This article discusses the fundamental and technical outlook for gold prices ahead of next week's key U.S. inflation data, examining possible scenarios that could develop in the near term.
Conversely, if CPI figures surprise to the downside, the opposite scenario may play out, particularly if the miss is significant. This could lead to lower yields and a softer U.S. dollar, boosting gold prices in the process. Regardless of the outcome, volatility should make an appearance in the coming week.
Gold fell modestly this past week, but lacked a strong directional bias, with the metal moving up and down around the 50-day simple moving average, a clear sign of consolidation. The market's lack of conviction is not likely to end until prices either breach resistance around $2,065 or support near $2,005.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gold Price Forecast: US Inflation Data to Guide Trend; XAU/USD Levels AheadThis article focuses on gold’s fundamental and technical outlook, pinpointing significant catalysts for volatility and essential price thresholds that could act as support or resistance in the coming days.
Baca lebih lajut »
EUR/USD Forecast: Cautious buying loses momentumFinancial markets extend the cautious trading on Wednesday amid mixed comments from Federal Reserve (Fed) officials and Chinese woes, although the US Dollar remains under modest selling pressure.
Baca lebih lajut »
AUD/USD Forecast: Recovery gathers further paceThe Aussie dollar found another excuse to extend the weekly bounce in the continuation of the downward bias in the greenback on Wednesday.
Baca lebih lajut »
EUR/USD Forecast: Break through 1.0700 on the tableThe EUR/USD pair bottomed for January at 1.0723 on Monday and trades nearby as the new day develops.
Baca lebih lajut »
Japanese Yen Forecast: Technical Trade Setups on USD/JPY, EUR/JPY and GBP/JPYThis article examines the short-term technical outlook for the Japanese yen, focusing on three popular and highly liquid currency pairs: USD/JPY, EUR/JPY and GBP/JPY.
Baca lebih lajut »
Japanese Yen Forecast: Bearish Signs Build; Setups on USD/JPY, EUR/JPY, GBP/JPYThis article focuses on the technical outlook for USD/JPY, EUR/JPY and GBP/JPY. The piece also assesses key price levels that should be on every currency trader’s radar, discussing their potential roles as support or resistance in the coming days.
Baca lebih lajut »