XAUUSD - Prospects continue to increase!
Gold Price Update:
Hey everyone! Gold is making moves, hitting the $2,357 mark early Wednesday thanks to a weaker USD after the US Producer Price Index (PPI) data dropped. The numbers showed inflation is still in the mix, with the monthly PPI up 0.5% in April, a jump from -0.1% in March, and beating the expected 0.3%.
Looking Ahead:
Gold has found new support around $2,335 after touching the 34 EMA. It's currently on an upward trend, cruising above the 34 and 89 EMAs. This is a positive sign for XAUUSD and is looking good for buyers this week.
I’m feeling bullish on gold in the short and medium term. What about you? What’s your take?
Hey everyone! Gold is making moves, hitting the $2,357 mark early Wednesday thanks to a weaker USD after the US Producer Price Index (PPI) data dropped. The numbers showed inflation is still in the mix, with the monthly PPI up 0.5% in April, a jump from -0.1% in March, and beating the expected 0.3%.
Looking Ahead:
Gold has found new support around $2,335 after touching the 34 EMA. It's currently on an upward trend, cruising above the 34 and 89 EMAs. This is a positive sign for XAUUSD and is looking good for buyers this week.
I’m feeling bullish on gold in the short and medium term. What about you? What’s your take?
Operación activa
Operación cerrada: objetivo alcanzado
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
Ideas relacionadas
XAUUSD
Trader_BrianFX
Premium
about XAUUSD