On Tuesday, the U.S. April CPI was mild😉. Both core and headline inflation were below expectations😮. Markets now bet the Federal Reserve will cut rates by 53 basis points cumulatively in 2025😏, with the first cut possibly in September😉. Lower interest rates are bullish for gold📈, but weakening safe - haven demand and strengthening risk assets have suppressed gains😔. Easing Russia - Ukraine tensions and a $600 billion U.S. - Saudi trade deal have added pressure on gold prices📉.
Technical analysis of gold: The daily chart forms an M - head pattern📉, with 3200 as the key bullish support level🔍. If the price fails to close above this level, further declines may follow😟. A significant technical breakdown has occurred, requiring a shift in trading strategy😕. While gold can rise rapidly, declines can be equally sharp😖. However, the long - term upward trend remains intact, and pullbacks may offer buying opportunities—though specific entry levels need to be monitored with market developments and are hard to predict currently🤔. In the short term, consider shorting near 3200📉. If 3200 is breached, even rebounds could be opportunities to follow the bearish trend😏. On upward retracements, target the Fibonacci resistance level of 3265 for short positions📊
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@3220 - 3200
🚀 TP 3180 - 3160
🚀 Buy@3160 - 3175
🚀 TP 3200 - 3220
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Technical analysis of gold: The daily chart forms an M - head pattern📉, with 3200 as the key bullish support level🔍. If the price fails to close above this level, further declines may follow😟. A significant technical breakdown has occurred, requiring a shift in trading strategy😕. While gold can rise rapidly, declines can be equally sharp😖. However, the long - term upward trend remains intact, and pullbacks may offer buying opportunities—though specific entry levels need to be monitored with market developments and are hard to predict currently🤔. In the short term, consider shorting near 3200📉. If 3200 is breached, even rebounds could be opportunities to follow the bearish trend😏. On upward retracements, target the Fibonacci resistance level of 3265 for short positions📊
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@3220 - 3200
🚀 TP 3180 - 3160
🚀 Buy@3160 - 3175
🚀 TP 3200 - 3220
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
📢Weekly profit :300% - 500%
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📢Weekly profit :300% - 500%
t.me/+OjXw8IBwWg81ZDY0
📢JOIN OUR FREE TELEGRAM GROUP
t.me/+OjXw8IBwWg81ZDY0
📢Free signals are updated every day
t.me/+OjXw8IBwWg81ZDY0
t.me/+OjXw8IBwWg81ZDY0
📢JOIN OUR FREE TELEGRAM GROUP
t.me/+OjXw8IBwWg81ZDY0
📢Free signals are updated every day
t.me/+OjXw8IBwWg81ZDY0
Related publications
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.