GOLD → The northbound train is ready to move on

XAUUSD is back in trend after a news (inflation) shakeout. The northbound train can continue its journey from station 2908. Initial Jobless Claims and PPI ahead

Prices are supported by uncertainty around Trump's tariffs and US economic data. The Fed remains hawkish due to rising inflation, which raised bond yields and briefly drove the gold price down to $2,865. However, buyers quickly returned, driving the price back up again. The market is waiting for PPI data that could influence Fed policy, but the decline in gold prices is likely to be limited due to trade risks
The price is consolidating in the buying zone relative to the important 2900 - 2908 point. If bulls hold their defenses above 2908, gold could update ATH in the medium term

Resistance levels: 2920, 2929, 2942
Support levels: 2908, 2902

Emphasis on key levels. Gold may test 2908 support before rising further. Also the emphasis is on 2918 - 2920. A price consolidation above this zone will also support the price

Regards R. Linda!