๐ Market Impact โ US PPI Surprises at 3.3%
The US Producer Price Index (PPI) came in hotter than expected at 3.3%, sparking renewed inflation fears and fueling speculation that the Fed may keep rates higher for longer. This caused a sharp pullback in both equities and crypto, as traders adjust to the prospect of tighter monetary conditions. Expect heightened volatility in the short term, with potential liquidity sweeps before the market finds a clear direction. If risk-off sentiment strengthens, gold could be a strong safe-haven play.
๐น Trade Setup
Gold (XAUUSD)
Buy Zone: 1915 โ 1925
Targets: ๐ฏ 1940 โ ๐ฏ 1955 โ ๐ฏ 1970
Stop Loss: 1905
Key Level: 1920
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