XAUUSD:Gold will continue to climb to the top in the near futureAccording to experts, precious metal prices have just gained momentum after the speech of the Chairman of the US Federal Reserve (Fed). Mr. Jerome Powell said that US inflation has cooled down. Experts and investors are increasing expectations that the Fed will soon begin a cycle of lowering interest rates.
According to Bloomberg, excessive spending by the US government and increasing geopolitical instability have prompted large investors to buy gold to hedge against public debt risks. Mr. Johanna Kyrklund, chief information officer of Schroders Group, said that the market today faces many risks related to geopolitics and inflation, supporting gold - a safe haven asset.
Forextrading
AUD/JPY Short, GBP/NZD Short and AUD/USD ShortAUD/JPY Short
Minimum entry requirements:
• 1H impulse down below area of value.
• 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.
GBP/NZD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• 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.
AUD/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• 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.
XAUUSD : Gold trades around $2,350 to $2,365In this morning's trading session, world gold prices rose to their highest level in nearly two weeks around 2,360 USD/ounce. Due to rising expectations that the Federal Reserve will cut interest rates in September, after recent US data showed a weakening labor market.
Ricardo Evangelista, senior analyst at ActivTrades, said: "Today's rise in gold prices is related to the weakening of the USD after Fed Chairman Jerome Powell admitted in public that inflation in the US is finally starting to move in the right direction."
AUDUSDAUDUSD is in a correction phase. technical analysis It is expected that the price will have a chance to increase.
The price is currently near the 0.66780 resistance zone. If the price fails to break through, There may be a chance that the price will come back to test the 0.66364 support zone again and if the price can stand above the 0.66364 level, it is expected that there is a chance that the price will rebound. Consider buying the red zone.
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Trading strategy when gold increasesThe awareness now turns to nonfarm payrolls launched on Friday (US time), so one can be critical in assessing whether or not americaA hard work marketplace stays resilient amid multi-12 months excessive hobby rates. decade or not.
Gold expenses are down 5% from a report excessive of $2,449.89 an oz reached on May 20, a rally pushed with the aid of using safe-haven call for fueled with the aid of using geopolitical and monetary uncertainty. financial system in addition to the continuing shopping sports of principal banks, an critical call for group.
Gold expenses fell barely nowadays as Treasury yields remained unchanged, at the same time as buyers digested remarks from US Federal Reserve Chairman Jerome Powell and awaited US jobs data. The US can be introduced later this week for similarly alerts on US hobby charge cuts.
Strategy to sell XAU when price increasesThe focus now turns to nonfarm payrolls released on Friday (US time), which will be important in assessing whether the US labor market remains resilient amid multi-year high interest rates. decade or not.
Gold prices are down 5% from a record high of $2,449.89 an ounce reached on May 20, a rally driven by safe-haven demand fueled by geopolitical and economic uncertainty. economy as well as the ongoing purchasing activities of central banks, an important demand group.
“Physical demand remains weak in major markets such as India and Türkiye but there are signs of recovery there as consumers want to protect themselves against other factors such as Local inflation remains high."
XAUUSD : Gold will fluctuate strongly at the end of the weekWorld gold prices fluctuated around 2,329 USD/ounce in the first trading hours of the Asian session. Gold prices this week are forecast to be volatile as the market receives a series of important data, including employment data and minutes of the June FOMC meeting.
In his latest statement, Mr. Powell still emphasized his view that the US Central Bank will need more data before making a decision to cut interest rates to ensure that inflation is falling sustainably towards the target mark.
Michele Schneider - chief strategist of MarketGauge, commented that world gold prices are stable amid many risks. However, inflation, geopolitical tensions and the US government's budget deficit are increasing, which firmly supports gold prices.
AUD/JPY Short, NZD/CAD Short and GBP/NZD ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• 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.
NZD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• 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.
GBP/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below 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.
GOLD : Gold will break out strongly in the futureGold prices increased slightly on Monday (July 1), with the market's focus shifting to US jobs data scheduled for release later this week, which could provide more signals about the The US Federal Reserve (Fed) lowered interest rates.
At the end of the trading session on July 1, the spot gold contract increased 0.2% to 2,329.79 USD/oz. Gold prices jumped more than 4% in the second quarter of 2024.
“We are seeing some short-covering activity by short futures traders and bargain hunters in the money markets,” said Jim Wyckoff, Senior Market Analyst at Kitco Metals. face. The market is also being supported by rising oil prices and a weakening USD."
