Gold prices edged up on Thursday as tariff uncertainty persisted, boosting safe-haven demand, while lower-than-expected US inflation data also supported bullion by bolstering expectations of a rate cut.
Spot gold rose 0.2% to $2,938.24 an ounce by 0050 GMT, while US gold futures were steady at $2,945.70.
Data showed US consumer prices rose less than expected last month, but the improvement could be temporary as steep import tariffs are expected to raise prices of most goods in the coming months.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 2952-2954
Stoploss: 2958
Take Profit 1: 2947
Take Profit 2: 2941
Take Profit 3: 2935
BUY XAUUSD around 2910-2913
Stoploss: 2906
Take Profit 1: 2917
Take Profit 2: 2923
Take Profit 3: 2930
Note: Always set Stoploss in all cases to be safe
Spot gold rose 0.2% to $2,938.24 an ounce by 0050 GMT, while US gold futures were steady at $2,945.70.
Data showed US consumer prices rose less than expected last month, but the improvement could be temporary as steep import tariffs are expected to raise prices of most goods in the coming months.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 2952-2954
Stoploss: 2958
Take Profit 1: 2947
Take Profit 2: 2941
Take Profit 3: 2935
BUY XAUUSD around 2910-2913
Stoploss: 2906
Take Profit 1: 2917
Take Profit 2: 2923
Take Profit 3: 2930
Note: Always set Stoploss in all cases to be safe
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
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️🥇 Exchange and learn market knowledge
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️🥇 Zalo Group: zalo.me/g/hydlwv957
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
️🥇 Zalo Group: zalo.me/g/hydlwv957
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.