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World gold has increased sharply for many weeksLeading professionals are having effective tests approximately the chance of gold charge will increase this week. Specifically, as much as 12/thirteen Wall Street professionals expect that gold charges will boom subsequent week and most effective 1 analyst predicts that charges will decrease. While no professional predicts gold will flow sideways subsequent week. World gold rose to a 7-week excessive and ended its 0.33 consecutive week of profits after dovish remarks from US Federal Reserve Chairman Jerome Powell, along side data that inflation is decreasing. as expected. The US client charge index (CPI) document launched ultimate week confirmed that center inflation (apart from risky meals and power charges) multiplied via way of means of 3% over the equal length ultimate year, marking The annual inflation boom is the slowest considering the fact that April 2021. Closing the buying and selling consultation ultimate week (July 14), the sector gold charge changed into indexed at 2,411.sixty seven USD/ounce.
TVC:GOLDShort
by NicoTradingMaster
XAU continued to rise in the first days of the weekXAU rose to a 7-week high and ended its third consecutive week of gains following dovish comments from US Federal Reserve Chairman Jerome Powell, along with news that inflation is decreasing as expected. wait. The US consumer price index (CPI) report released last week showed that core inflation (excluding volatile food and energy prices) increased by 3% over the same period last year, marking The annual inflation increase is the slowest since April 2021. Closing the trading session last week (July 14), the world gold price was listed at 2,411.67 USD/ounce.
OANDA:XAUUSD
by NicoTradingMaster
Gold prices have recently increased sharplyGold can also additionally attain 2,500 USD/ounce withinside the close to destiny while the marketplace is happy through fantastic information. Analysts at CPM Group keep to don't forget gold as a channel really well worth making an investment withinside the close to destiny. Gold charges are keeping firm, supported through issues approximately growing geopolitical instability across the world. As americaA election approaches, gold charges will boom. World gold spot rate stands round 2,406.9 Kitco News` modern day weekly gold survey suggests professionals and shops are constructive approximately gold charges this week. XAU stays in a bullish trend. Gold charges rose for the 1/3 consecutive week, supported through low hobby prices and a vulnerable USD. Weak CPI document and hypothesis that americaA Federal Reserve (Fed) can also additionally reduce hobby prices greater than two times this year. Thereby, gold charges can also additionally keep to boom withinside the brief term.
TVC:GOLD
by TrategySherpa
XAU climbed to the top Monday morningWorld gold spot price stands around 2,406.9 Kitco News' latest weekly gold survey shows experts and retailers are optimistic about gold prices this week. XAU remains in a bullish trend. Gold prices rose for the third consecutive week, supported by low interest rates and a weak USD. Weak CPI report and speculation that the US Federal Reserve (Fed) may cut interest rates more than twice this year. Thereby, gold prices may continue to increase in the short term.
OANDA:XAUUSDShort
by TrategySherpa
The gold market witnessed a strong increaseThe gold market is witnessing a strong bullish reaction to better-than-expected inflation data Inflation is falling towards the Fed's 2.0% target and makes it more likely that the central bank will start cutting interest rates - a positive development for gold. Interest rates have done a good job of bringing inflation back to the Fed's 2.0% target. Asked about the timing of future Fed rate cuts and whether he would wait until the Fed's preferred inflation measure, the Personal Consumption Expenditures Price Index (PCE), falls below target Fed before taking action, Powell said he would not do so, because "inflation has a certain momentum" and "you don't want to wait until inflation falls to 2.0%".
TVC:GOLDShort
by TrategySherpa
World gold increased sharply after CPI newsGold prices edged higher on Thursday after US CPI data fell more sharply than expected in June, boosting hopes of a September interest rate cut from the Federal Reserve. The consumer price index (CPI) fell -0.1% last month after reaching 0.0% in May, the US Bureau of Labor Statistics said on Thursday. Latest inflation data good than expected, as economists were expecting a 0.1% increase. Over the past 12 months, headline inflation rose 3.0%, below expectations of 3.1% and slower than May's 3.3%, the report said. Core CPI, excluding food prices and volatile energy, up 0.1%, better than expectations of 0.2% and May's 0.2% gain. The report also said annual core inflation rose 3.3% in June, also better than expectations and the previous month's 3.4% increase.
