Solid trend line, waiting for US CPI

🔔🔔🔔Gold news:

➡️ Following the second round of trade talks between the United States and China in London on Tuesday, both sides agreed on a framework for a potential trade deal that could help ease the ongoing trade war between the world's two largest economies.

➡️ This development led to a modest rebound in the US Dollar (USD) against major currencies. However, the recovery remains unconvincing, as uncertainty surrounding Trump's trade policies continues to dampen risk sentiment. As a result, gold — a traditional safe-haven asset — saw a surge.

➡️ Meanwhile, traders remain cautious ahead of key US CPI data, which could influence market expectations regarding a potential Federal Reserve interest rate cut in September.

Personal opinion:
➡️ Gold price will move in the trend zone and wait for the US CPI news, this will be a test for the upcoming FED interest rate decision

➡️ Analyze based on support resistance levels combined with EMA and trend lines to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Buy Gold 3273 - 3276
❌SL: 3269 | ✅TP: 3280 - 3285 – 3290

👉Sell Gold 3360 - 3363
❌SL: 3367 | ✅TP: 3356 - 3351 – 3346

FM wishes you a successful trading day 💰💰💰

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