🔸 Market Sentiment: Gold remains sideways to bullish 📈, with key technical and fundamental factors shaping price action.
🔍 Technical Outlook:
📌 Buy Zone: $2,906 – $2,910 (Key support area)
🎯 Target 1: $2,930 (Resistance & liquidity zone)
🎯 Target 2: $2,939 (Major supply zone)
🔹 Key Indicators:
✅ EMA Support: Price holding above key moving averages
✅ RSI: Neutral to bullish territory, signaling potential upside
✅ Order Blocks & FVG: Bullish structure intact, confirming demand
🌍 Fundamental Drivers – CPI Impact 📢
🕒 Upcoming Event: U.S. CPI Data Release 🔥 (Key inflation gauge)
📌 Expectations:
Higher-than-expected CPI 📊 → Hawkish Fed stance 🦅 → USD Strength 💵 → Gold pressure 🔻
Lower-than-expected CPI 📉 → Dovish Fed 🕊️ → USD weakness 💸 → Gold rally 🔺
🔸 Trading Strategy:
🎯 Enter long positions within the $2,906 – $2,910 range
📍 Set SL below $2,900 for risk management
⚠️ Watch CPI data for volatility spikes & momentum shifts
🚀 Stay agile, manage risk, and trade smart! 💰🔥
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.
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.