OANDA:XAUUSD
by TrategySherpa
XAU soared sky high after news from the fedGold prices (XAU/USD) continued their upward momentum for the third consecutive day on Thursday. Comments from Fed Chairman Jerome Powell reaffirmed market expectations that the central bank would cut interest rates in September and again in December. This limited the USD's advance and became the main factor supports this precious metal. In addition, central banks' continuous increase in gold reserves, macroeconomic uncertainties and geopolitical risks also further support XAU/USD.
OANDA:XAUUSD
by TrategySherpa
2
Investors wait for the consumer price index in JuneThe market is expecting the first interest rate cut to take place in September. In general, the market believes that Powell's statements do not contain any new hawkish information. Maybe Mr. Powell will not offer any surprises in his comments. Meanwhile, US Treasury Secretary Janet Yellen on Tuesday (July 9) echoed Mr. Powell's comments by saying that the US labor market is no longer driving inflation in the country. Traders and investors are now awaiting the June US consumer price index and producer price index reports released this week. Elsewhere, in the Middle East, Hezbollah leader Sayyed Hassan Nasrallah said that if Hamas reaches a ceasefire agreement in Gaza with Israel, Hezbollah will stop its activities without separate negotiations. Previously, the group began shooting at Israeli targets on the border in support of the Palestinians after their ally Hamas launched an attack on Israel on October 7, leading to the war in Gaza.
TVC:GOLDShort
by NicoTradingMaster
World gold prices increased sharply thanks to demand from centraChina's failure to update gold reserves on the PBOC website does not mean the country has stopped buying. Some analysts suspect that China is keeping its gold purchases secret in the context of recent gold price escalation. Head of Futures & Forex at Tastylive - Christopher Vecchio said that some data shows China buying gold at the end of June. Many experts believe that PBOC will continue to buy gold to diversify foreign exchange reserves and prevent the domestic currency from depreciating. According to a report by the World Gold Council (WGC), about 20 central banks still expect to increase their gold holdings next year, due to rising financial and geopolitical risks.
TVC:GOLDShort
by TrategySherpa
XAU rebounded after USD weakenedThe second shock from a major player in the market caused profit-taking pressure to skyrocket. World gold pressure dropped from the July 8 session after news that the Central Bank of China (PBOC) stopped buying gold for the second consecutive month in June. According to PBOC's announcement, the amount of gold bars held by the bank As of the end of June, this was unchanged at 72.8 million ounces. This information is contrary to some sources saying that China returned to buying gold in June. World gold prices increased rapidly after US Federal Reserve Chairman Jerome Powell made less hawkish statements on monetary policy. Investors bet on the possibility that the Fed will lower interest rates at its September meeting. The USD is forecast to decrease following the Fed's trend of cutting interest rates, thereby positively affecting gold prices.
OANDA:XAUUSDShort
by TrategySherpa
US inflation data is the ideal catalyst for gold to reach new hiAlthough fees have dropped sharply, investors` techniques endorse that gold will upward push better withinside the close to destiny primarily based totally on marketplace predictions approximately hobby price cuts via way of means of americaA Federal Reserve (Fed). The CME Fedwatch device indicates hobby costs will fall in September and will fall in addition in November and December, which might gain gold. According to a record posted final Friday, the unemployment price reached its maximum degree in 2.five years. Data indicates that americaA hard work marketplace is weakening. According to the CME Fedwatch device, the marketplace is looking ahead to a 78% hazard that the Fed will start its coverage easing cycle at its September meeting. Additionally, an increasing number of investors agree with there could be some other price cut. some other price in December. Elsewhere, the Central Bank of China, the world's main gold consumer, has bogged down the addition of gold reserves for the second one consecutive month in February. However, Simpson stated that China may also have briefly stopped shopping for gold, however usual call for remains there. And that would reason gold to preserve to upward push in charge and inspire shopping for while fees fall.
TVC:GOLD
by NicoTradingMaster
Gold decreased to a strong increaseAfter last week's US jobs report, market forecasters said the Fed would cut interest rates in September from 50% to 70%. World gold prices fell sharply due to profit-taking pressure from investors. Analysts say that this is normal activity when gold prices are at high levels in recent sessions. According to experts, in the long term, gold prices still tend to increase. Precious metals are being supported by last week's statements by US Federal Reserve Chairman Jerome Powell about loosening monetary policy. It is likely that the Fed will cut interest rates in September and will likely cut again in December. 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.
