Xauusd sentiment chat 30 mint

**XAU/USD Sentiment Analysis**: The sentiment for XAU/USD is currently bearish, with the market struggling to maintain the $2,500 level. Here's a 30-minute analysis: 1. **Technical Outlook**: The XAU/USD pair is technically poised for a potential decline. The 20 Simple Moving Average (SMA) is losing its bullish strength at around $2,467.00, indicating a potential bearish target. Additionally, technical indicators in the daily chart are gaining downward traction within positive levels, supporting a steeper corrective decline. 2. **Market Announcements**: The market is awaiting critical announcements, including the United States inflation update and NVIDIA's earnings report. These events can significantly impact the sentiment towards XAU/USD. 3. **Inflation Expectations**: The focus remains on upcoming inflation figures, particularly the US Personal Consumption Expenditures (PCE) Price Index. Any updates on inflation could lead to a shift in sentiment. 4. **Fed Rate Cut Speculations**: Speculative interest in the market is high, with expectations of more aggressive rate cuts by the Federal Reserve. This could influence the sentiment towards XAU/USD if such cuts materialize. 5. **Recent Price Performance**: XAU/USD has been trading in a consolidative phase, with a recent correction from near $2,400. The metal is little changed, trading around its daily opening in the $2,340 price zone.