Prosanto Kumar Bagchi / 个人资料

Multi time frame analysis ,if current market don't cross 2532 label than this market continuously waterfall otherwise it make its new historical label .

#XAUUSDSpot Gold fell to $2,493.46 on Wednesday, retaining the negative tone in the American session but still trading in the red on a daily basis. The US Dollar gained some footing after reaching oversold conditions against most major rivals. The US Dollar Index (DXY) fell to a fresh YTD low of 100.52, meeting buyers near the critical threshold. XAU/USD is purely moving on sentiment, as the macroeconomic calendar remained scarce. The focus remains on upcoming inflation figures, as the United States (US) will release the July Personal Consumption Expenditures (PCE) Price Index next Friday, the Federal Reserve's (Fed) favourite inflation gauge. Market participants have also turned cautious ahead of NVIDIA earning reports, scheduled for after the market’s close. The AI giant is expected to report revenue growth of over 70% in the current quarter, and any divergence will likely spur some wild action early in Asia, exacerbated by the limited volumes at that time of the day. Other than that, Wall Street trades in the red, unable to follow the lead of its overseas counterparts, while government bond yields remain stable near their August lows. At the time being, the 10-year Treasury note offers 3.83%.
If we focuses on gold technical analysis we saw our current market buy stop liquidity is 2532 if it will be broken that situation XAUUSD going to the next historical high created and main target 2600 market price .

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