Gold News:
🔆Surge in US inflation dampens chances of Fed rate cut
🔆Solid US CPI could support dollar, ease tensions from Washington
🔆Federal Reserve Chairman Jerome Powell says policy needs to remain accommodative amid rising inflationary pressures and US President Donald Trump's tariff threats, signaling a more dovish Fed in the future
Analysis:
🔆Based on rising trend lines combined with support-resistance zones and Fibonacci
Plan:
🔆Price Zone Setup:
👉Buy Gold 2905 -2907 (European session)
❌SL: 2900 | ✅TP: 2912 - 2918 – 2925
👉Sell Gold 2943 -2945
❌SL: 2950 | ✅TP: 2938 - 2932 – 2925
👉Buy Gold 2883 -2885
❌SL: 2877 | ✅TP: 2890 - 2895 – 2900
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