XAUUSD Chart Technical Outlook remains steady with $2,530 still on the bulls’ focus
US CPI numbers revealed sticky inflation levels. Headline CPI advanced at a steady 0.2% opaque, while the core reading accelerated against expectations. These figures dampened hopes of aggressive Fed easing next week and provided a fresh boost to the US Dollar.
Gold prices, however, have remained fairly steady, with support at $2,500 holding bears for now. Below here, the next targets are $2,485 and the bottom of the recent range, at $2,470.
The broader upside trend remains intact with $2,530 resistance area at a short distance. US PPI and Jobless Claims will be on focus today. Above $2,530, the next target would be $2,550.
