XAUUSD: Gold defines a range but upside remains favored
Spot Gold peaked at $2,048.14 a troy ounce in the aftermath of the United States (US) inflation data announcement but currently trades in the red in the $2,025 region. XAU/USD soared as the US Consumer Price Index (CPI) rose by 4.9% YoY in April, slightly below the 5% expected, and by 0.4% MoM, in line with the market expectations. Inflation keeps running hot in the world’s largest economy but, indeed, continues to ease from the record highs posted in mid-2022.
Buy GOLD 2028 - 2025
Stoploss: 2022
Take profit 1: 2033
Take profit 2: 2037
Take profit 3: 2043
Sell GOLD 2043 - 2047
Stoploss: 2051
Take profit 1: 2035
Take profit 2: 2025
Buy GOLD 2028 - 2025
Stoploss: 2022
Take profit 1: 2033
Take profit 2: 2037
Take profit 3: 2043
Sell GOLD 2043 - 2047
Stoploss: 2051
Take profit 1: 2035
Take profit 2: 2025
Trade closed: target reached
BUY 2025 => to 2041. +160pips ✅✅✅
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.