const comingEvents = [“US inflation report on Tuesday”, “Fed’s monetary policy announcement on Wednesday”];
The article discusses the potential for heightened volatility in gold prices and the Nasdaq 100 in the coming days as a result of several high-impact events, particularly the U.S. inflation report on Tuesday and the Fed’s monetary policy announcement on Wednesday. The spotlight will be on these events as they are likely to influence market conditions.
The article explains how the U.S. inflation report is expected to affect the cost-of-living growth, and the core gauge is indicative of a sticky and uncomfortably high trend for policymakers. This trend, when combined with a dovish outlook for interest rates, could result in a positive outcome for gold prices and tech stocks. Conversely, a rapid convergence of the inflation to the 2.0% target may lead to a hawkish repricing of the Fed’s path, resulting in a bearish outcome for precious metals and tech stocks.
Additionally, the article looks at the technical outlook for gold and the Nasdaq 100, providing insights into the critical price levels to watch and analyzing market sentiment. It also offers guidance on trading smarter and staying updated with timely market commentary from the DailyFX team.
Looking ahead, the article forecasts potential scenarios for gold and the Nasdaq 100, taking into account the economic calendar and the impact of key market releases. It presents the potential technical movements in gold prices, resistance levels, and identifies potential areas of focus for traders. The technical analysis suggests probable price movements, trade ideas, and identifies key levels where buyers and sellers are likely to become active.
By providing guidance on gold’s outlook and identifying important trends, the article enables readers to make informed decisions and navigate potential opportunities in the markets. Additionally, the focus on the macroeconomic events and their impact on the markets offers additional insights into trading strategies and risk management.
