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Scalping GOLD m15On the m15 frame chart we will have Scalping signals today with support at 2365 and resistance at 2371. The main trend in the small frame is up and is being supported by two EMA lines. Therefore, a BUY scalp signal around 2365 is still being considered by investors. Gold prices held steady in early trading Wednesday morning in Asia. Expectations of Fed interest rate cuts continue to boost yellow metal prices. The PBoC has restrained gold purchases for a consecutive month, limiting XAU/USD's rise.
OANDA:XAUUSD
by TVS-Trader
XAUUSD : Gold will find its old peak during the weekendWorld gold increased amid unabated geopolitical instability in many regions. At the same time, countries tend to increase gold reserves and reduce dependence on the USD, supporting the price of this precious metal. Previously, in a meeting with the US Senate, Fed Chairman Jerome Powell said the US labor market had weakened and US Treasury Secretary Janet Yellen also said that US inflation would decrease over time. This increases expectations that the Fed will soon lower interest rates in September.
OANDA:XAUUSD
by SantaTradeGold
2
GOLD : Can gold reach the $2,500 discipline mark?Despite gold's consolidation phase, in a report published on Wednesday, commodity analysts at Citi said strong gold demand in the second half of the year could push XAUUSD towards 2,600, as the Investors flocked to precious metals. Along with renewed investor interest, analysts say they expect central bank demand to hit a record this year. According to the model, analysts expect central banks to buy about 1,100 tons this year, up 5.8% year-on-year and likely exceeding the expected 1,250 tons. Citi's outlook comes after foreign exchange reserve data from the PBOC showed the bank did not add to China's gold reserves for the second month in a row. Despite this shift, analysts note that central banks' gold demand has stabilized at a record 28-30% of gold mining output since 2022. They also see demand is likely to increase to 35% in the bullish scenario next year due to the trade war and concerns about US financial policy. While the gold market remains driven by central bank demand, Citi also expects retail consumers and investors to further drive gold's growth. “We remain bullish on gold demand over the next 12 months, with potential Fed rate cuts and headwinds in the US labor market helping to boost demand,” Citi analysts wrote. with this metal. In this situation, Citi predicts XAUUSD will trade between 2,800 and 3,000 by mid-2025.
TVC:GOLD
by SantaTradeGold
EURGBP: One More Short 🇪🇺🇬🇧 After our yesterday's profitable short, I see one more selling opportunity on EURGBP. After a strong bearish wave, the pair started to consolidate within a narrow horizontal range on an hourly time frame. The release of morning's UK/EU Fundamentals triggered a bearish reaction causing a breakout of a support of the range. I opened one more short on the pair. Next goal - 0.8415 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Gold will increase sharply when the Fed reduces interest rates"Capital inflows were widespread, with all regions recording positive increases except for North America, which saw a slight decline for the second consecutive month. Overall, yields fell across regions important and the weakening USD has made gold more attractive to domestic investors," analysts said. "Lower interest rates are a key factor driving capital flows into the region," analysts said. Additionally, cooling stock markets and political uncertainties related to elections in The UK and France, which have sparked significant capital inflows, have also boosted investor interest in gold. Although North American gold demand remains tepid, analysts note that it could easily reverse if the Fed starts cutting interest rates. The market forecasts about a 70% chance that the Fed will cut interest rates in September. "A strong dollar and continued stock market growth may have drawn investors' attention away from gold despite falling US government bond yields," analysts said. "However, flare-ups in geopolitical risks prompted episodic capital inflows, partially offsetting larger outflows during the month."
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold is looking for a direction to create a new peakAfter a sharp decline, gold prices today increased again, fluctuating around 2,369 USD/oz when the Fed Chairman did not comment on reducing interest rates, and global investment funds increased the amount of gold held. Fed Chairman Jerome Powell told a Senate committee that the economy remains strong. However, he did not make any comments about cutting interest rates, increasing expectations that the Fed will reduce interest rates in September. Accordingly, the USD's upward momentum slowed down, benefiting gold prices today. .
