Gold price adjusted down large frame - below 3400

27 Apr

XAU / USD trend forecast next week: 28 April - 2 May , 2025

⚠️US Consumer Sentiment deteriorated in April, as shown by the University of Michigan (UoM), which recorded the fourth-lowest figure since the late 1970s.

Looking ahead to next week, traders are focused on the upcoming releases of the US JOLTS report for March, the first estimate of Q1 2025 Gross Domestic Product (GDP), the ISM Manufacturing PMI, and April’s Nonfarm Payrolls data.

As for the likelihood of the Federal Reserve lowering interest rates at the next meeting, traders currently see a 92% probability of rates remaining steady, according to Prime Market Terminal. Still, markets anticipate the Fed funds rate to end the year at 3.45%, reflecting around 86 basis points of easing.

⚠️ Gold price decreased according to the small frame trend line, mainly accumulating the price range below 3400 waiting for new news from tariff negotiations

🚨 note : Resistance zone : $3380 , $3498


🚨note: Support zone : $3195 , $3157


Safe and profitable trading

7 hari lalu

Dagangan aktif

The price of gold returns to the price of 3300 warehouses back