Gold News: Market Awaits CPI Data and Powell Testimony—Will It Break Out or Correct? – FX Empire
Last week, XAU/USD settled at $2861.25, up $63.31 or +2.26%. Technically, the main trend is up. A trade through $2886.86 will signal a resumption of the uptrend. The nearest support is the former top at $2790.17. While we don’t expect a change in trend, the market is at risk for a shift in momentum or