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XAUUSD : Gold is focusing on Fed interest ratesThe world gold price recorded at 09:30 on June 11 according to Vietnam spot time was around 2,302 USD/ounce, down 8.50 USD compared to yesterday. Investors are trading cautiously as they wait for US inflation data and the US Federal Reserve's (FED) interest rate decision in the middle of this week. Derivatives trading involves high risks and may not be suitable for all investors. Therefore, consider carefully whether this transaction is suitable for your financial situation or not. Trading advice is based on information obtained from trading services and statistics and other sources Blue Line Futures, LLC is bullish. We do not guarantee that the information is accurate or complete, as it should not be relied upon entirely. Trading advice reflects our good faith judgment at a certain time and is subject to change without notice. There is no guarantee that our advice will lead to profitable trades. All trading decisions will be made by the account owner. Past results do not necessarily reflect future results.
OANDA:XAUUSD
by SantaTradeGold
Gold may continue to decline because China stops importing goldInvestors` bottom-fishing mentality while gold drops gold rate extended once more due to the fact buyers had a bottom-fishing mentality after the rate plummeted remaining weekend. Gold fees are going in opposition to the overall guidelines of the marketplace while many forecasters get hold of horrific news. The US purchaser rate index for May, which is set to be published, is probable to increase, making the postpone in slicing hobby prices through the United States Federal Reserve (Fed) even longer. Gold buyers are turning their interest to the Fed's Federal Open Market Committee (FOMC) assembly scheduled for June 11-12 (US time), with the intention to open up a extra wonderful direction. for rate gold
TVC:GOLD
by TrategySherpa
1
Investors' bottom-fishing mentality when XAU dropsInvestors' bottom-fishing mentality when XAU drops XAU price increased again because investors had a bottom-fishing mentality after the price plummeted last weekend. Gold prices are going against the general rules of the market when many forecasters receive bad news. The US consumer price index for May, which is about to be published, is likely to increase, making the delay in cutting interest rates by the US Federal Reserve (Fed) even longer. Gold investors are turning their attention to the Fed's Federal Open Market Committee (FOMC) meeting scheduled for June 11-12 (US time), which will open up a more positive direction. for price XAU
OANDA:XAUUSD
by TrategySherpa
NZD/CAD Short, GBP/CHF Short, USD/SGD Short and GBP/USD ShortNZD/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. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. USD/SGD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/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.
Short
by StewySongs
The consumer price index (CPI) will show us the direction of XAUannouncement on monetary policy of the US Federal Reserve (Fed) The world gold market last week continuously received important data, causing prices to continuously reverse. Notably, on the last trading day of the week, the market suffered two shocks that caused prices to continuously "plunge". In just 1 day, gold lost more than 3.5%, marking the largest intraday sell-off since 2020. In the current context, most analysts believe that gold prices may test support level of 2,200 USD/ounce. Although recent jobs data will likely push gold prices lower in the short term, some are optimistic that the precious metal could find momentum next week as global concerns increase. Investment will turn to inflation data along with developments at the Federal Open Market Committee (FOMC) monetary policy meeting.
OANDA:XAUUSD
by NicoTradingMaster
XAUUSD : Gold dropped sharply after a series of dataWorld gold price recovered slightly by 0.13% and is trading around 2,296 USD/ounce after a sharp decline of 3.45% last week. Gold's uptrend has weakened as the RSI on the daily chart is below the 50 level, moreover, XAU/USD is trading below the short-term SMA lines, reinforcing gold's downtrend. The Fed's latest interest rate decision and the May consumer price index expected to be released this week could be a key test for markets, especially after Friday's strong jobs report. continue to suggest that the Fed may hold off on lowering interest rates.
OANDA:XAUUSD
by SantaTradeGold
Gold will continue to decline after news from ChinaLast week turned into additionally the 1/3 consecutive week of decline in gold charges. This week the marketplace is inquisitive about a few exquisite records consisting of the purchaser charge index (CPI) in May, bulletins on economic coverage of americaA Federal Reserve (Fed), and information on unemployment benefits. American enterprise and the economic coverage of the Bank of Japan. stated gold charges may also lower withinside the coming days. US jobs have been higher than anticipated and China stopped shopping for gold reserves, inflicting the treasured steel to fall to its lowest degree in a month. After leaving the 2,three hundred USD mark, spot gold charge dropped to almost 2,277 USD. If underneath the 2,270 USD mark, the gold charge ought to even attain 2,220 USD/ounce.
