World gold prices increased after news of political tensionsWorld gold charges accelerated as buyers sought a secure haven because of accelerated hazard aversion while Iranian President Ebrahim Raisi, the country`s overseas minister and others died in an accident. Helicopter.
Last week, records confirmed symptoms and symptoms of patron inflation withinside the US and retail income slowing, giving the Fed extra time to begin easing economic coverage.
Experts say that gold charges may also hold to attain new statistics withinside the context of each the USD and bond yields falling. At the equal time, the geopolitical scenario withinside the international has many bad fluctuations, which is likewise strongly assisting gold charges.
Besides, in keeping with foreign money strategist Adam Button of Forexlive.com, gold is being strongly supported with the aid of using current proof that the United States financial system is slowing down and with a view to similarly enhance the opportunity of easing. economic coverage of the United States Federal Reserve (Fed) withinside the future.
Forextrading
EUR/NZD Short, SOYBN/USD Short and WTICO/USD ShortEUR/NZD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below AOI.
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short, WTICO/USD Short,WHEAT/USD Short & GBP/AUD ShortSOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WHEAT/USD Short
Minimum entry requirements:
• 1H impulse down below AOI.
• If 3 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
XAU price increased due to many reasonsThe world price of XAU last week increased beyond 2,400 USD in the context of many price increasing catalysts
An important catalyst driving gold prices up is the recent Consumer Price Index (CPI) report, which showed that inflation decreased slightly in April, lower than economists' forecasts.
The data fueled market optimism that the US Federal Reserve (Fed) could adopt a more accommodative stance, potentially making interest rate cuts sooner and larger than expected.
The combination of high inflation, massive debt issuance and rapid money printing by central banks is pushing out other market participants and commodities.
Gold may continue to increase in the near futureThe global rate of gold ultimate week accelerated past 2,four hundred USD withinside the context of many rate growing catalysts
An critical catalyst riding gold fees up is the latest Consumer Price Index (CPI) report, which confirmed that inflation reduced barely in April, decrease than economists` forecasts.
The statistics fueled marketplace optimism that americaA Federal Reserve (Fed) ought to undertake a extra accommodative stance, probably making hobby charge cuts faster and large than expected.
The aggregate of excessive inflation, huge debt issuance and fast cash printing via way of means of vital banks is pushing out different marketplace individuals and commodities.
EURUSD analysis week 21📌After strong gains on Wednesday, EUR/USD struggled to maintain upward momentum and closed slightly lower on Thursday. The pair rebounded on Thursday with USD weakness following the news. Unemployment claims announced. Up to now this pair has remained relatively calm, holding around the 1.0870 level.
📌The ECB is weighing the extent of interest rate cuts after the initial cut planned for next month. While inflation is gradually decreasing toward the 2% target, much uncertainty remains. Officials are particularly focused on wage growth, which remains rapid, as well as geopolitical threats such as tensions in the Middle East.
📌The RSI fell on Thursday but remained steady above 60, suggesting the recent pullback may have been a technical correction rather than a trend reversal.
📌EUR/USD still maintains a short-term uptrend. The pair has dropped below 1.0860, but is currently trading well above the 34.89 EMA on the 1H chart at 1.0802. Besides, the recent bullish momentum has brought EUR/USD back above the 34.89 EMA on the daily chart at 1.0799. Compared to recent lows around 1.0600.EUR/USD is currently aiming for the March peak of 1.0980. This is considered an important resistance level. If buyers want to push EUR/USD back up to the psychological level of 1.1000, they will have to overcome this barrier.
Trading signals
SELL zone 1,093-1,095 SL 1,097
BUY zone 1,081-1,079 SL 1,076
XAUUSD : Gold has hit an all-time highWorld gold prices (XAU/USD) skyrocketed this morning, reaching 2,440 USD/ounce before retreating again at around 08:10 Vietnam time. In the absence of information at the beginning of the week and expectations that were almost completely reflected last week, gold prices seem to be reacting with some new momentum.
Kitco News' latest weekly gold survey results show the majority of experts believe gold prices could reach or surpass all-time highs, while retail traders are cautious. this precious metal.
