Product: XAU/USD Prediction: Decrease Fundamental Analysis: Gold (XAU/USD) has been trading in a range between $2,270 and $2,450 in recent weeks, with volatility driven by various economic factors. The release of lower-than-expected US Producer Price Index (PPI) data for May suggests the Federal Reserve (Fed) may move to cut interest rates sooner, supporting gold by reducing its holding cost. However, the Fed's more sober assessment of future rate cuts, as shown in the Summary of Economic Projections (SEP), has tempered market optimism, leading to a pullback in gold prices. The cooler-than-expected Consumer Price Index (CPI) data also triggered a sell-off in the US Dollar, which is negatively correlated to gold. Despite a buoyant labor market and rising wages, the Fed's cautious approach has dampened expectations of lower interest rates, influencing gold's performance. Technical Analysis: Gold appears to be forming a bearish Head-and-Shoulders (H&S) pattern, which could signal a potential trend reversal. The formation of the left and right shoulders, along with the head, and a declining trading volume, corroborates the pattern. A decisive break below the neckline at $2,279 would validate the H&S and activate downside targets at $2,171 and $2,106. Conversely, a break above $2,345 could bring the H&S pattern into doubt and indicate a continuation towards the $2,450 peak. Click link below : https://mykvb.com/register?vco... #KVB #tradingindonesia #Businessmanager #Relationship #Relationshipmanager #indonesia #vietnam #Signal #COPYTRADE #XM #Exness #mytradingstory #forexmarket #FOLLOWMEGuideBook #OPINIONLEADER #tradingvietnam #trader #tradingview