TODAY GOLD'S MARKET
Fundamental Analysis:
-US GDP updates show a 1.6% decrease, lower than expected.
-Inflation rises to 3.7%, surpassing expectations.
-US economy slows, with the lowest GDP since Q1 2023.
-Market predicts no US interest rate decrease until September.
-Weak US dollar boosts XAU/USD value.
Technical Analysis:
-Price surpassing $2330 resistance may indicate continued uptrend.
-Lower US GDP may break through Fibonacci 61.8% resistance.
-Price above $2350 may target resistance near $2390-$2400.
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