📈Aaj,Hum Sab Market Ke Bare Thora Bohot Sam Jate Hain.Aur Hum Aap Ko Share Karte Hain Sabse Favorite Prodak : Gold Fundamental Analysis: A report from the U.S. Bureau of Labor Statistics (BLS) released on Wednesday shows that the inflation rate dropped from 3.5% in March to 3.4% in April. Traders are worried that the inflation rate might go up. After the inflation data was released, the US dollar and Treasury yields went down, which helped the gold market, causing XAU/USD prices to rise. Gold prices have continued to go up and are now over $2390. The core CPI for April increased as expected, and the overall increase was slightly lower than expected. This initial inflation data will likely reassure the Federal Reserve, allowing them to continue saying that inflation in the U.S. is going down. Technical Analysis: As XAU/USD prices broke above the May 10 high of $2378, this sets up a new trading range between $2380 and $2400. The first resistance level for gold will be $2400. If it goes above this level, the next short-term resistance will be the April 19 high of $2417, followed by the all-time high of $2431. If gold prices drop below $2359, they might fall to the May 9 low of $2306, then to $2300. If prices go below these levels, the next target will be the 50-day SMA at $2249. #XM#fyp#octafx#KVB#exnessbroker#vantage#financialplanning#FinancialFreedom#financialadvisor#FinancialIndependence