Last week, gold (XAU/USD) hit a new all-time high (ATH) at 3005, but a sharp correction followed, bringing prices down to the 2980 - 2985 zone. This volatility suggests that the market is seeking equilibrium before determining the next move.
For the upcoming week, all eyes are on key economic data from the U.S., particularly the Federal Reserve's monetary policy and inflation indicators. These factors will directly impact the USD and gold’s direction.
📉 Gold Market Outlook
After a strong rally, gold is now in a corrective phase, absorbing liquidity before a potential continuation. Based on the technical chart:
The FVG (Fair Value Gap) formation suggests that gold might revisit lower levels to fill liquidity before resuming its trend.
The overall trend remains bullish, but key support levels need to hold for continued upside movement.
The market awaits signals from the Fed and U.S. economic data to determine the next major move.
🔥 Key Factors to Watch This Week
1️⃣ Federal Reserve Policy – Will Rates Remain High?
The Fed has maintained a hawkish stance, but if upcoming economic data show signs of weakness, expectations of rate cuts or easing policies could support gold.
👉 Scenario 1: If the Fed remains committed to tight monetary policy, gold could face more selling pressure and test deeper support levels.
👉 Scenario 2: If the Fed signals a more dovish stance, the USD could weaken, boosting gold prices.
2️⃣ U.S. Inflation & Economic Data – The Game Changer
Key reports like CPI and PPI will be the driving force behind market movements. If inflation slows down, expectations of a Fed rate cut will rise, pushing gold higher.
👉 Higher-than-expected CPI: The Fed may keep rates high → Stronger USD → Gold under pressure.
👉 Lower-than-expected CPI: Expectations for easing policies increase → Weaker USD → Gold rebounds.
📌 Key Support & Resistance Levels for GOLD
🔹 Major Resistance Levels:
3014 - 3034: A crucial zone where previous selling pressure emerged.
3050: A breakout above this level could open the door for further upside movement.
🔹 Major Support Levels:
2942 - 2915: The FVG zone, where liquidity might be filled before a potential rebound.
2885: A breakdown below this level could trigger a deeper correction.
🎯 Conclusion
Primary Trend: Gold remains in a long-term uptrend, but a short-term correction is possible before resuming the bullish move.
Market Catalyst: The direction of gold this week will be dictated by the Fed’s stance and U.S. inflation data.
Key Levels to Watch: 2915 - 2942 as critical support zones, while 3014 - 3050 will act as major resistance.
🔥 This week, closely watch gold’s reaction at key support and resistance levels to assess its next move! 🚀
For the upcoming week, all eyes are on key economic data from the U.S., particularly the Federal Reserve's monetary policy and inflation indicators. These factors will directly impact the USD and gold’s direction.
📉 Gold Market Outlook
After a strong rally, gold is now in a corrective phase, absorbing liquidity before a potential continuation. Based on the technical chart:
The FVG (Fair Value Gap) formation suggests that gold might revisit lower levels to fill liquidity before resuming its trend.
The overall trend remains bullish, but key support levels need to hold for continued upside movement.
The market awaits signals from the Fed and U.S. economic data to determine the next major move.
🔥 Key Factors to Watch This Week
1️⃣ Federal Reserve Policy – Will Rates Remain High?
The Fed has maintained a hawkish stance, but if upcoming economic data show signs of weakness, expectations of rate cuts or easing policies could support gold.
👉 Scenario 1: If the Fed remains committed to tight monetary policy, gold could face more selling pressure and test deeper support levels.
👉 Scenario 2: If the Fed signals a more dovish stance, the USD could weaken, boosting gold prices.
2️⃣ U.S. Inflation & Economic Data – The Game Changer
Key reports like CPI and PPI will be the driving force behind market movements. If inflation slows down, expectations of a Fed rate cut will rise, pushing gold higher.
👉 Higher-than-expected CPI: The Fed may keep rates high → Stronger USD → Gold under pressure.
👉 Lower-than-expected CPI: Expectations for easing policies increase → Weaker USD → Gold rebounds.
📌 Key Support & Resistance Levels for GOLD
🔹 Major Resistance Levels:
3014 - 3034: A crucial zone where previous selling pressure emerged.
3050: A breakout above this level could open the door for further upside movement.
🔹 Major Support Levels:
2942 - 2915: The FVG zone, where liquidity might be filled before a potential rebound.
2885: A breakdown below this level could trigger a deeper correction.
🎯 Conclusion
Primary Trend: Gold remains in a long-term uptrend, but a short-term correction is possible before resuming the bullish move.
Market Catalyst: The direction of gold this week will be dictated by the Fed’s stance and U.S. inflation data.
Key Levels to Watch: 2915 - 2942 as critical support zones, while 3014 - 3050 will act as major resistance.
🔥 This week, closely watch gold’s reaction at key support and resistance levels to assess its next move! 🚀
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.