Product: XAU/USD Prediction: Increase Fundamental Analysis: Central Banks: Reducing U.S. dollar investments, increasing gold reserves due to geopolitical tensions and economic uncertainty. Upcoming Data: U.S. CPI and retail sales data expected to impact gold prices. Middle East Situation: Tensions between Iran and Israel could influence gold demand. Market Trends: Geopolitical tensions typically boost gold, but recent market behavior shows other factors affecting gold's performance. Technical Analysis: RSI Movement: After falling below 50, the RSI rose to 60, indicating seller hesitation. Resistance Levels: $2470-$2480 (first resistance) $2500 (key psychological level) $2580 (upper trend channel limit if $2500 holds) Support Levels: $2410-$2400 (short-term support) $2370 (50-day moving average) $2350 (100-day moving average)

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XAU/USD Update: Bearish Trend Ahead? Prediction: Increase Fundamental Analysis: XAU/USD continues to dip, trading around $2,380 as market panic subsides. Stock markets are rebounding, reducing gold’s appeal, while US bond yields rise, strengthening the US Dollar. Despite concerns about the US economy, expectations for significant interest rate cuts persist. Technical Analysis: Gold is testing the 50% Fibonacci retracement of its June/July rally at $2,388.70, with technical indicators suggesting a bearish outlook. Recent support around $2,411.20 may weaken, while the 4-hour chart shows stronger bearish signals. Support Levels: 2,372.90, 2,366.00, 2,352.40 Resistance Levels: 2,411.20, 2,424.10, 2,438.80 For detailed insights, click the link: https://shorturl.at/Fwn9p

Gurdip Singh

Product: XAU/USD Prediction: Increase Fundamental Analysis: Producer prices surged, yet failed to cool gold's ascent. Gold poised above $2,400 for two weeks; new highs anticipated. Powell's dovish remarks and lower CPI inflation boost gold's momentum. Core inflation at 3.0%, lowest since April 2021, fuels optimism. Technical Analysis: XAU/USD nears $2,450 peak, consolidating since April within $2,280-$2,450. Long-term trend bullish, likely breaking above current range soon

Gurdip Singh

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Gurdip Singh