gold falls
XAU / USD trend forecast March 3, 2025, SCALPING
On Friday, the US Bureau of Economic Analysis reported that the Personal Consumption Expenditures (PCE) Price Index rose by 0.3% in January and increased by 2.5% over the past year, slightly lower than the 2.6% recorded in December.
Additionally, the core PCE Price Index, which excludes the more volatile food and energy prices, also advanced by 0.3% last month and registered a 2.6% year-over-year increase in January, showing a significant slowdown from the 2.9% recorded in the previous month.
Sideway price range at the beginning of the week: trading around 2830 - 2880. Gold price is in a short-term correction phase H1
BUY XAU : zone 2850-2853
SL: 2847
TP: 50 - 100 - 150pips (2865)
On Friday, the US Bureau of Economic Analysis reported that the Personal Consumption Expenditures (PCE) Price Index rose by 0.3% in January and increased by 2.5% over the past year, slightly lower than the 2.6% recorded in December.
Additionally, the core PCE Price Index, which excludes the more volatile food and energy prices, also advanced by 0.3% last month and registered a 2.6% year-over-year increase in January, showing a significant slowdown from the 2.9% recorded in the previous month.
Sideway price range at the beginning of the week: trading around 2830 - 2880. Gold price is in a short-term correction phase H1
BUY XAU : zone 2850-2853
SL: 2847
TP: 50 - 100 - 150pips (2865)
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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.