GOLD Federal Reserve Interpretation of May CPI Data
Key CPI Figures (May 2025)
Headline CPI:
MoM: 0.1% (vs. 0.2% forecast, prior 0.2%).
YoY: 2.4% (vs. 2.5% forecast, prior 2.3%).
Core CPI (ex-food/energy):
MoM: 0.1% (vs. 0.3% forecast, prior 0.2%).
YoY: 2.8% (vs. 2.9% forecast).
Fed’s Likely Interpretation
Cooling Inflation Momentum:
The softer-than-expected MoM and core CPI prints suggest inflation is moderating, particularly in goods categories like gasoline (-2.6% MoM) and autos. Shelter inflation (3.9% YoY) also cooled slightly, a critical factor for the Fed.
Annual CPI (2.4%) remains above the Fed’s 2% target but shows progress from pandemic-era peaks.
Tariff Impact Delayed:
The data reflects limited immediate pass-through from Trump’s April tariffs, which are expected to raise prices by ~1.5% over time. The Fed will remain cautious, as tariff effects could materialize in late 2025, complicating the inflation trajectory.
Labor Market Resilience:
Despite softer inflation, unemployment held at 4.2% in May, and wage growth stayed elevated (3.9% YoY). This gives the Fed flexibility to prioritize inflation containment over premature easing.
Policy Implications:
Near-Term Hold: The Fed is almost certain to keep rates at 4.25–4.50% in June, aligning with its "higher for longer" stance.
Dovish Tilt for 2025: Markets now price a ~75% chance of a September cut (up from ~55% pre-CPI). The Fed may signal openness to easing if inflation continues trending toward 2% and tariff impacts remain muted.
Market Reactions
Bonds: 10-year Treasury yields to 4.12%, reflecting bets on future rate cuts.
Dollar: The DXY dipped to 98.50 but stabilized as traders weighed Fed caution against global risks.
Equities: Nasdaq and S&P 500 rallied on reduced stagflation fears.
What’s Next?
June 12 PCE Data: The Fed’s preferred inflation gauge will confirm whether disinflation is broadening.
Federal Reserve Interpretation of June 12 Economic Data
Key Data Points
PPI (Producer Price Index) MoM: 0.1% (vs. 0.2% forecast, prior -0.5%).
Core PPI (ex-food/energy) MoM: 0.1% (vs. 0.3% forecast, prior -0.4%).
Unemployment Claims: 248K (vs. 242K forecast, prior 247K).
Fed’s Likely Interpretation
1. Subdued Producer Inflation
Cooling Input Costs: Both headline and core PPI rose 0.1% MoM, below expectations, signaling muted producer-side inflation. This follows prior declines (-0.5% headline, -0.4% core), suggesting persistent disinflationary pressures in supply chains.
Implication: Weak PPI supports the Fed’s view that inflation is moderating, reducing urgency for rate hikes. However, the Fed will remain cautious about potential tariff-driven price spikes later in 2025.
2. Labor Market Softening
Rising Jobless Claims: Claims increased for the second straight week (248K vs. 242K forecast), aligning with May’s softer ADP and NFP reports. The 4-week average now sits at 243K, the highest since September 2023.
Implication: A cooling labor market supports arguments for rate cuts to avoid over-tightening, but the Fed will seek confirmation in future reports (e.g., June NFP).
3. Policy Outlook
September Rate Cut Odds: Markets now price a ~70% chance of a September cut (up from ~65% pre-data). The Fed is likely to hold rates steady in July but may signal openness to easing if disinflation broadens.
Balancing Risks: While PPI and claims data lean dovish, the Fed remains wary of premature easing given:
Sticky Services Inflation: CPI services ex-energy rose 4.1% YoY in May.
Tariff Uncertainty: Trump’s tariffs could add 1.5% to inflation by late 2025.
Market Reactions
Bonds: 10-year Treasury yields fell 3 bps to 4.09%, reflecting rate-cut bets.
DXY: Dollar index dipped to 98.30, pressured by dovish Fed expectations.
Conclusion
The Fed will view today’s data as reinforcing the case for rate cuts in 2025, but policymakers will likely wait Q2 GDP before committing. While PPI and jobless claims suggest easing inflation and labor momentum, the Fed’s cautious stance on tariffs and services inflation means a September cut remains the baseline scenario, contingent on sustained disinflation.
