Gold Falls, Dollar Rises After US Inflation Data

The dollar's rise following US inflation data could affect technology companies' exposure to exchange rates. GOOGL is trading above its 20- and 50-day moving averages and showing a bullish MACD signal, indicating a strong short-term trend. However, a stronger dollar and potential interest rate hikes may slightly weigh on growth expectations. Therefore, over a 1-3 day period, the price is expected to tend toward a slight decline or remain stable. Investors should be cautious of short-term fluctuations.

The decline in gold prices and the strengthening dollar could create downward pressure on GLD in the short term. However, although the RSI at 69.6 is close to the overbought threshold, there is not yet a clear reversal signal; MACD remains in positive territory and the price is trading above SMA20/SMA50. Despite the 1.95% rise over the past 24 hours, the news flow is pointing in the opposite direction, so a limited pullback can be expected. Nevertheless, given the strong technical picture, the decline is likely to remain limited. Caution is warranted.

The rise in the dollar index following the US inflation data is a short-term positive signal for DXY. The price is trading at 102.01, above the SMA20 (101.70) and SMA50 (101.92), supporting an upward trend. The RSI is at 65, near but not yet in overbought territory; the MACD is above the signal line in positive territory. However, the elevated RSI indicates limited upside potential, so confidence is kept moderate at 0.62. The resistance zone of 102.20-102.50 may be tested within 1-3 days.