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Gold prices may fluctuate strongly in the remaining sessions of World gold fees unexpectedly elevated sharply after being "hurt" through a announcement from a US Federal Reserve (Fed) chief that brought on the USD to growth in price, getting rid of gold`s substantial strength. The Fed maintaining hobby costs unchanged for an extended time period can be sufficient to manipulate inflation, and the Fed might also additionally even increase hobby costs similarly if inflation keeps to rise. Currently, buyers are listening to the United States May inflation document posted later this month. They assume that when the document, the course of gold might be clearer.
TVC:GOLD
by TrategySherpa
GBP/CAD Short, EUR/CAD Short, EUR/AUD Short and EUR/NZD ShortGBP/CAD 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. EUR/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • 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. EUR/AUD 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. EUR/NZD 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.
Short
by StewySongs
XAU plummeted without stoppingXAU dropped sharply in the context of investors being cautious before the US announced important information about the economic situation. Money flows betting on the USD as US Federal Reserve (Fed) officials remain hawkish, determined to step up the fight against inflation. After each statement by a Fed official, the USD strengthens, thereby putting downward pressure on gold prices. The USD is also supported by efforts to cut interest rates early by many major central banks in the world, including the ECB of Europe and Canada... Recently, the USD is not only stable at a high level but also tends to increase in price.
OANDA:XAUUSD
by TrategySherpa
DXY fluctuations lead to gold falling sharplyGold dropped sharply withinside the context of traders being careful earlier than americaA introduced crucial records approximately the monetary situation. Money flows making a bet at the USD as US Federal Reserve (Fed) officers stay hawkish, decided to step up the combat towards inflation. After every announcement with the aid of using a Fed official, the USD strengthens, thereby placing downward stress on gold prices. The USD is likewise supported with the aid of using efforts to reduce hobby quotes early with the aid of using many essential important banks withinside the world, along with the ECB of Europe and Canada... Recently, the USD isn't most effective strong at a excessive stage however additionally has a tendency to boom in price.
TVC:GOLDLong
by TrategySherpa
USD/JPY Short, CAD/JPY Short, AUD/CHF Short and EUR/NZD ShortUSD/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. CAD/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. AUD/CHF Short Minimum entry requirements: • 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. EUR/NZD 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.
Short
by StewySongs
1
GOLD : Is gold preparing to test a breakout?The downward pressure on gold prices increased further due to rising US government bond yields. This yield has increased from 5-7 bps across all bond terms. A recent five-year US Treasury bond auction showed positive results, with bids from non-dealer investors exceeding the average. Recent statements by Fed officials have also further influenced market sentiment. Fed Governor Lisa Cook acknowledged progress in curbing inflation and the labor market is gradually cooling, but she did not give a specific time to reduce interest rates. Meanwhile, Fed Board of Governors Member Michelle Bowman stated that now is not the time to start cutting interest rates, even suggesting the possibility of raising interest rates if inflation persists. These developments come just ahead of the important PCE index report, scheduled for release on Friday. Economists surveyed by Dow Jones Newswires and the Wall Street Journal predicted consumer prices would fall last month. The core PCE index, which excludes food and energy costs, is expected to hit its lowest level since March 2021. If the PCE report matches forecasts, this could suggest inflation is on track toward the Fed's goals. This could encourage the Fed to consider reducing its benchmark interest rate as early as September, despite recent hawkish statements from some Fed officials. Fed Chairman Jerome Powell previously emphasized the need for greater confidence in economic data before making policy adjustments. The positive PCE report could mark the start of the "string of positive economic data" the Fed is looking for, potentially paving the way for an earlier rate cut than Cook and Bowman suggested. recently released. The combination of a strong USD, rising yields and mixed signals from Fed officials continue to create a difficult environment for gold prices in the short term. However, the upcoming PCE report could significantly influence the Fed's future policy decisions, and therefore market sentiment towards gold.
TVC:GOLD
by SantaTradeGold
XAUUSD : Is gold looking towards the target of $2,150?World gold prices moved sideways after falling more than 30 USD/ounce yesterday, fluctuating around 2,298 USD/ounce. Gold prices fell for a second straight session and hit their lowest in more than a week on Wednesday. Recent "hawkish" comments from a series of Fed officials show that the US central bank is unlikely to lower interest rates soon in the context of a recovering economy. This has supported the USD and weakened it. Yellow. Experts say that gold will fluctuate within a narrow range because investors are cautious ahead of the release of US inflation data later this week. If gold loses the $2,300 mark, it is likely that the $2,100-$2,150 range will be retested. However, this is nothing to worry about. If the US economy continues to slow down, the possibility of interest rate cuts will increase, and gold will recover. After gold retested its breakout in 1978, the precious metal rose 122% in 13 months. A similar scenario occurred in 2009 with an increase of 63% after 13 months. If the current correction continues, it will be a gift as one will get a second and perhaps last chance to catch the gold bottom.
OANDA:XAUUSD
by SantaTradeGold
USD/JPY Short and AUD/CHF ShortUSD/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. AUD/CHF 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.
Short
by StewySongs
World gold prices plummeted as the USD continued to demonstrate Gold charges stay inspired specially through US hobby fee expectations. And the stableness in latest classes displays the dearth of robust alerts at the Fed`s economic coverage. World gold spot charge stands round 2,318.7 World gold charges plummeted because the USD persevered to illustrate its electricity in comparison to maximum different currencies withinside the world Gold charge dropped sharply specially because of the boom in USD charge. DXY index The Fed nevertheless follows the fashion of delaying hobby fee cuts to await US macro alerts, specially inflation data. Investors are expecting statistics approximately the private intake expenditure charge index (PCE), anticipated to be introduced this Friday. This is an crucial degree of the fitness of the United States economy, utilized by investors, economists and policymakers to assess the effectiveness of economic coverage and forecast trends. destiny monetary direction.
