GOLD → Consolidation before the news. What to expect?

3 540
XAUUSD is not going to turn around. The level of economic risks is still at a high level and the price may continue to rise, but after the end of consolidation.

GOLD → Countertrend correction. What to do in this case?


Gold is back to a record $3,246 despite calm markets. Lower US bond yields and a pause in capital withdrawals are supporting demand for protective assets.
Uncertainty around Trump's tariff policy and expectations of a Fed rate cut are driving prices higher. Additional support is provided by inflows into Chinese ETFs and expectations of Chinese GDP data. Further gold movement depends on headlines on tariffs and Fed rhetoric.
Technically, the focus is on consolidation 3244 - 3187 and internal support level 3208.

Resistance levels: 3244, 3270
Support levels: 3208, 3187


The market is likely to be in consolidation until tomorrow, when important economic reports will be published. But nevertheless, there could be strong movements intraday due to various factors. I expect to see a retest of support at 3208 or 3187 before further upside. But, consolidation near 3244, breakout and consolidation above the level may give a chance for growth

Regards R. Linda!

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