GOLD Under Pressure – CPI to Drive the Next Move

7 天前

GOLD Outlook – Bearish Below 3365, CPI in Focus

Gold is showing bearish momentum while trading below 3365, with a likely move toward 3342.
However, if the price closes a 1H or 4H candle above 3365, it may shift to a bullish trend targeting 3395.

CPI data will be the key factor in determining the next move.
The market expects a print of 2.6%, which would signal no Fed rate cuts this year due to rising tariff pressures.

That said, we expect a 2.7% release, which would likely support a bearish trend for gold.
But if the release is less than 2.6% that will support the bullish trend.

Pivot Line: 3365
Support: 3342 – 3320
Resistance: 3375 – 3395

6 天前

交易進行

GOLD – Market Overview

Gold prices edged up to around $3,342 per ounce on Wednesday, recovering slightly after a two-day decline, as traders evaluated a rise in U.S. inflation and ongoing trade tensions.

📊 Fundamental Outlook:
• June CPI rose at the fastest pace in five months, suggesting that tariffs may be contributing to inflationary pressures.
• While President Trump continues to push for rate cuts, Fed officials remain cautious, citing persistent inflation risks.
• Traders now turn their focus to the upcoming PPI report for further insight into price trends and Fed policy direction.

🔧 Technical Outlook:
Gold remains in a bearish structure as long as it trades below 3,342.

🔻 Bearish Scenario:
• As long as price stays below 3,342, we expect continuation toward 3,320, with further targets at 3,312 and 3,297.

🔺 Bullish Scenario:
• A 1H candle close above 3,342 could shift momentum bullishly toward 3,365, with extended targets at 3,375.

Pivot Level: 3,342
Support Levels: 3,332 – 3,320 – 3,297
Resistance Levels: 3,354 – 3,365 – 3,375

5 天前

交易結束：目標達成

Full Target reached, about $55 dropped

The price dropped from 3365 to our last support located at 3320 - 3312