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Trump, Fed Speculation Drive Gold to New Heights Trump, Fed Speculation Drive Gold to New Heights Gold price cleared the May 20 high of $2450 on Tuesday, as expectations intensify that the U.S. Federal Reserve will commence an easing cycle in September. Fed Chair Jerome Powell addressed the Economic Club of Washington this week, noting the economy's solid performance and signaling potential rate cuts once inflation trends towards the 2% target. The CME FedWatch Tool indicates near-certain odds of a 25-basis point rate cut in September, with many forecasting a total of 50 basis points in cuts through 2024. But one has to question the accuracy of these optimistic predictions. The next FOMC meeting is in 14 days. Adding to the upward momentum on gold is the potential election of former President Donald Trump in November. Trump's proposed policies, including tariff hikes and tax cuts, are anticipated to increase the U.S. budget deficit and spur inflationary pressures. Bullish momentum in gold appears intact, supported by the Relative Strength Index (RSI) on the daily chart. Although it is trending higher and approaching typical overbought conditions.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD 3 options for monday! have a look happy sunday gold fans! hope you're well and enjoying your weekend awaiting football! Id like to see a move down to the zone i wanted friday to buy but with whats gone on with trump this weekend, id like to think it may just shoot up for the all time high. For me to sell id like to see some price forming bearish structure in the daily engulfing first Im under no illusion that all time high may not happen so im prepared either way, this is why im a scalper so i can react to price as it happens and happy to take buys and sells daily trend is still broken to the upside for now so lets see if we continue higher at open, but to be honest, im probably gonna be a bit pissed by then lol catch you in london!! tommy
OANDA:XAUUSD
by tommyXAU
3
XAUUSD CPI day! lets deep dive ... good evening gold gang! hope you're all well and had a great day! .. i would have loved the buys up but i just couldnt get an entry so the sells had to do from the top zone down to the newly formed liquidity .. lovely price currently still respecting 4h trend to the upside. I have an important daily level where the trend meets to take buys from in london, only problem is the no wick candle below it which can be a liquidity target no sells confirmation until all trend is broken below .. im still bullish so im predicting a bullish CPI .. i may change my mind as price unfolds in asia and london lets do what we always do, turn up in session and take highly probable trades follow, boost and like if you want more of this content from me catch you in london Tommy boi COME ON ENGLAND!!!!!
OANDA:XAUUSD
by tommyXAU
XAUUSD Closed above 4h trend to BUY !Good evening gold gang hope you are and made some money in an overall rangey day. We took the sells from the 4h zone for 100+ pips in the NY session and that was enough for me. Buys were also good from the bottom of the zone but one and done is enough. We have closed on the 4h above the trend and showing bullish intension to buy up to the top zone! ill have to re asses in london to determine how im getting in but would prefer the 4h zone at 2339 to be broken first. Lots of clean traffic above which should provide very fast movement up. sells need 4 hr closure below 2320 in order to confirm inline with the daily trend. other than that lets have a good session tomorrow as we did today! follow for updates! tommy
OANDA:XAUUSD
by tommyXAU
XAUUSD Critical level!! must read good evening gold gang!! its that time once again its sunday night ready for the open!! New month new quarter and half the year done!! it goes so quick gold right now is on the verge of breaking to the upside to attack the highs once again .. but it needs to break above and close where it is now im BEARISH on the daily time frame so ill be looking for good selling opportunities below the zone tomorrow .. if asian presents us with bullish PA then i will be buying .. its all dependant on closures above or below this level of 2321 stay tuned during the day for updates ... if you're not following me then you are MISSING OUT!! hit the button now catch you in london big T
OANDA:XAUUSD
by tommyXAU
2
