inversely to gold prices—climb 5.5 basis points to 1.963%, posing a headwind for the non-yielding metal.
The Atlanta Fed’s GDP Now model projects a -2.4% contraction for Q1 2025, marking the first negative reading since the COVID-19 pandemic.
⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
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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.