#analysis 1hrs chart

#GOLD_UPDATE -holds steady but could rise on tariff developments.

#TechnicalAnalysi : XAU/USD #CPIWatch

On the H1 chart, the correction to 3,340 has completed, and the next growth wave towards 3,400 is underway. Today, we expect an advance to 3,370, after which a brief consolidation phase may form. A breakout above this range would reinforce bullish momentum towards 3,400. The Stochastic oscillator aligns with this outlook, with its signal line above 50 and rising sharply towards 80.

Conclusion

Gold’s near-term trajectory hinges on trade policy shifts and US economic data, while technical indicators suggest further upside potential after consolidation.