OANDA:XAUUSD
by SantaTradeGold
Slight fluctuations after price reductionGold prices increased slightly in early trading Tuesday morning in Asia. Rising interest rates dampen expectations and cash flows into safe havens could limit the precious metal's decline. The pause in gold purchases by the People's Bank of China (PBoC) is likely to put pressure on XAU/USD in the near term. From a technical point of view, XAU/USD is under pressure, but not bearish. In the small h2 time frame chart, the pair continues to be supported by two EMAs. This could be a temporary recovery in a prolonged uptrend in the near term. After recovering from EMA 89 around 2351, gold has shown positive signs at the beginning of the Asian trading session. Pay attention to important support and resistance zones to have the best trading strategy. Support level: 2350-2358 Resistance level: 2371-2380
OANDA:XAUUSD
by TVS-Trader
Gold analysis week 28Disappointing economic data, including a slowdown in the US labor market, have increased market expectations that the Federal Reserve will cut interest rates in September. Expectations are growing. The start of a new easing cycle has pushed the US Dollar index to a 3-week low and bond yields to a 4-week high, creating favorable conditions for gold prices to trade at their highest level in 2019. 4 weeks. The US economic calendar will not release any data with a significant impact in the first half of next week. However, investors will be watching closely as Chairman Powell will conduct two days of testimony before the Senate Finance Committee on Tuesday and the House Finance Committee on Wednesday. Gold prices decisively broke the head-and-shoulders neckline, pushing the spot price close to $2,390, suggesting buyers are in control and prices will move even higher. The momentum has shifted in favor of the buyers as depicted by the bullish Relative Strength Index (RSI). A daily close above the June 21 high of $2,368 could open the door to a trading range higher in the $2,370-2,400 region, with buyers targeting higher levels . If the price breaks above $2,400, it will hit a yearly high of $2,450 before hitting $2,500. On the other hand, if sellers push the spot price below $2,350, the price could continue to fall towards $2,300. If this support fails, the next demand zone will be the May 3 low of $2,277, followed by the March 21 high of $2,222.
OANDA:XAUUSD
by TVS-Trader
EURUSD analysis week 28☘️The EUR/USD exchange rate fluctuated strongly after the US Nonfarm Payrolls (NFP) report was released mixed on Friday. The price is trading around 1,083 near the three-week peak. ☘️European industrial output fell more sharply than expected. EU-wide retail sales beat forecasts, coming in at 0.3% year-on-year versus an expected 0.1%, but still down from 0.6% previously. ☘️Yarn traders will pay attention to the appearance of Federal Reserve (Fed) Chairman Jerome Powell on Tuesday, followed by final inflation figures from both the EU and US on Thursday. Next Friday will close out next week with German Retail Sales, as well as US Producer Price Index (PPI) inflation and the University of Michigan's Consumer Sentiment Index survey results. ☘️GBPUSD has approached the 1.085 peak area, continuing to bring EURO back to being the world's leading currency. Momentum has shifted in favor of buyers as depicted by the Relative Strength Index (RSI) price increase. The nearest resistance level at 1,085 should prevent a surprise rally after the US data. If the price breaks through that level, the price will reach a recent two-month high around 1,090. On the other hand, if the sellers push the price down, the pair has many important support levels to maintain the stability of the uptrend first around the disputed 1,079 EMA support zone. If this support fails, the next demand zone will be the Break out of the sideway trend at 1.075. Support: 1,085-1,089 Resistance: 1.079-1.075 Trading signals SELL EURUSD zone 1.089-1.091 SL 1.093 BUY EURUSD zone 1.075-1.073 SL 1.071
by TVS-Trader
2
GOLD (XAUUSD): Technical Outlook Explained Gold is currently consolidating within a narrow horizontal range on a 4H time frame. The reaction of the market to Powell speech was very limited and the price did not manage to initiate an impulsive movement. If you are looking for a bullish confirmation, I suggest waiting for a bullish breakout of an upper boundary of the range. A 4h candle close above 2371 will confirm a violation. A bullish continuation will be anticipated at least to 2390. Alternatively, a bearish breakout of the support of the range will trigger a further bearish continuation lower to 2338 support. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
1