U.S. manufacturing activity fell for a third straight month in June and a measure of the prices factories pay for inputs fell to a six-month low amid weak demand for goods. see inflation may continue to decline.
This week, the market will focus on Fed Chairman Jerome Powell's comments on July 2, followed by the minutes of the central bank's latest policy meeting on July 3 and the U.S. jobs report. America on July 5.
Data last week showed US inflation was unchanged in May, while consumer spending rose moderately. The market predicts a 64% probability that the Fed will lower interest rates in September as well as another interest rate cut in December 2024.
XAUUSD : Gold finds old peak at 2365$The dollar remains strengthened, especially against currencies where central banks have a more dovish stance than the Fed – most notably the yen and renminbi. However, gold investors still ignored fluctuations in the foreign exchange market, so gold recovered from the weak level at the beginning of last week and ended the week in the green.
The fact that gold continues to "ignore" the strength of the USD shows that investors do not consider gold as a foreign exchange product, they still focus on the appeal of this metal after years of inflation exceeding forecasts. weakening the purchasing power of fiat currencies.
US NFP and CPI data are notable for the USD and gold
The latest US inflation data on Friday (core PCE index) was fully in line with market expectations. Other key U.S. economic data sets are due out in the coming weeks, including the June nonfarm payrolls report on Friday, followed by CPI data on July 11. Some other important economic data this week are also worth watching, such as ISM manufacturing and services PMI, ADP employment data, JOLTS jobs openings and FOMC meeting minutes.
It can be seen that gold is still "standing firm" even though the USD is strengthening, so the possibility of gold soaring to a new record peak if the USD weakens at this time is not too far-fetched. Therefore, it is necessary to closely monitor the upcoming data series. Any sign of further weakness in the U.S. economy will strengthen expectations for more than one Fed rate cut in 2024.
Gold still shows a long-term upward trend. Although gold has recently appeared to be moving sideways and its upward momentum has slowed, this could be a positive sign. Because this accumulation period helps the RSI reduce the "overbought" situation on the weekly and monthly charts. This is mainly achieved through time rather than price action, which is usually a bullish sign.
EUR/USD Analysis: ECB Rate Cuts and Fed Policy DivergenceThe EUR/USD pair is facing significant macroeconomic factors, with the European Central Bank (ECB) contemplating additional rate cuts beyond the summer, aligning with market expectations of two more rate cuts later this year.
Conversely, market participants are debating whether the Federal Reserve (Fed) will implement one or two rate cuts this year, despite the Fed's June 12 meeting indicating just one cut, likely in December.
Today's release of the EUR Core CPI Flash Estimate y/y and CPI Flash Estimate y/y shows weaker prospects than forecasted. The Consumer Price Index (CPI), which measures the change in the price of goods and services purchased by consumers, suggests that a weaker result could drive the EUR/USD pair lower.
Additionally, the recent rise in the US Dollar is partly due to hawkish comments from Fed officials and the growing monetary policy gap between the Fed and other major central banks, contributing to the euro's decline.
In the short term, the recent ECB rate cut, compared to the Fed's decision to maintain rates, has further widened the policy gap between the two central banks, potentially leading to more weakness in the EUR/USD pair.
From a technical perspective, on the Daily timeframe, we have identified a Demand Area that has not been fully tested. We anticipate a possible bearish momentum today and will look for a potential long position if the price reaches our Area of interest.
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Silver Bullet Strategy on US30 Wrap - up (Traded in profit)This is a wrap-up video to finalize the earlier setup on US30. The video is linked below.
Using this method, you can validate pivots and liquidity unmitigated in the market during phase 1 of the session.
This tells you where to trade to for phase two. You use the unmitigated levels found during phase one.
Phase 3 is the silver bullet momentum area where its telling you how the market will react and move for phase 4.
This tells you if you should be taking longs or shorts which helps you to understand which levels need to be taken out on either side of the market.
In the next few days ill put together a step by step tutorial on how to achieve the use of this setup to lock in your trades with more confidence.
My Silver Bullet Strategy analysis for US30Id be happy to teach this one to you guys.
Im working on a strategy specifically designed for Forex Markets.
There is a system i am creating called my version of a Silver Bullet Strategy that allows you mark out the phases of forex markets and as a result you can better plan your entries instead of having to sit there and wait for price action to play out the way youd like to.
This method is based on time and volatility of the market, and using just a session indicator with proper settings can help you get the information you need.
I cut the video early because i cant wait for the market to play out but ive already marked up the chart.
