After the deeply reduced version, how is the Gold price today ?

Gold prices rebounded to the significant level of $1,950 today after a sharp decline yesterday. The US Department of Commerce reported a core personal consumption expenditure (PCE) price index increase of 0.2% last month, following a 0.3% rise in May. This inflation growth aligns with economists' expectations.
In the past 12 months, inflation has increased by 4.1%, a significant decrease from the 4.6% rise in June. Annual inflation has also slightly decreased compared to economists' expectations (4.2%). Although inflation remains high, some analysts note that it is continuing to decrease. This may convince the Fed to maintain interest rates in September. The possibility of the central bank easing its policy further supports the price of gold.
In the past 12 months, inflation has increased by 4.1%, a significant decrease from the 4.6% rise in June. Annual inflation has also slightly decreased compared to economists' expectations (4.2%). Although inflation remains high, some analysts note that it is continuing to decrease. This may convince the Fed to maintain interest rates in September. The possibility of the central bank easing its policy further supports the price of gold.
Nota
Former US President Donald Trump said today, Friday, that he will not end his 2024 presidential campaign even if he is proven guilty and sentenced on several charges against him.Trump's comments come a day after federal prosecutors expanded the scope of the investigation into the case against him regarding his handling of classified documents after leaving office.
Nota
According to CME Group's FedWatch tool, most investors believe that the Fed last increased interest rates in July. Interbank borrowing costs in the US have risen by an additional 25 basis points, ranging from 5.25% to 5.5%. When interest rates stop rising, the USD will become less attractive to foreign investors seeking high returns, meaning that this currency may weaken compared to its counterparts.Nota
DXY above 101.5 supports the bull side, below 101.5 but above 100.5 is a competitive zone where prices are likely to move sideways. DXY bulls will gain strength if it surpasses 102.00. The range of 17.4 is significant for the Strength indicator, with support at 17.35 and resistance at 17.5.
Gold is currently constrained and influenced by DXY, with a trading range of 1965-1952.
Nota
🕯 SELL GOLD | 1968 - 1965🔴 SL: 1973
🟢 TP1: 1955
🟢 TP2: 1945
🕯 BUY GOLD | 1945 - 1942
🔴 SL: 1937
🟢 TP1: 1950
🟢 TP2: 1955
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