XAUUSD: Powell's Softer Tone Hints at Gold's Liftoff – Ready for a July Rally?
Hey everyone!
Let's dive into XAUUSD today! We've got some sweet news from Fed Chair Jerome Powell that could be a game-changer for Gold.
🌍 Macro Edge: Gold Breathes Easier as Rate Pressures May Ease!
Gold's recent climb is largely thanks to Powell's "soft-spoken" remarks. He's openly admitted that tariff-driven inflation is lower than expected, even subtly hinting at earlier rate cuts – perhaps as soon as July!
Despite his "no need to rush" stance, the market's getting a clear message: if inflation keeps cooling down, the Fed will have room to loosen policy sooner. This is music to Gold's ears! Lower rates mean a reduced opportunity cost for holding Gold (which doesn't yield), making it far more attractive to investors.
🌐 Capital Flows: Gold vs. USD – Who's the Next Safe-Haven King?
Market liquidity always dances to the tune of interest rates and risks. Gold and the USD typically share the safe-haven crown during volatile times.
However, if Powell's "dovish tilt" holds, and the Fed cuts rates soon, prepare for a significant capital shift:
USD might cool off: Lower US yields reduce the USD's appeal.
Gold takes the spotlight: With lower holding costs and persistent global geopolitical uncertainties, Gold could see a surge in demand.
The market's re-pricing of Fed policy is already bolstering Gold, signaling a potential upside move on the horizon!
📊 Technical Insight (H4/M30 Chart): Gold Breaking Free, Targeting Higher Peaks!
Looking at our XAUUSD chart (H4/M30, based on your image):
Channel Breakout: Gold has clearly broken out of its prior descending channel! This is a positive sign, indicating weakening selling pressure and a potential trend reversal. Price is consolidating, possibly forming a new accumulation pattern or a minor ascending channel.
Key Levels to Watch:
Potential SELL Zone (Resistance): Around 3352.383 - 3371.205. This is a major historical resistance cluster where Gold has previously met strong selling pressure. Watch for rejection here.
Higher Resistance: 3391.750 - 3395.000. A decisive break above this level would signal a more robust long-term bullish trend.
Current BUY Zone (Support): Around 3302.939 - 3311.214. This is a critical demand zone where strong buying interest is likely to emerge, aligning with recent lows.
Next Key Support: 3286.257. This is the next line of defense if the current BUY zone breaks.
🎯 Trade Plan & Key Zones:
BUY ZONE: 3286 - 3284
SL: 3280
TP: 3290 - 3294 - 3298 - 3302 - 3306 - 3310 - 3315 - 3320
BUY SCALP: 3302 - 3300
SL: 3295
TP: 3306 - 3310 - 3314 - 3318 - 3322 - 3326 - 3330
SELL ZONE: 3353 - 3355
SL: 3360
TP: 3350 - 3346 - 3340 - 3335 - 3330 - 3320
SELL ZONE: 3372 - 3374
SL: 3378
TP: 3370 - 3366 - 3362 - 3358 - 3354 - 3350
⚠️ What Else to Watch For:
More Fed Official Speeches: Any new comments on inflation or policy will keep the market buzzing.
Geopolitical Developments: Ongoing global tensions can always boost Gold's safe-haven appeal.
Let's trade smart and stay sharp! Wishing everyone a successful trading day!
Hey everyone!
Let's dive into XAUUSD today! We've got some sweet news from Fed Chair Jerome Powell that could be a game-changer for Gold.
🌍 Macro Edge: Gold Breathes Easier as Rate Pressures May Ease!
Gold's recent climb is largely thanks to Powell's "soft-spoken" remarks. He's openly admitted that tariff-driven inflation is lower than expected, even subtly hinting at earlier rate cuts – perhaps as soon as July!
Despite his "no need to rush" stance, the market's getting a clear message: if inflation keeps cooling down, the Fed will have room to loosen policy sooner. This is music to Gold's ears! Lower rates mean a reduced opportunity cost for holding Gold (which doesn't yield), making it far more attractive to investors.
🌐 Capital Flows: Gold vs. USD – Who's the Next Safe-Haven King?
Market liquidity always dances to the tune of interest rates and risks. Gold and the USD typically share the safe-haven crown during volatile times.
However, if Powell's "dovish tilt" holds, and the Fed cuts rates soon, prepare for a significant capital shift:
USD might cool off: Lower US yields reduce the USD's appeal.
Gold takes the spotlight: With lower holding costs and persistent global geopolitical uncertainties, Gold could see a surge in demand.
The market's re-pricing of Fed policy is already bolstering Gold, signaling a potential upside move on the horizon!
📊 Technical Insight (H4/M30 Chart): Gold Breaking Free, Targeting Higher Peaks!
Looking at our XAUUSD chart (H4/M30, based on your image):
Channel Breakout: Gold has clearly broken out of its prior descending channel! This is a positive sign, indicating weakening selling pressure and a potential trend reversal. Price is consolidating, possibly forming a new accumulation pattern or a minor ascending channel.
Key Levels to Watch:
Potential SELL Zone (Resistance): Around 3352.383 - 3371.205. This is a major historical resistance cluster where Gold has previously met strong selling pressure. Watch for rejection here.
Higher Resistance: 3391.750 - 3395.000. A decisive break above this level would signal a more robust long-term bullish trend.
Current BUY Zone (Support): Around 3302.939 - 3311.214. This is a critical demand zone where strong buying interest is likely to emerge, aligning with recent lows.
Next Key Support: 3286.257. This is the next line of defense if the current BUY zone breaks.
🎯 Trade Plan & Key Zones:
BUY ZONE: 3286 - 3284
SL: 3280
TP: 3290 - 3294 - 3298 - 3302 - 3306 - 3310 - 3315 - 3320
BUY SCALP: 3302 - 3300
SL: 3295
TP: 3306 - 3310 - 3314 - 3318 - 3322 - 3326 - 3330
SELL ZONE: 3353 - 3355
SL: 3360
TP: 3350 - 3346 - 3340 - 3335 - 3330 - 3320
SELL ZONE: 3372 - 3374
SL: 3378
TP: 3370 - 3366 - 3362 - 3358 - 3354 - 3350
⚠️ What Else to Watch For:
More Fed Official Speeches: Any new comments on inflation or policy will keep the market buzzing.
Geopolitical Developments: Ongoing global tensions can always boost Gold's safe-haven appeal.
Let's trade smart and stay sharp! Wishing everyone a successful trading day!
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⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
byvn.net/t06K
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
byvn.net/t06K
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals VIP
Get quality daily trading signals and plans here
JOIN NOW
byvn.net/t06K
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.