GOLD XAUUSD Next possible movemets #XAUUSD ( Update..! )
The pair is currently running in a confused situation. According to that I can expect two scenarios. The most possible scenarios are most possible.
Sell now : Reason ❔
Broker the low time frame 5M descending channel
Broker the low time frame 15M descending channel
15M Structure break successfully
5M resistance break successfully
Buy now : Reason ❔
Running bullish trend in 1H timeframe
Making reasonable Fvg with huge range
Rebound from 1H trendline
Rebound from 1H support zone
My recommendation is just waiting for the local bearish or bullish confirmation to enter the market. This is a very dangerous situation. Be careful guys.
Forextrading
XAUUSD H1 - Long Signal $2000/ozXAUUSD H1
Here is a potential outlook for XAUUSD going forward, we have sold off since market opened, the opposite move I would have expected. However, we haven't really seen an influx of relevant trading volume yet, I would expect to see this during LON partially, but most likely the US open, both FX markets and subsequent US stock markets.
$2400/oz is in the crosshairs for obvious reasons, we have traded from this price previously (with the exception of the PPI dump). Targets would be $2425/oz before potentially breaking higher. XAUUSD is undoubtedly up-trending. Lets see if this weekends headlines can add fuel to the fire.
GBPUSD D1 - 1.30 ShortGBPUSD H8
We have traded just shy of our 1.30 psychological price level. We are looking to see some selling pressure come into play from around this price level, in hope we trade south back down towards this 1.28500 price. A more major considered area of support.
From this zone, we would be looking to catch some long positions. A rejection of 1.30 would warrant some USD strength. We aren't looking to trade the short, just merely indicated FYI.
Will gold decrease or increase when US politics is tense?The assassination not only increased Mr. Trump's chances of victory but also increased the Republican Party's chances of a sweep. If Republicans gain control of the White House and both houses of Congress, they could enact tax cuts that would increase the budget deficit.
That's how things work. When one party takes control, it's either Republicans cutting taxes or Democrats spending more. Both cases resulted in higher deficits, while a divided Congress barely passed anything.
When the budget deficit increases, bonds will be sold off due to concerns about increased supply and accelerating inflation. The Fed will therefore have to maintain interest rates at higher levels for longer.
How does this affect the market? Higher yields from US government bonds will make gold less attractive. Stock investors love low interest rates, and higher interest rates can make the market less attractive.
The biggest beneficiary is probably the USD. The USD benefits from both higher yields and a safe-haven environment. Political violence is bad news, and in tough times, the world's reserve currency is the winner.
Overall, the assassination of former President Donald Trump could cause gold and stocks to decline, while boosting the USD. Polls and ongoing information will determine how long this story lasts and how it impacts the markets.
Gold prices have recently increased sharplyGold can also additionally attain 2,500 USD/ounce withinside the close to destiny while the marketplace is happy through fantastic information.
Analysts at CPM Group keep to don't forget gold as a channel really well worth making an investment withinside the close to destiny. Gold charges are keeping firm, supported through issues approximately growing geopolitical instability across the world. As americaA election approaches, gold charges will boom.
World gold spot rate stands round 2,406.9
Kitco News` modern day weekly gold survey suggests professionals and shops are constructive approximately gold charges this week.
XAU stays in a bullish trend. Gold charges rose for the 1/3 consecutive week, supported through low hobby prices and a vulnerable USD.
Weak CPI document and hypothesis that americaA Federal Reserve (Fed) can also additionally reduce hobby prices greater than two times this year. Thereby, gold charges can also additionally keep to boom withinside the brief term.
XAU climbed to the top Monday morningWorld gold spot price stands around 2,406.9
Kitco News' latest weekly gold survey shows experts and retailers are optimistic about gold prices this week.
XAU remains in a bullish trend. Gold prices rose for the third consecutive week, supported by low interest rates and a weak USD.
Weak CPI report and speculation that the US Federal Reserve (Fed) may cut interest rates more than twice this year. Thereby, gold prices may continue to increase in the short term.
GBP/AUD ShortGBP/AUD Short
Minimum entry requirements:
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
XAUUSDHello traders ,what do you think about EURUSD ? The price is currently near the resistance zone (2430–2450USD). It is expected to encounter resistance here and retrace downwards.
After this retracement, the initial support is in the 2370 USD zone, which could strengthen the price and lead it upwards again.
If the price shows a strong rebound from the support area, the next target could be breaking the resistance zone and reaching the 2500 USD level
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The gold market witnessed a strong increaseThe gold market is witnessing a strong bullish reaction to better-than-expected inflation data
Inflation is falling towards the Fed's 2.0% target and makes it more likely that the central bank will start cutting interest rates - a positive development for gold.
Interest rates have done a good job of bringing inflation back to the Fed's 2.0% target.
Asked about the timing of future Fed rate cuts and whether he would wait until the Fed's preferred inflation measure, the Personal Consumption Expenditures Price Index (PCE), falls below target Fed before taking action, Powell said he would not do so, because "inflation has a certain momentum" and "you don't want to wait until inflation falls to 2.0%".
World gold increased sharply after CPI newsGold prices edged higher on Thursday after US CPI data fell more sharply than expected in June, boosting hopes of a September interest rate cut from the Federal Reserve.
The consumer price index (CPI) fell -0.1% last month after reaching 0.0% in May, the US Bureau of Labor Statistics said on Thursday. Latest inflation data good than expected, as economists were expecting a 0.1% increase.
Over the past 12 months, headline inflation rose 3.0%, below expectations of 3.1% and slower than May's 3.3%, the report said. Core CPI, excluding food prices and volatile energy, up 0.1%, better than expectations of 0.2% and May's 0.2% gain.
