XAUUSD ANALYSIS POST GDP AND PCE DATA
XAU/USD (Gold/US Dollar):
Recent Trend: Trending between $2040-$2020 in moderate risk.
Current range: $2040-$2020(Hook Zone)
Trading Range: Based on recent trends and support/resistance levels, trading range for buying or selling stands at highs and lows.
Additional Notes: Waiting for updated support/resistance (SR) range after USA data release.
Recent Trend: Prices are stable in one zone; technical analysis suggests holding trades until a range is activated beyond this zone.
Market News:
Federal Reserve Statements:
Christopher Waller: No rush to begin cutting interest rates.
Jeffrey Schmid: No need to preemptively adjust policy stance; Fed should be patient.
Implication: Hawkish statements suggest reduced likelihood of rate cuts in upcoming meetings (May or June).
Recent Trend: Trending between $2040-$2020 in moderate risk.
Current range: $2040-$2020(Hook Zone)
Trading Range: Based on recent trends and support/resistance levels, trading range for buying or selling stands at highs and lows.
Additional Notes: Waiting for updated support/resistance (SR) range after USA data release.
Recent Trend: Prices are stable in one zone; technical analysis suggests holding trades until a range is activated beyond this zone.
Market News:
Federal Reserve Statements:
Christopher Waller: No rush to begin cutting interest rates.
Jeffrey Schmid: No need to preemptively adjust policy stance; Fed should be patient.
Implication: Hawkish statements suggest reduced likelihood of rate cuts in upcoming meetings (May or June).
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