CPI signal
On the flip side, the trading range support breakpoint, around the $2,630-2,635 region, now seems to act as an immediate hurdle. Any further move up could be seen as a selling opportunity and remain capped near the $2,657-2,658 horizontal barrier. A sustained strength beyond the latter could lift the Gold price to the $2,670-$2,672 supply zone, above which bulls might aim to challenge the all-time high, around the $2,685-2,686 zone touched in September. This is closely followed by the $2,700 mark, which if cleared will set the stage for an extension of a well-established multi-month-old uptrenn
Gold now buy 2611
Support 2644
Confirm CPI signal
Gold price bulls seem non committed as focus remains glued to US CPI report
Xauusdforex
XAUUSD sell confirm signal Gold price extends its losing streak for the sixth consecutive trading day on Wednesday. The precious metal has been battered by the upbeat US Dollar, which has strengthened as traders are pricing out another Fed larger-than-usual interest rate cut of 50 bps in their next meeting in November.
Gold price extends losing spell amid upbeat US Dollar ahead of FOMC Minutes
Gold now sell 2621
Support 2600
Resistance 2640
FOMC Target
Xauusd Gold preserves its bullish momentum and trades near $2,580 after setting a new record-high slightly above this level. The 10-year US Treasury bond yield stays in the red below 3.7% as markets reassess the odds of a large Fed rate cut, helping XAU/USD push higher.
Gold now sell 2577
Support 2550
Resistance 2587