#GOLD ($XAU
/ XAUUSD) —
Market Snapshot
Price: ~$2,030–2,060 (range-bound)
Trend: Neutral → Bullish bias
Volatility: Moderate (news-driven)
Key Drivers (Today)
📉 USD weakness → supports gold
🏦 Rate-cut expectations → bullish
🌍 Geopolitical risk → safe-haven demand
📊 US data (CPI / PPI / Jobs) → short-term volatility trigger
Levels to Watch
Support: $2,020 / $2,000
Resistance: $2,060 / $2,085
Break above $2,085 = bullish continuation
Lose $2,000 = short-term bearish
Bias
Intraday: Buy on dips
Swing: Bullish while above $2,000
Risk Note
High impact news = fake breakouts possible
Use SL, don’t over-leverage
#XAUUSD #InflationHedge #Commodities #Trading