Gold today

6 days agoGold prices remained steady above the key psychological level of $2,500 on Thursday, as core inflation in the U.S. showed signs of stabilizing, tempering expectations for more aggressive easing from the Federal Reserve. This development pushed the USD closer to its monthly high, slightly limiting the upward momentum of XAU/USD.

From a technical standpoint, the short-term outlook for XAU/USD continues to lean towards the bullish side, even though the upward momentum has yet to fully materialize. The pair remains trading around the EMA 34 and 89 levels, with the overall uptrend across most timeframes supporting the bulls as buyers keep stepping in near these levels. Notably, the EMA still maintains a positive slope, sitting well below the current price, indicating strong potential for further gains. Moreover, technical indicators remain in positive territory, signaling a lack of clear directional strength but still favoring the potential for continued upside growth.

5 days ago

Trade closed: target reached

.