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XAUUSD: Consolidated with Bearish Outlook Below 2040

Gold prices experienced a brief uptick due to escalating geopolitical tensions. Recent conflicts, such as the drone attack on US bases near Jordan, have increased demand for gold as a haven asset. Additionally, economic factors like the moderate increase in US Core Personal Consumption Expenditures (PCE) data have influenced inflation expectations, further supporting gold's position. This week, gold market volatility could escalate with the Federal Reserve's interest rate decision, exp...
Federal Reserve Bullish Scenario Personal Consumption Expenditures Nonfarm Payrolls Chart Analysis Volume Profile

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