XAUUSD Analysis Thursday 12 MAY 2022

XAUUSD Analysis Thursday 12 MAY 2022

xauusd analysis thursday

XAUUSD Analysis Gold is forming consolidation after the steep fall from Monday. and taking support of its upward slopping trend line which is near $ 1830. If  XAUUSD Analysis, it holds below this mark. then only fresh selling might be come and drag down $1820 and $1805. On opposite side it is taking resistance of 9 DAM. which is near to $ 1860 above. this mark fresh buying till next level of $ 1885 and $ 1900. Further US CPI DATA  jumped 8.3% year-on-year in April. expected a growth of 8.1%, while a growth of 8.5% was recorded in March. The data suggested that inflation may have peaked but remained close to a 40-year high. The data is unlikely to derail the Fed’s aggressive monetary policy plan.

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