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#AUDCAD ANALYSIS

WEEKLY OUTLOOK 👇

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Gold rose 0.6 percent to $2329.39 on Thursday after U.S. Treasury yields rose as economic data showed signs of steady inflation, raising hopes for U.S. Fed cuts soon. Gold fell more than $100 to $2,431.29 amid geopolitical unrest. US economic growth was slower than expected in the first quarter, but rising inflation suggested the Fed would not cut interest rates before September. "Gold is trading on additional data points, suggesting the Fed is not in a position to cut interest rates anytime soon," said Bob Haberkorn, senior market strategist at RJO Futures. "After gold's sharp move in recent weeks, it is in the process of consolidating," said David Meagher, director of metals trading at High Ridge Futures. "Certainly this could change in the short term if we see the inflationary print coming out and inflation coming down further."

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🛑 Gold Analysis Today 🛑        👉 Support = 2294 👉 Resistance = 2344 👉 Trend = Flate 👉 Keep eyes on Fundamental news, because any time unexpected change possible 👉 Our News signals 100% guaranteed (Remember) 💯💯 👉 Check our news signals And Forex account management service available (Mt4 & Mt5) Premium Signals👇Channel Prices 🔘1 Month: $40 🔘3 Months: $60       🔘6 Months: $110 🔘 Lifetime : $250 🔰Recommended  broker 🔰 Low speed instant withdrawal https://one.exness-track.com/a/xdtvohdhsz https://fbs.partners?ibl=811940&ibp=33755554 https://my.roboforex.com/en/?a=nrab https://octafx.page.link/gwCp 👆👆👆👆👆👆👆👆👆👆👆 Open trusted trading account Only Interested person contact our admin 👇👇👇👇👇👇👇👇👇👇👇👇👇 📲  https://t.me/Wavefx_admin

📉Dollar Index looks very bearish after the release of PMI data today. The market violated a major demand area. Looks like the Index will drop lower!

XAUUSD Technical Overview 📈 ============================== We can see that gold has respected the 2294 support and is getting price resistance at the 2333 resistance zone. If the price can cross 2333 in the current context then it seems to test 2354 resistance. However, if price fails to cross 2333 then it may retest 2315 TO 2294 support ——————————————————————————-- If you want my special support, sign up for an account with my partner broker, and get membership to my private channel. Best Broker Link Click here

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