July Meeting: Likely a hold, but the Fed’s updated dot plot could hint at 2025 cuts.
Tariff Watch: Delayed price pressures from tariffs remain a wildcard, keeping the Fed data-dependent.
Summary
The Fed will view May’s CPI as encouraging but insufficient to justify imminent rate cuts. While inflation moderation supports a dovish pivot later in 2025, policymakers will demand more evidence of sustained disinflation and clarity on tariff impacts before easing.
#gold
GOLD trade ideas
GOLD Impact of May CPI Data on Bond Prices/Yields and Fed Rate Decisions
Key CPI Figures
Headline CPI:
MoM: 0.1% (vs. 0.2% forecast, prior 0.2%).
YoY: 2.4% (vs. 2.5% forecast, prior 2.3%).
Core CPI (ex-food/energy):
MoM: 0.1% (vs. 0.3% forecast, prior 0.2%).
YoY: 2.8% (vs. 2.9% forecast).
Bond Market Reaction
Bond Prices surged, and Yields Fell as lower inflation reduced expectations of prolonged high rates:
10-Year Treasury Yield: Dropped 6 basis points (bps) to 4.12% (lowest since March 2025) .
2-Year Treasury Yield: Fell 5 bps to 3.947% .
30-Year Yield: Declined to 4.95% .
Drivers: Softer inflation eased fears of Fed tightening, prompting a bond rally. Traders priced in Fed rate cuts by year-end.
Fed Rate Cut Implications
September Cut Odds Rise: Markets now assign a greater chance of a September rate cut by more than 25bps
July Meeting Likely Unchanged: The Fed is expected to hold rates at 4.25–4.50% on June 18 but may signal dovish intent in its updated dot plot.
Policy Dilemma:
Cooling Inflation: Supports cuts to avoid over-tightening.
Resilient Labor Market: May 2025 jobs growth (139K) and steady unemployment (4.2%) suggest the economy can handle delayed easing.
Tariff Risks: Fed remains cautious about potential inflation spikes from Trump’s tariffs, which could materialize in late 2025 .
Market Reactions
Equities: Nasdaq surged past 22,000, and S&P 500 hit a June high as stagflation fears eased .
Dollar Index (DXY): Initially dipped but later stabilized near 98.50 as traders weighed Fed caution against global risk sentiment .
Commodities: Gold rallied to $3,376/oz, while oil rose 2% on demand optimism .
Conclusion
The softer CPI data strengthened the case for Fed rate cuts in 2025, triggering a bond rally and equity gains. While a July cut remains unlikely, the Fed may use its June meeting to prepare markets for a September easing, contingent on inflation staying subdued and tariff impacts materializing as expected ,the CPI (July ) and Q2 GDP will be watched for confirmation.
#GOLD #DOLLAR
GOLD going for New ATH? Reason Explained
You can see on chart i explained all with the reason. Till yesterday Before CPI release we were in 50/50 area you can call it consolidation. After taken out all the Bearish rejection now you can clearly see all the Bullish Array are Respecting and taking out Bearish Array, This means there is only weak Bearish Rejection area are remaining in the market . Now you can look for long trade if you want high probability trade that will be better idea . I am not looking Short Trade on gold till there is no any impulsive bearish rejection. Take a look on my analysis and manage your trade accordingly.
GOLD 3HR CHARTRelationship Between Gold, Dollar (DXY), Bond Prices, and 10-Year Bond Yields
GOLD ,early sell dropped price from 3328.9 to 3304 .the 3304 align with the ascending trendline and currently trading at 3320.break and close of the demand floor will push for more sell to around 3270-3268
1. Gold and the Dollar (DXY)
Gold is priced in U.S. dollars, so there is a strong inverse relationship between gold prices and the dollar index (DXY).
When the DXY strengthens, gold becomes more expensive for holders of other currencies, reducing demand and pushing gold prices down.
Recently, gold prices dipped about 0.4% to around $3,294/oz as the DXY shed 0.3%, reflecting a cautious market awaiting U.S.-China trade talks and reacting to stronger U.S. jobs data that tempered expectations of Fed rate cuts.
2. Gold and 10-Year Bond Yields
The 10-year U.S. Treasury yield and gold generally have an inverse relationship. Rising yields increase the opportunity cost of holding non-yielding gold, making bonds more attractive.
