PCE Core Drops, Is XAUUSD Ready to Explode?GoldOANDA:XAUUSDShadowReaper_Hello traders! Today, I'll share with you a detailed analysis of XAUUSD, combining important economic news and the current market trend. The US core PCE index for this month is forecasted at 0.2%, lower than the previous 0.3%, indicating a decrease in inflation. This could lead the Fed to maintain low interest rates, which is favorable for gold. When interest rates are low, holding gold becomes cheaper, thus boosting demand and driving gold prices higher. The XAUUSD chart shows a strong upward trend within the price channel. Gold is trading in an ascending channel, with support at 3,715.000 and a target at 3,800.000. If support holds, the price of gold may continue to rise to higher levels. With support from both fundamental and technical factors, the upward trend of XAUUSD is currently very strong. Wishing you successful trades and always finding great opportunities!