old Prices Dip Below $1,700 as CPI and Fed Cues Take Center Stage
Gold prices fell below $1,700 ahead of key economic data.
CPI and Fed Cues Weigh on Gold Prices: Expert Insights
Inflation concerns and Fed decisions impact gold prices.
Expert Trading Tips and Analysis for Gold, Silver, Crude Oil, and Natural Gas
- Gold Trading Tips: Sell gold futures.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Sell on rallies.
- Crude Oil Trading Tips: Monitor oil supply.
- Natural Gas Trading Tips: Track weather forecasts.
Key Market Data:
- Gold prices fell 1% to $1,695/oz
- US CPI rose 0.2% MoM
- Fed meeting minutes released
Market Outlook:
The current market sentiment is bearish for gold.
Technical Analysis: Gold Prices
- Support levels: $1,680, $1,660
- Resistance levels: $1,720, $1,740
Trading Strategies for Gold Amid Economic Uncertainty
Investors await further economic data.
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