XAUUSD last day of month/quarter. Expect fireworks Good evening gold gang!!!! hope you're well and ready to rumble once again today we saw a huge expansion to the upside breaking all down structure, im happy to say we got in at the bottom to buy up!! i personally took 50 pips as i needed to leave the screen but the group took a lot more, congrats you lot I am looking for buys now the price has shown us the change of trend so a pull back in asian would be fantastic for me incase of catastrophic sells, expect the major algo to hit .. i predict its gonna be a mad one tomorrow!!!!! lets lock in last day of the month! see you in london tommy
OANDA:XAUUSD
by tommyXAU
3
XAUUSD congrats sellers!! whats next?! good evening gold gang! wow another great day price following the analysis perfectly!! .. we caught the sells in the group but i was stopped at break even before the big drop once again but many in the group stayed in so congrats you lot! the HTF trend is broken but the fundamentals are still bullish so keep an eye on the major news announcements this week. I would like to see a pull back in asia to sell down in london again to the major algo 2279. Id like it to spike there to take buys back up to follow news but will need to see at the time no buys for me at the minute until the level at 2312 is cleared and closed above .. lets have another good day! follow this page and like if you want me to keep posting on here again after a break ,, im enjoying it! catch you in london Tommy
OANDA:XAUUSD
by tommyXAU
1
XAUUSD Analysis was great, execution was not .. heres why Good evening gold gang!! another lovely bit of short term analysis playing out with a little twist ... price broke structure in asian as expected before shooting up in london pre ny! This had us fooled as it looked like it was coming up but it was actually tapping the zone from yesterday before dropping all the way through in the intended position. The sells i had eyed up from the top .. but they were outside of my trading hours pre NY so i followed my rules and didnt take them The current area were in now is dangerous as its sandwiched between 2 HTF zones and we need a break out. Price is respecting the current trend being bullish .. but its very close on its 4th touch of the trend! so it could collapse in asia. Lets wait for a clear break of the zone before entering catch me in the DMS if you have questions ... its nice to be back posting on here after so long and reconnecting with you all! have a great rest of your day big T
OANDA:XAUUSD
by tommyXAU
3
XAUUSD 2 options for tomorrow, lets discuss Good evening gold gang! a great day today catching 2 buy positions as planned last night. Well done to those who got in. Price is still making bullish structure so i need to see a break of this and retest before selling currently. Buyers be aware we have a solid section of price at 2338 that will create a reaction .. ideally id like this cleared by london. Scalp sells can be available there but will need confirmation. Geopolitical news of war etc is still bullish for gold and im expecting it to continue to rise as long as the HTF remains in trend. the trend is your friend until the end as they say have a great rest of your day and ill catch you in london Tommy
OANDA:XAUUSD
by tommyXAU
3
Gold's Next Chapter: Technical Insights and Market TrendsGOLD (SPOT) – technical overview The 2019 breakout above the 2016 high at 1375 was a significant development, opening the door for fresh record highs and this next major upside extension into the 2500-3000 area. Setbacks should now be well supported above 2000 on a monthly close basis. R2 2451 – 20 May Record high – Strong R1 2388 –7 June high – Medium S1 2277 – 3 May low – Strong S2 2223– 21 March high – Strong GOLD (SPOT) – fundamental overview The yellow metal has pushed record highs in 2024 with solid demand from medium and longer-term accounts. These players are more concerned about inflation, geopolitical risk and a less upbeat global growth outlook. All of this should keep the commodity well supported, with many market participants also fleeing to the hard asset as the grand dichotomy of record high equities and record low yields comes to an end. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD im still bullish on gold!! heres why whats up guys im back after a little while posting on here .. hope you're all well Price to be failed to break swing lows on the daily and is respecting current 4h trend so i am still bullish! .. geopolitical factors too with the war keep me thinking price can come up looking for confirmation to buy down here at the bottom during london session tomorrow but need to keep in mind the obstacles in my way like the 4h zone 2338 .. price is likely to bounce there other than that lets see price play out in london and make informed decisions from there have a great week! tommy
OANDA:XAUUSD
by tommyXAU
4