XAUUSD started the week with a bearish move at 1286.00 region.Breaking of the neckline at 1280.50 with macroeconomic data releases from the U.S. including U.S New Home Sales, the US Dollar Index is edging higher, keeping the bearish pressure on the pair intact as XAUUSD bears dropped till 1266.00, forming a new low for the month. Rebounding at 1271.00 last week, XAUUSD bulls have been taking control over the market for three consecutive days reaching 1288.70. In today’s early trading sessions, XAUUSD tried to retrace at 1285.10 but couldn’t managed to move further upside. The core Personal Consumption Expenditure (PCE) Price Index, the Fed’s preferred gauge of inflation, fell to 1.6% in March to miss the market expectation of 1.7%. On a positive note, personal spending increased by 0.9% in the same period following February’s reading of 0.1%. Post release,as of writing XAUUSD trading at 1278.34 broke the ascending hourly trendline with a great volatility with -0.58% drop for the day destroying the last week’s gain.

XAUUSD TODAY:
Daily open: 1285.90
Daily Last high: 1286.71
Daily Last Low: 1278.15
Daily current growth: -0.51%