Gold Price Forecast: XAU/USD bulls move into a trap after Consumer Price Index rally?

United States News News

Gold Price Forecast: XAU/USD bulls move into a trap after Consumer Price Index rally?
United States Latest News,United States Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Gold Price Forecast: XAU/USD bulls move into a trap after Consumer Price Index rally? Gold SEO Commodities DollarIndex CPI

Instead, we got a burst through the head of the head and shoulders as follows:Gold price is now treading water above the summer 2022 highs of near $1,880. This will have added to net longs in the market and therefore, a rebalancing of shorts would be expected to emerge over the coming days.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the market Thursday: CPI matches, Peltz Disney fightJim Cramer's top 10 things to watch in the market Thursday: CPI matches, Peltz Disney fightJim Cramer's top 10 things to watch in the market Thursday: CPI matches, activist Peltz Disney fight
Read more »

China Consumer Price Index and China Producer Price Index fail to move the needle in AUD/USDChina Consumer Price Index and China Producer Price Index fail to move the needle in AUD/USDThe China Consumer Price Index and the China Producer Price Index that are released by the National Bureau of Statistics of China have been released a
Read more »

Gold Price Forecast: XAU/USD bulls cheer softer DXY above $1,870 support, US inflation eyedGold Price Forecast: XAU/USD bulls cheer softer DXY above $1,870 support, US inflation eyedGold price (XAU/USD) clings to mild gains around $1,885 as expectations for softer US inflation underpin cautious optimism during early Thursday. As a
Read more »

Gold Price Forecast: XAU/USD keeps sight on $1,900 as bulls fight back controlGold Price Forecast: XAU/USD keeps sight on $1,900 as bulls fight back controlGold price is seeing fresh demand early Thursday as XAU/USD bulls refuse to give up, FXStreet’s Dhwani Mehta reports. Favorable daily technical setup
Read more »

USD Index Price Analysis: Losses could accelerate below 102.90USD Index Price Analysis: Losses could accelerate below 102.90DXY keeps treading water around the 103.30 zone on Wednesday. Bearish moves could put the so far January low at 102.94 (January 9) to the test in the
Read more »



Render Time: 2025-02-21 11:24:49