TVC:GOLD
by TrategySherpa
Strategy to sell XAU when gold fallsLast week was also the third consecutive week of decline in gold prices. This week the market is interested in some notable information such as the consumer price index (CPI) in May, announcements on monetary policy of the US Federal Reserve (Fed), and data on unemployment benefits. American industry and the monetary policy of the Bank of Japan. said gold prices may decrease in the coming days. US jobs were better than expected and China stopped buying gold reserves, causing the precious metal to fall to its lowest level in a month. After leaving the 2,300 USD mark, spot gold price dropped to nearly 2,277 USD. If below the 2,270 USD mark, the gold price could even reach 2,220 USD/ounce.
OANDA:XAUUSD
by TrategySherpa
NZD/USD Short, GBP/CHF Short, AUD/NZD Short and GBP/USD ShortNZD/USD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
XAUUSD : Gold continues to increase strongly todayGold prices yesterday had an early rebound hitting a high of $2,375 then retreated again before closing at $2,378 after important news and market expectations were reflected in the price. Regardless of the reason behind it, this is it proving that investors are still interested in gold or have returned after recent dovish signals from major central banks. Maybe this is the first sign of a comeback. The market is probably quite nervous now ahead of tonight's NFP report. The US Nonfarm Payrolls (NFP) report is expected to show an increase of 185,000 jobs in May. However, negative JOLTS Job Opportunities data and ADP Nonfarm Jobs Change data less than that in this week reduces investor optimism about the US Bureau of Labor Statistics report. If the NFP report also shows weakness, the USD may come under more pressure and increase market confidence that the Fed will soon cut interest rates, supporting gold prices.
OANDA:XAUUSDLong
by SantaTradeGold
Gold increased again after an unusual decreaseIf withinside the preceding consultation, the spot charge of XAU at the global marketplace unexpectedly reduced whilst the United States introduced terrible financial records, then withinside the night consultation of June 5, it fluctuated consistent with the rules. The US additionally recorded a decline in customer activity, with retail income in April lots decrease than expectations, thereby slowing down the country`s economy. With a weaker economy, the United States Federal Reserve (Fed) can also additionally must reduce hobby quotes quickly after a protracted delay. The USD will consequently be beneathneath downward pressure, thereby pushing up the charge of gold. The US launched hard work records displaying that this marketplace is weakening rapidly. In May, US non-public corporations employed fewer people than marketplace expectations. Job boom and salary boom will gradual withinside the 2nd 1/2 of of 2024. Observers are looking for wonderful weaknesses withinside the hard work marketplace, tied to each manufacturers and consumers. Spot gold fees accelerated once more particularly because of an uncommon lower withinside the preceding consultation after traders guess that this commodity might surpass the essential barrier of 2,350 USD/ounce however failed.
TVC:GOLD
by TrategySherpa
XAU increased quite strongly again after plunging in the previouIf in the previous session, the spot price of XAU on the international market suddenly decreased when the US announced negative economic data, then in the evening session of June 5, it fluctuated according to the rules. The US released labor data showing that this market is weakening rapidly. In May, US private businesses hired fewer workers than market expectations. Job growth and wage growth will slow in the second half of 2024. Observers are watching for notable weaknesses in the labor market, tied to both producers and consumers.
OANDA:XAUUSD
by TrategySherpa
XAUUSD : Gold turned up slightly again after the USD newsYesterday on June 5, world prices increased to a high of 2,357 USD and reached 2,373 USD this morning, supported by the weakening of the USD and a decrease in US government bond yields after the latest data showed changes. The labor market is very hot. According to how high According to ADP, employers added 152,000 jobs in May, much lower than forecast and the number recorded last month, and also the lowest level since the beginning of the year. RJO Futures senior market strategist Bob Haberkorn said weak labor numbers such as the coronavirus outbreak could prompt the Fed to act somewhat. According to FedWatch CME, the market believes there is about a 67% chance that the Fed will conduct its first rate hike in September, up from less than 50% last week. A low interest rate environment reduces the cost of holding gold, thereby increasing the appeal of this precious metal amid global instability. In addition, the World Gold Council (WGC) said that net purchases by global central banks increased to 33 tons in April. This is also a big driving force pushing gold prices up recently.
OANDA:XAUUSDLong
by SantaTradeGold
NZD/CAD Short, NZD/CHF Short, GBP/CHF Short and SUGAR/USD ShortNZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CHF 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/CHF 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. SUGAR/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.
OANDA:SUGARUSDShort
by StewySongs
Gold plummeted without stoppingThe USD increased slightly thanks to bottom-catching demand after this currency continuously decreased recently. Previously, the USD fell because there were more signals that the US would soon cut interest rates. It is likely that it will take until September or November for the US to cut interest rates. Many other central banks such as Europe's ECB or Britain's BOE may cut interest rates sooner. This also means that, in the short term, the USD may still increase. When the USD moves up, it will be difficult for precious metal products to increase in price, or even decrease due to a prolonged increase from the end of 2023 until now.
TVC:GOLD
by TrategySherpa