Geopolitical Tensions: Ongoing conflict in the Middle East (Israel/Iran) continues to support gold as a safe-haven asset.
US Economic Data: Soft May CPI (+0.1%) and PPI readings reinforce the case for a potential rate cut later in the year. #XAUUSD#GoldAnalysis#ForexWeekly
#xauusd#gold is currently trading within a consolidation range. A sustained break above 3310.50 could trigger a fresh rally to 3336 all the way up to 3360.
A breakout above 3360 may attract bullish momentum, targeting a retest of April’s all-time. 3500.
Federal Reserve maintained its cautious stance, leaving interest rates unchanged at 4.25%–4.50%. The minutes highlighted uncertainties surrounding the economic outlook, with officials noting risks of both higher unemployment and inflation.
#xauusd#gold
FOMC Caution Reminder:
• Don't enter new positions 30–60 minutes before or after the FOMC minutes are released.
• FOMC minutes often cause a fake move
first, then a reversal. Wait for the real direction to be confirmed with volume and structure.
#XAUUSD#gold