Gold Spot / U.S. DollarUpdated Gold Alert: Testing 2881 Risk Zone!
Gold at a Crossroads: Awaiting Key Triggers
XAUUSD is navigating a critical juncture, testing a pivotal risk zone that could dictate its next major move. From this level, we either witness a trend continuation or a deeper corrective phase.
Key Drivers: CPI Data & Policy Uncertainty
All eyes are on the upcoming US CPI report, which could inject fresh momentum into the market. Inflation figures will play a decisive role in shaping expectations for the Federal Reserve’s next steps, influencing both gold and the broader financial landscape.
Meanwhile, geopolitical and economic uncertainties add complexity. The Wall Street Journal reports that the Biden administration is preparing new tariffs, which could introduce fresh volatility and global economic risks. At the same time, Fed Chair Jerome Powell has signaled a cautious stance, reinforcing expectations of only a single rate cut in July. This has pushed bond yields higher, creating additional headwinds for gold.
Technical Outlook: Key Levels to Watch
Resistance: 2898, 2910, 2929
Support: 2881, 2870, 2855
Potential Scenarios:
🔹 Bullish Case: A false break below 2881 could signal ongoing bullish momentum. If buyers defend the 2881 – 2885 zone, gold may stage a rally towards 2930 – 2950 in the short to medium term.
🔹 Bearish Case: A decisive break and consolidation below 2881 could trigger a wave of liquidation, driving prices lower towards 2855 – 2848.
Market Sentiment: A Stalemate Before the Storm
With crucial news ahead, the market is at a tipping point. Whether gold surges or sinks depends on inflation data, Fed policy clarity, and potential tariff developments. Traders should brace for volatility as these catalysts unfold.
XAUUSD is navigating a critical juncture, testing a pivotal risk zone that could dictate its next major move. From this level, we either witness a trend continuation or a deeper corrective phase.
Key Drivers: CPI Data & Policy Uncertainty
All eyes are on the upcoming US CPI report, which could inject fresh momentum into the market. Inflation figures will play a decisive role in shaping expectations for the Federal Reserve’s next steps, influencing both gold and the broader financial landscape.
Meanwhile, geopolitical and economic uncertainties add complexity. The Wall Street Journal reports that the Biden administration is preparing new tariffs, which could introduce fresh volatility and global economic risks. At the same time, Fed Chair Jerome Powell has signaled a cautious stance, reinforcing expectations of only a single rate cut in July. This has pushed bond yields higher, creating additional headwinds for gold.
Technical Outlook: Key Levels to Watch
Resistance: 2898, 2910, 2929
Support: 2881, 2870, 2855
Potential Scenarios:
🔹 Bullish Case: A false break below 2881 could signal ongoing bullish momentum. If buyers defend the 2881 – 2885 zone, gold may stage a rally towards 2930 – 2950 in the short to medium term.
🔹 Bearish Case: A decisive break and consolidation below 2881 could trigger a wave of liquidation, driving prices lower towards 2855 – 2848.
Market Sentiment: A Stalemate Before the Storm
With crucial news ahead, the market is at a tipping point. Whether gold surges or sinks depends on inflation data, Fed policy clarity, and potential tariff developments. Traders should brace for volatility as these catalysts unfold.
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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.
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.