IMPORTANT NEWS TONIGHT
At 1:30 AM (UTC), the Weekly Jobless Claims report will be released, with a forecast of 215K compared to the previous 213K. While gold prices are not currently showing a strong correlation with the USD, the timing of the release coincides with the market session transition, which could lead to significant price fluctuations.
The market's attention is now focused on the negotiations between U.S. President Donald Trump and Russian President Vladimir Putin regarding the Ukraine war. Additionally, Putin has stated his willingness to negotiate on Middle East affairs and Russia’s energy strategy, both of which are crucial factors that could influence gold price trends.
Possible gold price scenarios for tonight:🔸 Scenario 1: Gold drops to $2,946/oz before rebounding toward $2,963/oz.🔸 Scenario 2: Gold drops to $2,936/oz before recovering.🔸 Scenario 3: Gold spikes to $2,963/oz before pulling back.
📌 Scenario 1 is the most likely to occur.
