As we emerge from the market turbulence of last week, it's time to approach the new week with a clear vision. Imman Profit presents a dedicated roadmap, based on data from major banking institutions (ING & Danske), to help you navigate the market:
ING: The Hormuz bottleneck and the ceasefire agreement with Hezbollah have, for now, halted the free fall of gold prices. Meanwhile, oil prices around $95 per barrel are fueling inflation!
Danske Bank: The Federal Reserve may consider another interest rate hike; this means gold must fight to survive.
DXY: The US dollar index is hovering around 100; be prepared for significant price fluctuations upon the slightest spark.
2. The Fateful Day (Wednesday, June 10th)
16:00 - Release of US CPI (Consumer Price Index):
- If the year-over-year inflation rate exceeds 4.2%, gold is expected to drop to 4270 (temporary exit)
- If the year-over-year inflation rate falls below 4.0%, gold is expected to surge to 4380 (buying opportunity)
3. Imman Profit's Golden Levels (XAUUSD)
- Critical Support: 4300 - 4295 USD (bouncing off the trend's uptrend)
- Confirmatory Buy Signal: Holding above 4345 USD
- Target for the week: Range of 4380 - 4400 USD
Special Note: Tomorrow morning, keep an eye on the Chinese Central Bank's (PBOC) foreign exchange reserves report. Any new purchases by the Chinese central bank will spark a gold explosion!
Trading is about Risk Management, Not Divination! Stay up-to-date with real-time updates and entry points only through Imman Profit's channel.
Sincerely,
Iman Qasemi
@ImanProfit
#EN
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