Exploring Gold Price Outlook Amid Confluence Resistance and US PCE Data

Monday, 26 February 2024, 23:50

The post delves into the impact of confluence resistance on gold prices, analyzing the potential scenarios post the U.S. core PCE data release this week. The resistance levels are crucial for bulls, and attention now turns toward monitoring the performance in light of economic indicators.
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Exploring Gold Price Outlook Amid Confluence Resistance and US PCE Data

Gold Price Forecast:

This article evaluates the short-term outlook for gold prices, examining various scenarios that may unfold later in the week following the release of U.S. core PCE data.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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