TVC:GOLDShort
by TrategySherpa
The USD regained its form with most other currencies in theworldUSD demonstrated its strength compared to most other currencies in the world, causing XAU to fall deeply World gold spot price stands around 2,318.7 World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world Gold price dropped sharply mainly due to the increase in USD price. DXY index The Fed still follows the trend of delaying interest rate cuts to wait for US macro signals, especially inflation data. Investors are waiting for information about the personal consumption expenditure price index (PCE), expected to be announced this Friday. This is an important measure of the health of the US economy, used by investors, economists and policymakers to evaluate the effectiveness of monetary policy and forecast trends. future economic direction.
OANDA:XAUUSDShort
by TrategySherpa
XAU increases risk of sell-offWorld gold prices increased thanks to the weakening USD. Analysts say that gold still maintaining its price above 2,300 USD/ounce is a positive signal for the market. However, some other analysts believe that, in an increasingly unstable environment, any unfavorable signals for gold will lead to a sell-off in the market, causing prices to fall very deeply. Although gold's rise has slowed, many analysts believe that the factors that have supported the precious metal in recent times have not disappeared. In particular, concerns related to geopolitical instability are still a factor of concern for the market, especially before the US election in November. Geopolitical instability is also causing the USD reserves of countries around the world to be shrinking and that is also the threat of global inflation remaining at high levels.
OANDA:XAUUSD
by TrategySherpa
Retail investors are increasing their access to the gold marketWorld gold fees expanded way to the weakening USD. Analysts say that gold nonetheless keeping its rate above 2,three hundred USD/ounce is a tremendous sign for the market. However, a few different analysts accept as true with that, in an an increasing number of risky environment, any negative indicators for gold will cause a sell-off withinside the market, inflicting fees to fall very deeply. Although gold`s upward push has slowed, many analysts accept as true with that the elements which have supported the treasured steel nowadays have now no longer disappeared. In particular, issues associated with geopolitical instability are nonetheless a issue of subject for the market, mainly earlier than americaA election in November. Geopolitical instability is likewise inflicting the USD reserves of nations round the arena to be shrinking and this is additionally the chance of world inflation ultimate at excessive levels.
TVC:GOLD
by TrategySherpa
XAUUSD : Gold will recover after falling in priceXAU/USD is fluctuating around 2,325 USD/ounce. World gold prices moved sideways as investors waited for US inflation data, expected to be released later this week with the focus on the US core PCE index. This makes investors increase their expectations that the Fed will soon reduce interest rates in the next few months, supporting gold - a non-yielding asset. SPDR Gold Shares fund sold a net 2.88 tons of gold on June 24, reducing its holdings to 829.05 tons.
OANDA:XAUUSD
by SantaTradeGold
XAU is preparing steps for recoveryXAU/USD is fluctuating around 2,325 USD/ounce. World gold prices moved sideways as investors waited for US inflation data, expected to be released later this week with the focus on the US core PCE index. This makes investors increase their expectations that the Fed will soon reduce interest rates in the next few months, supporting gold - a non-yielding asset. Analysts predict that, later this week, the US core personal consumption expenditure index report for May will be released. If the data is weaker, it may increase the possibility of the US Federal Reserve (Fed) ) early interest rate cuts in 2024 will support precious metals. On the contrary, higher-than-expected data will cause gold to fall deeper.
OANDA:XAUUSD
by NicoTradingMaster
AUD/CHF Short, EUR/USD Short and EUR/NZD ShortAUD/CHF Short Minimum entry requirements: • Tap into 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. EUR/USD Short Minimum entry requirements: • Tap into 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. EUR/NZD 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.
Short
by StewySongs
NZD/JPY Short, EUR/AUD Long and AUD/CHF ShortNZD/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. EUR/AUD Long Minimum entry requirements: • 1H impulse up above area of value. • 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/CHF Short Minimum entry requirements: • Tap into 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.
by StewySongs
EUR/USD Bullish Outlook Following Double Bottom ReactionFollowing our previous analysis, the EUR/USD pair showed a notable reaction to the double bottom pattern we forecasted on Friday. The price bounced off the 1.06800 level, indicating a potential continuation of the bullish impulse. This movement is further supported by the lack of high-tier data releases from the US economic docket in the second half of the day, which means that the USD's valuation is unlikely to be driven by new economic data. As a result, investors are expected to respond primarily to changes in risk perception. On Friday, PMI data from the US indicated that business activity continued to expand at a robust pace in June. This data helped the US Dollar (USD) maintain its strength ahead of the weekend, preventing the EUR/USD pair from gaining significant traction. Given these factors, we anticipate a continuation of the bullish trend for EUR/USD. We will continue to monitor market developments closely and adjust our strategy as necessary to capitalize on this potential upward movement.
Long
by FOREXN1
1
USD will be under pressure when the Fed will soon cut interestThe spot price of gold on the international market suddenly decreased when the US announced negative economic data, but in the evening session of June 5, gold fluctuated according to the rules. The report notes that the US economy saw modest job growth across the board, across all sectors. However, the biggest decline was in the manufacturing sector. The sector lost 20,000 jobs last month. Previously, the US also recorded a decline in consumer activity, with retail sales in April much lower than expectations, thereby slowing down the country's economy. With a weaker economy, the US Federal Reserve (Fed) may have to cut interest rates soon after a long delay. The USD will therefore be under downward pressure, thereby pushing gold prices up. However, the USD is still quite firm, almost not decreasing following the signal of the possibility of the Fed soon reducing interest rates.
TVC:GOLD
by TrategySherpa