Gold : Neutral Between 3,640–3,657, Breakout to Decide

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Gold – Overview

Gold hit a fresh record high at $3,659 on Tuesday, supported by weak U.S. jobs data and growing bets on Fed rate cuts. Traders now await key U.S. inflation releases – PPI on Wednesday and CPI on Thursday – which could drive the next major move.

📊 If inflation comes in hotter than expected, gold risks a sharp correction.

📊 If inflation is weaker, expectations for a 50 bps Fed rate cut could lift gold further.

Technical Outlook:

🔻 While below 3,657, price may correct toward 3,640. A 15M close below 3,640 would extend the decline to 3,629.

🔺 Stability above 3,657 on a 15M close would support further upside toward 3,665 → 3,683.

Key Levels:
Pivot: 3,657
Support: 3,640 – 3,629 – 3,612
Resistance: 3,665 – 3,683

previous idea:

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Dagangan aktif

GOLD – Market Overview

Gold has been lifted by Fed rate cut expectations and safe-haven flows, but all eyes are now on today’s U.S. PPI report, which will likely set the next move.

📈 If PPI comes in softer than expected, Gold could rally toward 3,657 → 3,665 → 3,684 (new ATH).
📉 If PPI beats expectations, price may fall back toward 3,629 → 3,612 → 3,600.

Key Levels

Pivot: 3,640

Resistance: 3,657 – 3,665 – 3,684

Support: 3,629 – 3,612 – 3,600

📌 Market bias: Neutral for now; expect volatility around PPI release.