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Gold Price will Break in some Correction
XAU/USD market due to the upcoming high-impact data releases, such as the Consumer Price Index (CPI) and Producer Price Index (PPI). The reduction in expectations for a rate cut this year could strengthen the US Dollar, leading to a possible correction in Gold prices.
Resistance Zone 2775/2680
Support Levels 2655/2640
If Gold breaks below the key support level of 2666, the next support targets would be 2655 and 2640. These levels are important because they mark potential areas where Gold could face additional pressure if the US Dollar strengthens following the data release.
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Resistance Zone 2775/2680
Support Levels 2655/2640
If Gold breaks below the key support level of 2666, the next support targets would be 2655 and 2640. These levels are important because they mark potential areas where Gold could face additional pressure if the US Dollar strengthens following the data release.
Rate Share your idea what's Price will React.
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