GOLD : Gold is increasingly unpredictableXAU/USD has been on the rise since late June, reaching a peak of $2,390 on Friday, representing a 4% gain. This is mainly due to the USD falling by 1%, as gold prices are often more volatile than the USD. Weak jobs data pushed gold prices up on Friday, weakening the dollar and bringing the timing of an interest rate cut closer. However, it is worth noting that gold decreased by 0.8% immediately after the release of the report. The market's subsequent reaction was of the "good for evil" variety: labor market weakness increased expectations of an early interest rate cut, which boosted risk appetite. However, this is a very difficult trend to sustain, because not all negative factors in the macroeconomy reduce inflation. On the contrary, we see wage growth (4.1% over the same period last year) is still higher than inflation (3.3%). At the same time, hiring figures from previous months were revised downward, and the unemployment rate reached a 31-month high. However, it is likely that gold prices will continue to be under pressure. The 50-day MA at $2,340 is considered the first signal mark. If this zone is broken without resistance from buyers, XAU/USD could quickly retreat to the $2,300 zone, a key level to determine the trend in the coming months. A drop below this level would be considered a break in the uptrend since October, when the Fed first signaled its readiness to cut interest rates.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold is rotating above the old peakWorld gold is fluctuating around 2,363 USD/oz. World gold prices "evaporated" in the context of technology stocks in the US rising sharply. Accordingly, investors focus their capital on stocks, causing cash flow into this precious metal to be limited, causing a disadvantage for gold prices today. On the other hand, after the gold price increased sharply to 2,391 USD/oz, many investors quickly took profits, especially in May and June 2024, China had 2 consecutive months of not buying gold. This week, the market's attention will be focused on Fed Chairman Jerome Powell's statement in testimony before Congress and US inflation data scheduled for release on July 11.
OANDA:XAUUSD
by SantaTradeGold
XAU fell as investors took profitstraders price a more than 72% chance the Fed will cut interest rates by 25 basis points in September, up from 59% last week. Traders are also pricing in the growing possibility of a second interest rate cut in December. Key US data points for the week include Fed Chairman Powell's speech to the US Congress on Tuesday and Wednesday. Consumer price index; producer prices on Thursday and Friday - will likely influence the central bank's interest rate outlook. Elsewhere, in weekend news, a coalition of left-wing parties in France, known as the New Popular Front, won the most seats in the National Assembly election, according to initial predictions.
OANDA:XAUUSDShort
by TrategySherpa
Gold price edges lower as PBoC keeps Gold buying on hold☘️Fundamental analysis Gold prices attracted some selling during early European trading on Monday. Gold lost momentum as the People's Bank of China (PBoC), China's central bank, kept its gold purchases unchanged for the second month of June, according to official data released on Sunday. It should be noted that China is the world's largest consumer of gold bars, and a pause in gold purchases could affect gold prices. On the other hand, growing speculation that the US Federal Reserve (Fed) will cut interest rates in the third quarter could push up unprofitable gold prices. Furthermore, political instability in France after voter opinion polls showed the final round of voting in the French parliamentary election pointed to a hung parliament, which could spur Safe haven assets like Gold. Traders will pay closer attention to Fed Chairman Jerome Powell, who will testify on Tuesday ahead of June US Consumer Price Index (CPI) inflation data on Thursday. ☘️Technical analysis Gold price decreased slightly during the day. Technically, the yellow metal maintains a bullish bias on the daily chart as it holds above the 34 EMA and 89 EMA. The precious metal maintains a breakout above the formed descending trend channel formed on May 10. RSI reacts at the 50 zone, signaling that gold will still maintain its upward momentum today. The first upside barrier for XAU/USD will appear at the psychological $2,400 level after overcoming Friday's peak around 2392. On the downside, support for the yellow metal lies at $2,370, a break out of a key multi-day high. Support: 2378 -2370 - 2364 - 2360 Resistance: 2385 -2393 - 2400 SELL price range 2398 - 2400 Stoploss 2403 BUY price range 2370 - 2368 Stoploss 2365
OANDA:XAUUSD
by TVS-Trader