Gold Prices Retreat Ahead of Key Economic Event on Nostr: Gold Price Forecast: XAU/USD Range-Play Extends Ahead of US Retail Sales Data, ...
Gold Price Forecast: XAU/USD Range-Play Extends Ahead of US Retail Sales Data, Fedspeak
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#0f42923f ver:0.54
Gold price remains uncertain as traders respond to mixed macroeconomic signals and cautious statements from Federal Reserve officials. Technical analysis shows a bearish Head-and-Shoulders pattern, with a break below $2,279 activating downside targets. The People's Bank of China has stopped buying gold, suggesting a price cap may have been reached. The future trajectory of US interest rates and the upcoming US Retail Sales data will impact gold's performance. The upside is capped at $2,345, while the downside is guarded by the May 3 low of $2,277. #GoldPrice #Fed #InterestRates #USRetailSales...
#newstr #GoldPrice #Xau/usd #UsRetailSales #Fedspeak
https://here.news/story/0f42923f?ver=0.54
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#0f42923f ver:0.54
Gold price remains uncertain as traders respond to mixed macroeconomic signals and cautious statements from Federal Reserve officials. Technical analysis shows a bearish Head-and-Shoulders pattern, with a break below $2,279 activating downside targets. The People's Bank of China has stopped buying gold, suggesting a price cap may have been reached. The future trajectory of US interest rates and the upcoming US Retail Sales data will impact gold's performance. The upside is capped at $2,345, while the downside is guarded by the May 3 low of $2,277. #GoldPrice #Fed #InterestRates #USRetailSales...
#newstr #GoldPrice #Xau/usd #UsRetailSales #Fedspeak
https://here.news/story/0f42923f?ver=0.54