Gold Fluctuates After US Inflation Data: Spot Price at $4,350

Following the release of US inflation data, the spot price of gold experienced sharp fluctuations. Initially dropping to $4,292, gold then reversed course and tested above $4,360. As the initial selling pressure quickly dissipated, buyers regained control. Gold stabilized around $4,350 and traded sideways. After this volatility, market participants turned their attention to the Fed's monetary policy moves. The impact of the inflation data on the Fed's interest rate decisions is being closely watched. This fluctuation in the spot price of gold once again highlighted the precious metal's sensitivity to inflation data. Not investment advice.

📊 GLD — Piyasa Yorumu

■ neutral · 55%

GLD has risen 1.52% in the last 24 hours, with spot gold fluctuating around $4,350. The RSI at 32 is near oversold territory, which could support short-term rebound buying. However, the MACD is below its signal line and in negative territory, and the price is trading well above the SMA20 and SMA50, increasing the risk of overbought conditions. Uncertainty persists following the inflation data, and the news flow does not provide a clear direction. Therefore, I expect a sideways/volatile trend in the 1-3 day outlook.

RSI 14

32.3

MACD

-2.07

24h Δ

1.52%

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