Market strategist Colin Cieszynski of SIA Wealth Management is among the experts who are bullish on gold in the short term. According to him, both the USD and US government bond yields seem to be in a downward trend and that will provide support for this precious metal. Besides, gold surpassing the psychological threshold of 2,400 USD/ounce will be a stepping stone for this precious metal towards the 2,500 USD/ounce mark.
With the same opinion, ROTH Capital Partners analysts also predict that gold prices will increase even higher in the coming months, even exceeding 2,600 USD/ounce.
Gold officially set a historic peak, surpassing the 2,440 mark!Gold has just set a new all-time high, as investor demand across the entire market skyrocketed due to growing confidence that the US will cut interest rates this year.
Gold bullion increased 1.1%, reaching $2,440.59/oz early in the Asian session, surpassing the previous record set in April. This price increase is said to be due to traders becoming increasingly confident that the Fed may reduce interest rates as early as September this year.
The dollar fell and US government bonds rose sharply last week, after data released on Wednesday showed April inflation fell more than expected. This is supportive for gold, a precious metal that does not yield interest and is priced in USD.
XAUUSDHello traders ,what do you think about GOLD?
After breaking its trend line, gold has now reached the resistance zone of 2400. It is expected to grow at least up to the specified level after the pullback to the broken trend line.
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Gold increased due to news that CPI matched forecastsOver the identical period, CPI accelerated via way of means of 3.4%, matching forecasts. This is high quality information for americaA Federal Reserve (Fed).
Cooling inflation will assist the Fed quickly make a choice to decrease hobby costs, to aid americaA economic system, that's displaying greater symptoms and symptoms of slowing down. Cooling inflation can even soothe the psychology of US traders and consumers.
The opportunity of the Fed decreasing hobby costs at its September assembly increases.
Gold fees accelerated due to the fact tensions in Ukraine and the Middle East nonetheless display no symptoms and symptoms of cooling down. Russia is attacking on many fronts in Ukraine and fierce preventing is occurring. Meanwhile, withinside the Middle East, Iran lately stated it'd create a nuclear bomb if threatened via way of means of Israel.
With alerts from cooling US commodity fees, it's miles in all likelihood that the USD will keep to sag and probably weaken because the time till the September assembly steadily shortens.
Recently, many forecasts say that gold fees might also additionally weaken this summer, probably in May and June while the Fed delays decreasing hobby costs. However, if inflation withinside the US is still managed and americaA economic system indicates symptoms and symptoms of weakening, gold has the possibility to boom its rating following the weakening of the USD.
EUR/NZD Short, WTICO/USD Short and SOYBN/USD ShortEUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 15 min rejection or phase line break.
WTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
XAUUSD : Gold will reach its all-time highWorld gold price (XAU/USD) decreased slightly yesterday after increasing to nearly reach 2,400 USD/ounce. According to experts, the reason may be due to profit-taking pressure after the strong increase the previous day. In addition, the recovery of the USD is also detrimental to gold.
In the short term, the combination of stable inflation and weakness in other economic data such as retail sales actually provides positive support for gold. In the long term, according to Ms. Gita Gopinath, Deputy Managing Director of the IMF, gold is increasingly asserting its position in a context full of potential economic and political risks. Gold demand has increased steadily because the precious metal is considered a "politically neutral haven asset that can be stored domestically and avoid sanctions or confiscation."
With the same opinion, ROTH Capital Partners analysts also predict that gold prices will increase even higher in the coming months, even exceeding 2,600 USD/ounce.
GOLD : Gold will continue to increase to the highest levelGold prices are in a slight decline. The reason may be due to profit taking after increasing by more than 1% the previous day. The release of lower-than-expected US CPI and Retail Sales data for April has led to a change in expectations about the Fed's future interest rate path - an important factor contributing to the direction of gold prices. .
Lower-than-expected CPI data shows signs of cooling inflation, meaning the time for the Fed to lower interest rates may come sooner. According to the CME FedWatch tool, there is a 75% chance that the Fed will start cutting interest rates from its September meeting. This number is much higher than the 65% level before the announcement, according to FXStreet editor Lallalit Srijandorn.
