Gold Price Forecast: XAU/USD pokes $1,935 hurdle as market brace for US inflation – Confluence Detector

Gold Price pares weekly losses at the lowest level in a month, seesaws around intraday top of late.Risk catalysts eyed for clear directions amid a light calendar, banks, economic slowdown in focus.Gold Price

Looking ahead, a lack of major data/events may allow the Gold traders to consolidate the weekly loss before Thursday’s all-important US CPI. Should the US inflation data suggest easing price pressure, the XAU/USD may extend the latest rebound.Gold Price: Key levels to watch Following that, the Gold buyers can aim for the $1,945 resistance including Fibonacci 38.2% on one-week, Pivot Point one-day R2 and 50-DMA.

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