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R.Linda Trading - forecast

XAUSUD / GOLD - Consolidation above 5000 ahead of news...

GOLD Forecast
👑 Ideas For #XAUUSD / #GOLD

📈 Consolidation above 5000 ahead of news...

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GOLD is consolidating around $5,000 in anticipation of key macroeconomic data from the US, which will determine its further direction. Will the bullish sentiment continue?

The USD is strengthening thanks to the Fed's hawkish minutes and strong labor market data.

The escalation of risks of a US strike on Iran and Trump's tough rhetoric are keeping gold buyers in the game. The market is also still pricing in three rate cuts this year, despite the Fed's cautious tone, which generally supports interest in gold.

Today we are awaiting US GDP for Q4: forecast to slow to 3%. PCE inflation (the Fed's favorite indicator): forecast to rise to 2.9%.

Supreme Court verdict on Trump's tariffs.

PMI business activity indices (global background).

The outcome of today's data will determine whether it can consolidate above $5,000 or will return to pressure. Key signal — market reaction to PCE inflation

Resistance levels: 5046, 5090, 5100

Support levels: 5020, 5000, 4988

If the bulls keep the price above the trend line and above the support level of 4988-5000, the market may experience strong support before continuing its growth. Otherwise, gold will continue to form a wide flat: 5050 - 4950 - 4900... Further dynamics depend on economic and geopolitical data