Gold edges lower to near $4,400 as Iran-US tensions counter support from tame US inflation
Gold confirms a bullish reversal above key resistance, strengthening the case for an advance toward the 200-day moving average near $4,502.
Gold has priced a Fed pause. The hike is still coming
Gold price shines above $4,400 as inflation dip fuels Fed relief
Precious metals moved higher as U.S. Inflation Rate declined to 3.4%.
We expect much higher prices into 2030/2031, with the strongest gains likely to occur during the final 12 months of the bull market.
Gold – Potential reversal play [Video]
Gold managed to met the second target of 4382 to pass above it. As we see from the Intraday chart and as long as the market remains below the resistance of 4435, the chance for a correction is likely with support at 4300.
We're less than an hour away now from that, so it is finally about time to see some action in markets after a more tentative setup in the past few days.
Gold rises above $4,400 as US inflation data takes centre stage
CPI decides whether gold buyers clear $4,435.25 and target the 200-day average or trigger a deeper XAUUSD correction.