XAU price at peak and waiting for US inflation data

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Since mid-February, gold prices have increased more than 17%, which surprised observers because they could not find any clear motivation for this push. In particular, investors' confidence in the Fed cutting interest rates three times by 25 bps each time is gradually fading and the market is currently only predicting two cuts.
According to many experts, the strength of gold in the past and the future is no longer governed by economic data and traditional US market psychology as before, but has become a global currency. According to forecasts, gold prices will set many new records.

On Kitco, expert Nicholas Frappell from ABC Refinery predicts that gold will continue to increase in price when the risk-hedging motivation of investors from Western stock markets increases sharply, as well as the strong buying motivation because of a China's economy weakens.

According to a survey by Kitco, 75% believe that gold prices will increase in the near future, while 8% predict a decrease.
BUY XAU 2350 - 2355
TP1: 2365
TP2: 2375

SL: 2340

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