XAUUSD - Prices decrease according to the trend

Gold fell to around $2,325 per ounce on Tuesday as investors await this week’s US economic reports for clarity on the Federal Reserve’s timeline for interest rate cuts. Key focal points include the core PCE index data, the Fed’s preferred inflation measure, alongside consumer spending and income, the third estimate for Q1 GDP growth, and the goods trade balance. Meanwhile, San Francisco Fed Bank President Mary Daly stated on Monday that she does not think the US central bank should lower rates until policymakers are confident that inflation is moving towards 2%.

🔴SELL GOLD: 2341 - 2343, SL: 246

🟢BUY GOLD: 2302- 2300, SL: 2296

⛔️Breakout: top border 2334 - below 2323 - 2316 - 2312

🔼Support: 2316 - 2312- 2306 - 2300

🔽Resistance: 2337 - 2341 - 2345 - 2349 - 2354

GOOD LUCK EVERYONE👍

Commentaire:

Great, support point 2320 is a good psychological barrier