The report also said annual core inflation rose 3.3% in June, also better than expectations and the previous month's 3.4% increase.
Gold prices increased after news of inflation dataTraders may also refrain from aggressive betting and cautiously await the release of the latest consumer inflation figures from the US. The important US CPI report will be looked at for further clues on the Fed's interest rate cut roadmap, which will boost demand for the USD and put pressure on gold prices. However, the fundamental backdrop shows that the short-term trend for XAU/USD remains upward.
XAU soared sky high after news from the fedGold prices (XAU/USD) continued their upward momentum for the third consecutive day on Thursday. Comments from Fed Chairman Jerome Powell reaffirmed market expectations that the central bank would cut interest rates in September and again in December. This limited the USD's advance and became the main factor supports this precious metal. In addition, central banks' continuous increase in gold reserves, macroeconomic uncertainties and geopolitical risks also further support XAU/USD.
XAUUSD : Gold will find its old peak during the weekendWorld gold increased amid unabated geopolitical instability in many regions. At the same time, countries tend to increase gold reserves and reduce dependence on the USD, supporting the price of this precious metal.
Previously, in a meeting with the US Senate, Fed Chairman Jerome Powell said the US labor market had weakened and US Treasury Secretary Janet Yellen also said that US inflation would decrease over time. This increases expectations that the Fed will soon lower interest rates in September.
GOLD : Can gold reach the $2,500 discipline mark?Despite gold's consolidation phase, in a report published on Wednesday, commodity analysts at Citi said strong gold demand in the second half of the year could push XAUUSD towards 2,600, as the Investors flocked to precious metals.
Along with renewed investor interest, analysts say they expect central bank demand to hit a record this year. According to the model, analysts expect central banks to buy about 1,100 tons this year, up 5.8% year-on-year and likely exceeding the expected 1,250 tons.
Citi's outlook comes after foreign exchange reserve data from the PBOC showed the bank did not add to China's gold reserves for the second month in a row.
Despite this shift, analysts note that central banks' gold demand has stabilized at a record 28-30% of gold mining output since 2022. They also see demand is likely to increase to 35% in the bullish scenario next year due to the trade war and concerns about US financial policy.
While the gold market remains driven by central bank demand, Citi also expects retail consumers and investors to further drive gold's growth.
“We remain bullish on gold demand over the next 12 months, with potential Fed rate cuts and headwinds in the US labor market helping to boost demand,” Citi analysts wrote. with this metal.
In this situation, Citi predicts XAUUSD will trade between 2,800 and 3,000 by mid-2025.
SUGAR/USD Short, GBP/CAD Short and GBP/CHF LongSUGAR/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it, or reduced risk entry on the break of it.
GBP/CHF Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of interest.
• If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it.
• If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPUSDHello traders ,what do you think about GBPUSD? This pair is below the resistance zone, it has also broken its trend line, it is expected to drop at least to the specified levels after completing the pullback to the broken zone.
If this post was useful to you, do not forget to like and comment.❤️
Gold will increase sharply when the Fed reduces interest rates"Capital inflows were widespread, with all regions recording positive increases except for North America, which saw a slight decline for the second consecutive month. Overall, yields fell across regions important and the weakening USD has made gold more attractive to domestic investors," analysts said.
"Lower interest rates are a key factor driving capital flows into the region," analysts said. Additionally, cooling stock markets and political uncertainties related to elections in The UK and France, which have sparked significant capital inflows, have also boosted investor interest in gold.
Although North American gold demand remains tepid, analysts note that it could easily reverse if the Fed starts cutting interest rates. The market forecasts about a 70% chance that the Fed will cut interest rates in September.
"A strong dollar and continued stock market growth may have drawn investors' attention away from gold despite falling US government bond yields," analysts said. "However, flare-ups in geopolitical risks prompted episodic capital inflows, partially offsetting larger outflows during the month."
XAUUSD : Gold is looking for a direction to create a new peakAfter a sharp decline, gold prices today increased again, fluctuating around 2,369 USD/oz when the Fed Chairman did not comment on reducing interest rates, and global investment funds increased the amount of gold held.
Fed Chairman Jerome Powell told a Senate committee that the economy remains strong. However, he did not make any comments about cutting interest rates, increasing expectations that the Fed will reduce interest rates in September. Accordingly, the USD's upward momentum slowed down, benefiting gold prices today. .
World gold prices increased sharply thanks to demand from centraChina's failure to update gold reserves on the PBOC website does not mean the country has stopped buying. Some analysts suspect that China is keeping its gold purchases secret in the context of recent gold price escalation.
Head of Futures & Forex at Tastylive - Christopher Vecchio said that some data shows China buying gold at the end of June.
Many experts believe that PBOC will continue to buy gold to diversify foreign exchange reserves and prevent the domestic currency from depreciating.
According to a report by the World Gold Council (WGC), about 20 central banks still expect to increase their gold holdings next year, due to rising financial and geopolitical risks.
XAU rebounded after USD weakenedThe second shock from a major player in the market caused profit-taking pressure to skyrocket.
World gold pressure dropped from the July 8 session after news that the Central Bank of China (PBOC) stopped buying gold for the second consecutive month in June. According to PBOC's announcement, the amount of gold bars held by the bank As of the end of June, this was unchanged at 72.8 million ounces.
This information is contrary to some sources saying that China returned to buying gold in June.
World gold prices increased rapidly after US Federal Reserve Chairman Jerome Powell made less hawkish statements on monetary policy. Investors bet on the possibility that the Fed will lower interest rates at its September meeting.
The USD is forecast to decrease following the Fed's trend of cutting interest rates, thereby positively affecting gold prices.