However, both gold and bond yields can rise simultaneously during inflationary periods or economic uncertainty, reflecting inflation expectations and safe-haven demand.
Recent data shows yields near 4.5%, with gold holding elevated levels above $3,300 and attempted 3328 on monday before dropping due to inflation concerns and geopolitical risks, despite some downward pressure from rising yields.
3. Gold and Bond Prices
Bond prices move inversely to yields; when yields rise, bond prices fall.
Falling bond prices (rising yields) often signal inflation or risk concerns, which can boost gold as an inflation hedge.
Yet, rising yields also raise the opportunity cost of holding gold, which can cap gold’s upside. This dynamic explains why the correlation between gold and bond yields has weakened recently, sometimes showing near-zero correlation .
4. Macro and Market Drivers
Inflation and Safe-Haven Demand: Persistent inflation and geopolitical tensions (e.g., U.S.-China trade talks) support gold demand despite dollar strength and rising yields.
Central Bank Buying: Central banks remain significant gold buyers, underpinning long-term price support.
Economic Data and Fed Policy: Strong U.S. jobs reports reduce expectations of Fed rate cuts, pushing yields up and dollar strength, which can pressure gold short term.
Conclusion
Gold prices in June 2025 are influenced by a complex interplay of factors: a slightly weaker dollar recently has supported gold, but rising 10-year Treasury yields and falling bond prices exert downward pressure. Inflation concerns and geopolitical risks continue to underpin gold’s appeal as a safe haven and inflation hedge. The usual inverse relationship between gold and bond yields has weakened recently, reflecting evolving market dynamics and the balance between inflation expectations and real yields.
#gold #dollar
How to arrange the gold price in the evening? Go long at 3330📰 Impact of news:
1. CPI data is profitable
2. The US CPI rose slightly in May, and Trump's tariff effect has not yet fully emerged
📈 Market analysis:
The trend line position of the 4H chart coincides and resonates with the middle track of the Bollinger Band, with 3326 as the watershed reference. This is why it is difficult to break below this point after repeated tests. Once it breaks below, the short-term trend is likely to fluctuate from strong to weak. However, the current support below is still strong at 3330-3326. The repeated rise and fall of data during the day also stopped the decline at this point. If the price does not lose here, the pattern of strong fluctuations will remain unchanged, and the bulls will gradually regain lost ground. At present, it is time for space. The operation suggestion for the future market is to continue to rely on the bullish trend above 3330, and 3330-3326 can be flexibly entered. At the same time, the RSI indicator is above 50 and there is still some space from the overbought zone. The signal is given that 3360, although the long upper shadow line K is closed, is very likely not the short-term top. After the sharp rise and fall in 1H, it went sideways and waited for the next wave of strength. If the night close is above 3326, the upper area will probably be 3350-3360. If the price can break through and stabilize this level, the upward pace will most likely accelerate to reach 3370-3380.
🏅 Trading strategies:
BUY 3330-3326
TP 3350-3360
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
XAU / USD 30 Minute ChartHello traders. Happy Monday. Taking a look at the 30 minute chart, I have marked my current area of interest for potential scalp trade set ups. I always use the same forumla when trading. Once I am 30 pips or so in profit, I immediately close out 75% of the trade's profit, I then move my Stop Loss to my entry point ( break even ) and I leave a runner running(the remaining 25% of the trade). Best way to preserve profit and it works well, at least for me .. Let's see how pre NY volume goes when that starts coming in about 2 hours from now. Big G gets a shout out. Be well and trade the trend.
Is 3500 gold still far away?
💡Message Strategy
Gold prices rose overall this week, with bulls showing strength. This was mainly due to the positive CPI data from the Federal Reserve, the escalation of tensions in the Middle East, the uncertainty of trade tariffs, and strong long-term support from fundamental demand, which led to the continued strong trend of gold prices.
As risk aversion rebounded, gold prices rose rapidly, hitting the upper track of the Bollinger Band, which also caused gold prices to rise by more than 3.6% this week.
📊Technical aspects
As geopolitical tensions in the Middle East intensify over the weekend, gold prices may continue to benefit from risk aversion next week, and gold prices are expected to target $3,500/ounce at the beginning of next week
The key support point is 3408. The current price has broken through and stabilized above 3400, and is expected to run above this level for a period of time. When the first market correction tests around 3420, you can continue to buy. Judging from the cycle operation, there is a high probability of a high-level oscillation market in the 3500/3400 range. Before the Fed's results are announced on Thursday, you can sell high and buy low in this range.
