The broader trend in gold remains bullish, with the $3,000 level as an important psychological target. Strong, safe demand driven by US trade tensions and escalating sustained inflation risks supports further benefits. Next week, traders will focus on core personal consumption spending (PCE) deflators, with economists expecting a 0.3% increase.
Other important reports include US consumer confidence on Tuesday and new home sales on Wednesday. If PCE data confirms rising inflationary pressures, it could enhance the appeal of gold as a hedge against rising prices and economic uncertainty. Given the current macroeconomic background, gold is positioned continuously and continuously as investors seek stability and inflation protection.
Technically, the main trend is rising. Trading through $2954.96 indicates a reopening of uptrends. This trend changes to a downward trend with a $2536.85 move, which is almost unlikely. Nevertheless, if profits continue this week, it could be drawn to the 50% level at $2745.91 in the short term.
Details of the economic calendar.
