Scalp_Trader68

The US dollar started the day with a setback, losing ground against most major rivals as investors bet on an upcoming Fed rate cut. The US posted weaker-than-expected inflation figures, with July CPI up 2.9% year-on-year, down from 3% in June. Core CPI up 3.2%, below previous level , but still in line with expectations.The XAU/USD pair peaked at $2,479.80 following the news but has since retreated under pressure from high-yield assets. The market expects that the Fed will cut interest rates at its September meeting, due to falling inflation and concerns about the impact of high interest rates on economic growth.Note the price range:Buy zone: 2426 - 2424Stop loss: 2420Take profit 1: 2435Take profit 2: 2445Sell ​​zones: 2469 - 2471Stop loss: 2475Take profit 1: 2460Take profit 2: 2450

Gold is in “overbought” territory with limited upside potential, according to TD Securities. This view is shared by IG Index and Redward Associates, warning of extreme positions in the gold futures market. Although tensions with Iran have supported gold prices, investor overcommitment means gold is reacting to weak jobs data from the US. The United States in early August remained dull. Asian central banks have been stockpiling gold since the beginning of the year to counter the rise of the US dollar and the decline in the value of regional currencies, due to higher-than-expected US inflation data. Note the price range: Buy zone: 2450 - 2448 Stop loss: 2444 Take profit 1: 2460 pounds Profit 2: 2470 Sell zone: 2500 - 2502 Stop loss: 2506 Take profit 1: 2490 Take profit 2: 2480

Gold prices (XAU/USD) continued to come under selling pressure on Wednesday, marking the second straight day of declines and pulling away from monthly peaks retested earlier this week. General optimism in equity markets has weakened demand for the safe-haven precious metal, although geopolitical tensions from conflict in the Middle East have helped limit declines.Additionally, expectations of deeper interest rate cuts by the Federal Reserve, fueled by signs of softening inflation, supported gold prices. However, traders are still cautious, waiting for more clear signals about the Fed's policy roadmap. Therefore, the market focus today is on US consumer inflation data.Note the price range:Sell ​​zones: 2476 - 2478Stop loss: 2482Take profit 1: 2465Take profit 2: 2455Sell zone 2476 - 2478: +40pipsSELL 2476 - 2478: +140PIPS HIT TP1PLAN SELL 2476 - 2478: +300PIPS

Gold (XAU/USD) prices attracted some selling near their monthly highs early Tuesday, paring some of the previous day’s sharp gains of more than 1%. Positive equity market sentiment has dampened demand for traditional safe-haven assets, putting pressure on precious metals. However, some supportive factors remain, helping to keep gold prices steady and limit deeper declines, especially as investors adjust their positions ahead of the US inflation data release. Note the price range: Buy zone: 2440 - 2438 Stop loss: 2434 Take profit 1: 2450 Take profit 2: 2460 Sell zone: 2500 - 2502 Stop loss: 2506 Take profit 1: 2490 Take profit 2: 2480

Gold prices (XAU/USD) were slightly lower during the European session on Friday, retreating near $2,430 but remaining above the key support level at $2,400. The short-term outlook for gold remains positive as the market expects the Federal Reserve to start cutting interest rates in September, however, investors are still debating whether the Fed will cut by 50 or 25 basis points, with 54.5% expecting a 50-basis point cut. Meanwhile, the US dollar and bond yields fell after the unemployment claims data came in lower than expected. The US Dollar Index (DXY) was down near 103.15, while the 10-year Treasury yield fell to around 3.97%. Despite the drop in unemployment numbers, it was not enough to change expectations for an early rate cut. Range Determination: Buy Zone: 2408 - 2406 Stop Loss: 2402 Take Profit 1: 2416 Take Profit 2: 2430 Sell Zone: 2452 - 2454 Stop Loss: 2458 Take Profit 1: 2440 Take Profit 2: 2430

Gold prices (XAU/USD) rose slightly on Thursday, snapping a four-day losing streak, but have yet to break above $2,400 heading into the European session. Despite signs of recovery, the market remains cautious before forecasting any strong upward moves, although fundamentals appear to favor the upside. Concerns over the economic slowdown in China and the US, along with geopolitical tensions in the Middle East, could be supportive factors for gold prices. Additionally, expectations of a Fed rate cut could weaken the dollar, reinforcing the bullish outlook for the precious metal. Price Range Determination: Buy Zone: 2383 - 2381 Stop Loss: 2377 Take Profit 1: 2390 Take Profit 2: 2400 Sell Zone: 2406 - 2408 Stop Loss: 2412 Take Profit 1: 2400 Take Profit 2: 2390