💰 Strategy Package
Long Position:3420-3430
Combined with the current tense situation, you can buy light positions at the opening price, and add positions to make up for the rise when the market falls back to the target point. Don't blindly chase the short position.
XAUUSD: +1500 TO +2200 PIPS Major Swing Move in Making, Two AreaThe first day of the trading week has seen Gold skyrocket, clearly indicating a bullish price direction. Our recent analyses had clearly shown this, and the volume confirms further bullish momentum. Additionally, the NFP news this Friday will be a trend changer, regardless of its positive or negative impact on the USD.
There are two potential take-profit targets. Before taking entry, please conduct your own analysis.
Good luck and trade safely,
Team Setupsfx_
Gold Breaks Out- Bulls Eye Record High Gold prices are poised to mark a third consecutive daily advance with XAU/USD clearing the June opening-range on news of war breaking out in the Middle East. The breakout takes price into uptrend resistance and while the broader outlook remains constructive, the immediate advance may be vulnerable while below this slope.
A rally of more than 1.7% extended into uptrend resistance at the median-line before pulling back and the immediate focus is on today’s close with respect to the record high-close at 3431. Risk for near-term inflection off this zone with a close above needed to mark uptrend resumption. Subsequent resistance objectives are eyed at the record high at 3500 and the 100% extension of the May rally at 3578- look for a larger reaction there IF reached.
Initial support now rests back at the 61.8% retracement of the April decline / the record high-day close (HDC) at 3355/80- losses should be limited to the median-line IF price is heading higher on this stretch. Subsequent support seen at the May / June open at 3288/89 with bullish invalidation now raised to the May LDC / late-May swing low at 3240/45- a close below this threshold would be needed to suggest a more significant high is in place / a larger reversal is underway.
Bottom line: The gold rally has extended into uptrend resistance at the median-line- risk for possible inflection / topside exhaustion into this slope. From a trading standpoint, losses should be limited to 3355 IF price is heading for a breakout with a close above the median-line needed to fuel the next major leg of the advance.
Keep in mind we get the release of key interest rate decisions from the Bank of Japan, the Federal Reserve, and the Bank of England next week. The ongoing conflict in Iran adds an additional layer of event risk as gold presses record highs- stay nimble next week and watch the weekly closes for guidance here.
GOLD-SELL strategy 3 hourly GANNGOLD is overbought but we monitor $ 3,425 area.. resistance trendline. However, RSI is quite high, so even if we spike above it.. we should scale in nicely and ADD to SELL.carefully.
Strategy SELL @ $ 3,415-3,440 and take profit near $ 3,278 for now. However, even we spike above resistance, we may opt out of position and re-enter a SELL or ADD carefully on way up, Keep leverage small always.
Gold market analysis and trading strategiesGold market analysis and trading strategies
Core view: Super sweeping market continues
Large cycle pattern: Gold is in a sweeping stage, lacking trend direction, similar to the long-term shock after the peak in 2011 (lasting nearly 20 months).
Current fundamentals (geopolitical conflicts, inflation data, Fed policy expectations) support this violent fluctuation.
Short-term characteristics: straight upward, frequent V-shaped reversals, rhythm control is more important than direction judgment, and we need to be vigilant against sudden news-induced surges and plunges.
Review of major influencing factors
China-US negotiations: No specific details have been announced, but the market's sensitivity to trade relations still exists.
US CPI data: slightly lower than expected, Trump called on the Fed to cut interest rates by 1%, strengthening easing expectations, which is good for gold.
Middle East situation: The United States evacuated its citizens from Bahrain and Kuwait, the Iran-Iraq crisis escalated, and the geopolitical risk premium pushed up gold prices.
Technical analysis
1. Daily level
Pattern: The big positive line broke through the key resistance level of 3360 points, confirming the short-term bullish momentum.
Support level: 3360-3345-3320
Resistance level: 3390-3395.
Potential path: If it stands above 3360, it may rise to 3400+ (target 3415, 3440); if it falls below 3350-45, the risk of a pullback will increase.
2. 4-hour level
Trend: MACD golden cross, trading volume enlarged, moving averages are bullishly arranged, support level: 3369 (MA5), 3350 (MA60).
