Harusaki

Fundamental Slower US GDP growth and rising unemployment claims weaken the Greenback. Traders eye April’s PCE inflation data, which could dictate XAU/USD’s direction. Traders are anticipating the release of April’s Personal Consumption Expenditures (PCE) Price Index, which is the Fed’s preferred measure of inflation. The core PCE figure is expected to be 2.8% YoY, while the headline PCE is projected to increase by 0.3% MoM. In case of the hotter-than-expected inflation data, this might provide some support to the Greenback and cap the upside for gold price. Technical Gold price remains positive on the daily chart. The price bounced from 2320 yesterday. The Kijun Sen is flat, indicating that the price may move towards it. Disclaimer: This is not a trading signal. Enter at your own risk. I am not entering a new position now. I have already longfrom $2340 and placed my stop-loss in the profit zone.The price has not been able to break below the Tenkan Sen and remains above it. This indicates that the price may attempt to reach last week’s high.

Falling Three Pattern on the Daily Chart A falling three pattern has formed on the daily chart. If the price breaks below the Kumo, it could reach $2285 by Monday. Disclaimer: This is not a trading signal. Enter at your own risk. I am not entering a new position now. I have already shorted from $2361 and placed my stop-loss in the profit zone.

Beautiful N Pattern in Gold Towards $2300 Disclaimer: This is not a trading signal. Enter at your own risk. I am not entering a new position now. I have already shorted from $2361 and placed my stop-loss in the profit zone.Price can not break below 2320. Gold (XAU/USD) recovers and trades in the $2,340s on Thursday after the US Dollar (USD), to which it is negatively correlated, weakens following the release of the second estimate of US GDP data, which was revised down due to slower consumer spending. Closed at $2348