However, the outlook for the precious metal remains positive as demand from central banks - especially in emerging markets - continues to be strong, geopolitical risks remain present and trade concerns remain strong. Global trade is unstable due to political factors.
In fact, according to data from the World Gold Council (WGC), gold demand increased 3% to 1,238 tons in Q1, the strongest increase since 2016.
⭐️ XAU/USD : Gold’s Pivot Point: The Rise or Retreat (READ)Hello Traders , Upon reviewing the gold chart in the 4-hour timeframe, we observe that the price, following our analysis, managed to rise by 170 pips to $2387. Since the range of $2386 to $2397 is an important supply zone, the price reaction to it was negative, and currently, gold is trading around $2383. If the price stabilizes below this level, we can expect a decline to lower levels (Scenario One). Otherwise, if the price increases again and the candle closes above the $2397 level, we likely will see a return to the $2400 channel (Scenario Two). I hope you make the most of this analysis! Additionally, today, if I receive enough support from you, I will announce several tradeable levels (both for SELL and BUY).
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
USDJPY: Bullish short term. Attention at the top of the Channel.USDJPY is neutral on its 1D technical outlook (RSI = 53.858, MACD = 0.730, ADX = 52.633) and is rebounding after almost the second 1D MA50 test in 2 weeks. The pair is capitalizing on the bullish momentum of the 1 year Channel Up but this rebound could be the last before a correction, as the price is very close to the HH top trendline. Our goal is still that top (TP = 160.000).
See how our prior idea has worked out:
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EURCAD: Bullish Accumulation & Breakout 🇪🇺🇨🇦
After quite an extended bullish accumulation within an ascending triangle formation,
EURCAD bounced yesterday and violated its resistance.
It opens a potential for a further bullish continuation.
Next resistance will be 1.486
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XAUUSD : Gold has the ability to reach new heightsMore progress in deflation remains to be seen
Chicago Fed President Austan Goolsbee welcomed the drop in inflation in April but said deflation progress needs to be firmer.
Speaking Wednesday after the CPI excluding food and energy prices fell for the first time in six months, Goolsbee expected more such good data to come before making a decision to cut interest rates.
“Inflation data improved quite a bit compared to what we expected, but still higher than where it was in the second half of last year,” Goolsbee said in an interview on the radio show Marketplace. “Because So, more progress still needs to be recorded in the deflation process.”
The Chicago Fed president, who is not voting on policy this year, called the deflationary path bumpy and pointed to housing inflation as a key indicator he is watching.
Fed officials have downgraded expectations for a first rate cut, stressing the need to keep rates high for longer amid persistent inflation.
DXY : The USD continues to weakenThe USD plummeted as expectations of the Fed lowering interest rates increased after US inflation data
The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world.
US government bonds recovered after economic data along with the sell-off of Japanese bonds. The gap between US and Japanese 10-year government bond yields narrowed nearly 20bps this week.
The DXY index recorded its biggest decline of the year, falling 0.75% and penetrating below the MA 200 line. DXY is currently trading around its 5-week low at 104.17 at the beginning of the Asian session.
Gold prices increased due to coincident CPI dataOver the same period, CPI increased by 3.4%, matching forecasts. This is positive news for the US Federal Reserve (Fed).
Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers.
The possibility of the Fed lowering interest rates at its September meeting increases.
Gold prices increased because tensions in Ukraine and the Middle East still show no signs of cooling down. Russia is attacking on many fronts in Ukraine and fierce fighting is occurring. Meanwhile, in the Middle East, Iran recently said it would create a nuclear bomb if threatened by Israel.
With signals from cooling US commodity prices, it is likely that the USD will continue to sag and possibly weaken as the time until the September meeting gradually shortens.
Recently, many forecasts say that gold prices may weaken this summer, possibly in May and June when the Fed delays lowering interest rates. However, if inflation in the US continues to be controlled and the US economy shows signs of weakening, gold has the opportunity to increase its score following the weakening of the USD.
WTICO/USD Short and SOYBN/USD ShortWTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.