Key points: 3360-65 is the watershed between long and short positions. If it holds, the upward trend will continue.
3. Hourly chart
Short-term signal: MACD golden cross, but STO is overbought, be wary of a high pullback. 3362 is the direct support level, and a breakout of this level may lead to a pullback to 3348-50.
Trading strategy recommendations:
Long strategy
Active long orders: enter the market in the 3360-65 area, stop loss of $5 (fall below 3360), target 3375-3388-3395-3405.
Steady long orders:
Long orders at 3345-3350, stop loss at 3339, target above 3360.
Short order strategy:
Short-term pullback: short light positions when stagflation in the 3396-3400 area, stop loss 3405, target 3380-3360.
Trend short orders: layout in batches in the 3413-3430 area, stop loss set above 3440, target 3400-3380 (need to match the top pattern).
Gold is rising, beware of a pullback.Since last Friday, the daily line has shown an alternating trend of yin and yang. In the three trading days this week, the lows and highs have been rising continuously, which shows that the short-term trend is strong. Today's intraday trend also illustrates this point. At present, gold has risen directly to the 3388 line, directly refreshing the intraday high again.
From the hourly chart, we must be careful of the possibility of gold diving. From the previous rules, each rise is about 45 US dollars. This time it also started from 3340-3345, and the increase was close to 45 US dollars. Moreover, each time the rise is completed, the dive callback is 35 US dollars. Therefore, once it starts to fall from 3385-3390, it is very likely to reach 3350-3355.
In terms of short-term resistance, pay attention to the 3400 pressure level above; the support level is around 3340. the support level pays attention to the vicinity of 3340.
Operation strategy:
Short at 3385, stop loss at 3395, and profit range is 3360-3350.
XAU / USD 30 Minutes ChartHello traders. Taking a quick look at the 30, we can see my area of interest marked on the chart. Let's see if we bounce off and move back up, move down and stay trading in the range or push back down to the area marked. I am waiting patiently and I am in no hurry to force or rusha trade. We have big new here in under an hour in the US. I am just watching for now. Big G gets my thanks. Be well and trade the trend.
Report – June 12, 2025As of today, markets are navigating a cautious and complex macro landscape driven by sticky inflation, mixed economic momentum, and upcoming supply events in the U.S. Treasury market. At the center of market focus is the U.S. Producer Price Index (PPI), which surprised to the upside. The headline PPI YoY came in at 2.6%, above the prior month’s 2.4%, while the month-over-month figure rebounded to +0.2%, recovering from -0.5% in April. Although Core PPI YoY held flat at 3.1%, the level remains elevated. These numbers reinforce the perception that inflationary pressures remain embedded at the producer level, limiting the Federal Reserve’s flexibility to ease policy in the near term.
Simultaneously, the U.S. labor market continues to show resilience. Initial Jobless Claims printed at 242,000, slightly better than the consensus estimate of 247,000. The four-week average stabilized at 235,000, and Continuing Claims remained firm at 1.904 million. This combination of firm labor and sticky inflation supports a “higher-for-longer” rates environment, with no immediate pressure on the Fed to pivot dovish. These data points, taken together, imply that the fixed income and equity markets are still subject to repricing risk, especially if the Fed maintains its hawkish rhetoric or if real yields begin to trend higher again.
In the bond market, U.S. Treasury yields moved slightly lower across the curve, with the 2Y yield at 3.958% (-0.6bp), the 10Y at 4.416% (-1.0bp), and the 30Y at 4.905% (-1.4bp). The curve remains inverted, although the steepness has moderated somewhat, indicating a cautious recalibration of forward rate expectations. Markets are closely watching today’s 30-year Treasury bond auction, scheduled for later in the session. A weak result — defined as a tail greater than 1.5bps — could lead to a renewed sell-off in long-duration Treasuries and reinforce the bear trend in TLT.
Looking internationally, Japan’s 10Y yield remains stable at 1.454%, suggesting no immediate pressure from the BoJ to shift policy. In the UK, the 10Y Gilt yield stands at 4.526%, continuing to reflect persistent inflation risk. German 10Y Bunds yield between 2.41–2.45%, slightly firmer, maintaining a neutral to moderately hawkish stance ahead of upcoming ECB communications. Collectively, these yield levels reflect a global market pricing in differentiated inflation risks and rate divergence.
