{"id":193172,"date":"2023-11-14T11:17:45","date_gmt":"2023-11-14T05:47:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=193172"},"modified":"2023-11-14T11:17:45","modified_gmt":"2023-11-14T05:47:45","slug":"xau-usd-loses-traction-below-1950-ahead-of-the-us-cpi-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xau-usd-loses-traction-below-1950-ahead-of-the-us-cpi-data-crypto-news\/","title":{"rendered":"XAU\/USD loses traction below $1,950 ahead of the US CPI data &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>Gold price loses ground around $1,945 ahead of the US CPI data.<\/strong><\/li>\n<li><strong>The geopolitical conflicts in the Middle East could boost safe-haven assets like gold.<\/strong><\/li>\n<li><strong>The immediate resistance level is seen at $1,953; the initial support level will emerge at $1,934.<\/strong><\/li>\n<\/ul>\n<p>Gold price loses momentum during the early European session on Tuesday. Market players will closely monitor the highly-anticipated US Consumer <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Price Index<\/a> (CPI) due later on Tuesday. The headline inflation measure is estimated to grow by 0.1% MoM and 3.3% YoY. The core inflation figures are forecasted to rise by 0.3% MoM and 4.1% YoY. At the press time, gold price is trading around $1,945, losing 0.10% on the day.<\/p>\n<p>On Monday, the White House said US President Joe Biden and Chinese President Xi Jinping are set to meet this week on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. However, the renewed tension between the US and China might exert pressure on the US Dollar (USD) and benefit the gold price.<\/p>\n<p>Furthermore, the geopolitical conflicts in the Middle East remain in traders\u2019 focus. The rising tension could boost the safe-haven flow demand and lift the yellow metal.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Gold Price (XAU\/USD)\u00a0Technical Outlook<\/strong><\/h2>\n<p>According to the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/markets\/commodities\/metals\/gold\">gold price<\/a> will meet the immediate resistance level near a high of September 1 at $1,953. Further north, the next barrier is seen at the middle line of the Bollinger Band at $1,970, followed by a psychological mark at $2,000. On the flip side, the initial support level will emerge near the lower limit of the Bollinger Band at $1,934, en route to the round figure at $1,900 and finally at $1,885 (low of August 17).<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XAU_USD (1)-638355374374990410.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Gold price loses ground around $1,945 ahead of the US CPI data. The geopolitical conflicts in the Middle East could boost safe-haven assets like gold. The immediate resistance level is seen at $1,953; the initial support level will emerge at $1,934. Gold price loses momentum during the early European session on Tuesday. Market players [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,351,257,484,255,250,252,247,253,249,256,254,485],"class_list":["post-193172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-commodities","tag-cryptocurrency","tag-gold","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=193172"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193172\/revisions"}],"predecessor-version":[{"id":193173,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193172\/revisions\/193173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5240"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=193172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=193172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=193172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}