XAUUSD:PPI! Catalyst for Uptrend! XAU Set to Rise!

12 sept⭐️ Smart Investment, Strong Finance

⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) have trimmed some intraday gains but remain above $2,500 during early European trading on Thursday. Wednesday's US CPI report revealed persistent inflation, reducing hopes for a larger Fed rate cut. This raised US Treasury yields and the Dollar, putting pressure on gold.

A positive equity market tone also limits gold's upside. However, expectations of a Fed rate cut in September, with further easing later in the year, continue to support prices. Traders are now waiting for the US PPI data for more clarity on market direction.

⭐️ FrankFx’s Personal Comments:
The long-term outlook supports an uptrend. A new all-time high (ATH) could be on the horizon.

⭐️ Gold Price Setups:

🔥 BUY GOLD zone: $2503 - $2505 | SL: $2498
- TP1: $2510
- TP2: $2520
- TP3: $2530

🔥 BUY GOLD zone: $2492 - $2490 | SL: $2485
- TP1: $2497
- TP2: $2503
- TP3: $2510

🔥 SELL GOLD zone: $2543 - $2545 | SL: $2550
- TP1: $2535
- TP2: $2520
- TP3: $2510

⭐️ Technical Analysis:
Using EMA 34, EMA 89, and key support/resistance areas to guide these buy orders.

⭐️ NOTE:
FrankFx advises careful capital management:
- Choose lot sizes that fit your capital.
- Aim for 4-6% profit of your account.
- Set stop loss at 2-3% of your account.
- True success comes from staying in the market for the long run.