In fixed income ETFs, we see short-duration U.S. Treasury instruments leading, with SHY (1–3Y) up +0.13%, while TLT (20Y+) gained +0.30%, showing tentative stabilization ahead of the auction. Investment-grade credit, as tracked by LQD, rose +0.34%, benefiting from risk-off hedging and carry trades. However, high-yield (HYG) was flat at -0.02%, and convertibles (CWB) edged lower at -0.06%, both signaling a decline in speculative appetite. Internationally, emerging market debt (EMB +0.3%) and global Treasuries (IGOV +0.29%) are firming as the USD softens modestly.
In the equity space, today’s session is showing a mild risk-off tilt. The S&P 500 trades at 6,022 (-0.3%), holding just above key support at 5,975. The Dow Jones is flat at 42,865, with underlying breadth weakening. The Nasdaq 100 fell -0.4% to 21,860, and Russell 2000 declined -0.4% to 2,148, continuing its underperformance. The VIX has risen to 17.27 (+1.9%), closing in on the psychological stress level of 18.5.
Sector rotation aligns with a defensive narrative. Energy is leading, up +1.4% (with oil rallying sharply), followed by Utilities (+0.1%) and Health Care (+0.1%), both classic low-volatility, defensive groups. Conversely, Technology (-0.2%) and Real Estate (-0.5%) are underperforming, as the market de-risks rate-sensitive sectors. Financials (-0.1%) remain cautious due to yield curve pressure and auction-related uncertainty.
From a style and factor perspective, momentum continues to lead with +0.72% relative outperformance versus SPY, followed by high dividend (+0.39%) and value (+0.16%). Meanwhile, growth stocks are soft (-0.04%), and small caps are lagging further (-0.32%), signaling a clear rotation away from riskier, high-beta equity exposure.
In currencies, the U.S. dollar is slightly weaker today. USD/JPY trades at 143.99 (-0.4%), showing softness despite higher PPI, likely due to short-term positioning. EUR/USD has strengthened to 1.1516 (+0.2%), and GBP/USD is stable at 1.3547. Crypto remains soft with BTC/USD down 1.2% to $107,669, confirming that risk appetite remains limited.
The commodity complex is stronger. Gold is up $18.20 to $3,371.13, reflecting safe-haven buying as real yields pause. Crude oil (WTI) has rallied $2.90 to $67.88, and Brent is at $69.51, with supply dynamics and macro demand recovery pushing prices higher. Natural gas remains flat at $3.51. These moves have boosted commodity-sensitive equities in the emerging market space. For example, Brazil (EWZ) is up 1.8%, South Korea (EWY) up 1.3%, and India (EPI) +0.3%, while developed markets (EFA) are flat to down (-0.2%).
Tactically, the SPX remains neutral to bearish. Holding above 5,975 preserves structure, but a breakdown below this level — especially if triggered by a hot auction or inflation shock — could drive further downside. The Dow remains in a bearish posture below 43,000, with a downside trigger at 42,300. Gold remains in a bullish technical setup with breakout potential above $2,350 and support at $2,325–2,330. USD/JPY is a tactical long above 143.80, aiming for 144.60, conditional on yields rising. TLT remains weak, and a close below 86.50 following the auction would confirm downside continuation. WTI oil is long-biased above 67, targeting $69.80 and higher if USD continues to weaken.
Key macro risk triggers include: a PPI print above 2.8% or Core PPI above 3.2%, which would reinforce Fed hawkishness; a long bond auction tail greater than 1.5bps, which would signal poor demand and push long yields higher; a VIX breakout above 18.5, which would signal a broader risk-off episode; and a gold breakout above $2,350, which would confirm macro hedge acceleration.
Asset Action
Gold Long bias
Oil Long setup
SPX Hedged
Dow Bearish lean
USD/JPY Buy dips > 143.80
TLT Bear or avoid
XAUUSD is on fall (rising wedge pattern is on break)H1 & H4 Timeframe
It's time to fall of gold and break of parallel channel. Range area is invalidated and H4 candle close below 3335-3338.
What possible scenario we have?
As H4candle closes below 3335 although last but not least 3325 is the point If that's area break 3325( where we have trendline and lower area of Rangbound) then we'll have proper break of falling wedge channel and I will see gold at 3290-3280 milestone.
#XAUUSD