Gold
XAU
$4676.39
is trading at $4,676.39, showing a daily increase of 0.02% and being above MA-20 ($4,626.96) and MA-200 ($4,434.84), but below MA-50 ($4,922.83), reflecting a short-term bullish stance within a broader medium-term correction.
Unexpectedly strong employment data in the USA lowered expectations for a Fed rate cut in April to 0% and in December to 14%, putting pressure on the prospects for XAU.
Rising oil prices and ongoing tensions in the Middle East amplify concerns about inflation, strengthening expectations for a prolonged tight monetary policy.
Gold is trading with a short-term bullish bias within a medium-term correction, with a high probability of maintaining a range between $4,564 and $4,814 this week due to conflicting signals on momentum.$XAU
#XAUUSD $XAU
XAU
$4676.39
is trading at $4,676.39, showing a daily increase of 0.02% and being above MA-20 ($4,626.96) and MA-200 ($4,434.84), but below MA-50 ($4,922.83), reflecting a short-term bullish stance within a broader medium-term correction.
Unexpectedly strong employment data in the USA lowered expectations for a Fed rate cut in April to 0% and in December to 14%, putting pressure on the prospects for XAU.
Rising oil prices and ongoing tensions in the Middle East amplify concerns about inflation, strengthening expectations for a prolonged tight monetary policy.
Gold is trading with a short-term bullish bias within a medium-term correction, with a high probability of maintaining a range between $4,564 and $4,814 this week due to conflicting signals on momentum.$XAU
#XAUUSD $XAU