XAUUSD After PPI news...GoldOANDA:XAUUSDhendraliwHere is the analysis of XAUUSD (gold against the US dollar) following the release of the latest US PPI data, based on current market data and charts : Technical XAUUSD (1 Hour) Last price: $3,646.13 Daily range: Open: $3,642.83 High: $3,647.21 Low: $3,641.81 Stochastic: 45.73 → starting to rise, potential bullish signal RSI: 52.71 → neutral, but leaning upwards The chart shows light consolidation at the resistance area of $3,647, with potential breakout if momentum strengthens. Fundamental: Impact of PPI US PPI falls by 0.1%, surprising the market which expected an increase. This decline reinforces expectations for interest rate cuts by The Fed, as producer inflation weakens. The US dollar is likely to weaken, providing additional support for gold prices. Geopolitical tensions and safe haven demand also support XAUUSD prices. Potential Strategy 1. Bullish Breakout Entry: Buy if the price breaks and closes above $3,647 Target: $3,670 – $3,700 Stop Loss: Below $3,640 2. Rejection Bearish Entry: Sell if a reversal candle appears in the area of $3,647 Target: $3,625 – $3,600 Stop Loss: Above $3,650