Ill post an image below of the completed days run of US30 so we can see how my mark ups coincide with the price action analysis.
XAUUSD : Gold will break out in the near futureWorld gold prices fluctuated around 2,325 USD/ounce in the first trading hours of the Asian session.
Last week, the gold market continued to move slowly and steadily, as the yellow metal once again traded within a narrow range between 2,300 and 2,340 USD/ounce. Gold prices are expected to be volatile this week as the market receives a series of important data, including employment data and June meeting minutes.
MarketGauge's chief strategist - Michele Schneider said that world gold prices are stable amid many risks. However, inflation and the US Government's budget deficit are increasing, which firmly supports gold prices. According to this expert, gold prices tend to increase in the long term if the support level of 2,300 USD/ounce is maintained.
GOLD : Gold recovered strongly this weekGold prices are becoming unpredictable in the coming days, with many mixed views from analysts and investors, according to Kitco's gold price trend survey results next week.
Specifically, in a survey on Wall Street, 12 analysts responded, of which 33% thought gold prices would continue to increase, 17% thought gold prices would decrease and up to 50% predicted gold prices. across.
In the online survey on Main Street, 178 investors responded, with 48% predicting gold prices to increase, 28% predicting gold prices to decrease and up to 24% predicting gold prices to decrease. horizontal.
Next week, investors will continue to wait for information related to the US macroeconomy to be released, after last weekend's information showed that inflation in the US cooled down, reinforcing expectations about the Federal Reserve's announcement. The US Federal Reserve (FED) may cut operating interest rates in the second half of this year. This will positively impact the increase in gold prices.
EURUSD: Gap Spotted! 🇪🇺🇺🇸
I see a huge gap up after the market opening on EURUSD.
As always, it is a high chance that the gap will be filled.
After a strong bullish continuation, I see a sign of strength of the sellers
- a double top formation on an hourly time frame.
The price may drop soon.
Goals: 1.0728 / 1.0715
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GBP/CAD ShortGBP/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below 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.
World gold is stable around 2325World gold prices fluctuated around 2,325 USD/ounce in the first trading hours of the Asian session.
Last week, the gold market continued to move slowly and steadily, as the yellow metal once again traded within a narrow range between 2,300 and 2,340 USD/ounce. Gold prices are expected to be volatile this week as the market receives a series of important data, including employment data and June meeting minutes.
Inflation and the US government's budget deficit are increasing, which firmly supports gold prices. According to this expert, gold prices tend to increase in the long term if the support level of 2,300 USD/ounce is maintained.
Gold price is still trading in a relatively narrow rangemost people are having neutral predictions on XAU
The US economy is slowing down, inflation is weak and the US Federal Reserve (Fed) is less dovish. These impacts reduce demand for gold, which could lead to a widespread sell-off.
If you are holding gold, there is no reason to sell because the price is still above 2,200 USD/ounce.
The market may have few transactions, which means the risk of large fluctuations. Geopolitical developments such as escalation in Ukraine or the Middle East could disrupt the market, Grady said.
GOLD : Gold is looking forward to today's dataMarket analysts forecast positive numbers for the May report. Expect the cost of goods and services to increase at an annual rate of 2.6%, down slightly from April's 2.7%. More importantly, core PCE is expected to fall to 2.6% (on an annual basis) in May, from 2.8% in April. If these forecasts come true, it would signal a further reduction in inflationary pressures. , bringing the economy closer to the Fed's 2% inflation target.
Fed officials, including Chairman Jerome Powell, have repeatedly emphasized the need for a sustained positive economic data trend before considering a change in monetary policy. In the recent press conference of the Federal Open Market Committee (FOMC), Mr. Powell reaffirmed this view: "We have stated that reducing the federal funds rate target range will not be appropriate until when we have greater confidence that inflation is moving towards 2% sustainably."
The market's growing confidence in the Fed's ability to change policy is reflected in the probability of cutting interest rates. CME's FedWatch tool currently shows that there is only a 35.9% chance that the Fed will keep current interest rates unchanged (from 5.25% to 5.50%) through September. This is a significant change in market sentiment, down from 37.7% just one day ago and 50.2% a month ago. This trend shows growing optimism about when the Fed will move toward normalizing interest rates.
On Thursday afternoon, 6:00 pm ET, the August gold futures contract was trading actively, soaring 28.90 USD (equivalent to 1.25%) to 2,338.70 USD/oz. Although a weaker USD provided some support, the main driver of the rally was bullish market sentiment centered on expectations for Friday's PCE report.