TVC:GOLD
by TrategySherpa
Precious metals are in an uptrendMany forecasts say that China will hold to shop for gold due to the fact the share of gold withinside the country`s forex reserves remains very low, handiest 4.9%. Meanwhile, Beijing desires to lessen its dependence at the USD. According to specialists, treasured steel expenses have simply received momentum after the speech of the Chairman of the United States Federal Reserve (Fed). Mr. Jerome Powell stated that US inflation has cooled down. Experts and traders are growing expectancies that the Fed will quickly loosen economic coverage. After the monetary and employment information had been released, many specialists stated that the opportunity that the Fed might begin slicing hobby prices in September extended from 65% to 68%. In addition, the marketplace additionally expects some other hobby fee reduce through the Fed in December. Currently, traders look ahead to the mins of the United States Central Bank's contemporary coverage assembly and the non-farm payroll file to recognize greater approximately hobby fee cuts.
TVC:GOLDShort
by TrategySherpa
World gold spot price stands around 2,363World gold prices almost went sideways, due to investors' profit-taking mentality after the precious metal saw a sudden increase in the previous session. According to experts, precious metal prices have just gained momentum after the speech of the Chairman of the US Federal Reserve (Fed). Mr. Jerome Powell said that US inflation has cooled down. Experts and investors are increasing expectations that the Fed will soon loosen monetary policy. After the economic and employment data were released, many experts said that the possibility that the Fed would start cutting interest rates in September increased from 65% to 68%. In addition, the market also expects another interest rate cut by the Fed in December. Currently, investors wait for the minutes of the US Central Bank's latest policy meeting and the non-farm payroll report to know more about interest rate cuts.
OANDA:XAUUSDShort
by TrategySherpa
World gold prices soared as the USD cooledWorld gold prices soared as the USD cooled after US Federal Reserve Chairman Jerome Powell made less hawkish statements on monetary policy. Fed Chairman Jerome Powell expressed satisfaction with the pace of cooling in US inflation over the past year. This is a less hawkish signal about monetary policy. The DXY index - measuring the greenback's fluctuations against six major currencies - fell from 106 points to 105.4 points on the US market. Gold prices immediately increased. Investors are betting on the possibility that the Fed will have to consider the possibility that cutting interest rates too late could affect the recovery and growth of the US economy.
OANDA:XAUUSDShort
by TrategySherpa
Trading strategy when gold increasesThe awareness now turns to nonfarm payrolls launched on Friday (US time), so one can be critical in assessing whether or not americaA hard work marketplace stays resilient amid multi-12 months excessive hobby rates. decade or not. Gold expenses are down 5% from a report excessive of $2,449.89 an oz reached on May 20, a rally pushed with the aid of using safe-haven call for fueled with the aid of using geopolitical and monetary uncertainty. financial system in addition to the continuing shopping sports of principal banks, an critical call for group. Gold expenses fell barely nowadays as Treasury yields remained unchanged, at the same time as buyers digested remarks from US Federal Reserve Chairman Jerome Powell and awaited US jobs data. The US can be introduced later this week for similarly alerts on US hobby charge cuts.
TVC:GOLDShort
by TrategySherpa
Strategy to sell XAU when price increasesThe focus now turns to nonfarm payrolls released on Friday (US time), which will be important in assessing whether the US labor market remains resilient amid multi-year high interest rates. decade or not. Gold prices are down 5% from a record high of $2,449.89 an ounce reached on May 20, a rally driven by safe-haven demand fueled by geopolitical and economic uncertainty. economy as well as the ongoing purchasing activities of central banks, an important demand group. “Physical demand remains weak in major markets such as India and Türkiye but there are signs of recovery there as consumers want to protect themselves against other factors such as Local inflation remains high."
OANDA:XAUUSDShort
by TrategySherpa
GBPUSD - Strong Rally Above 1.2675The GBPUSD has traded above the Weekly Key Price of 1.2675, establishing an uptrend in the 15-minute timeframe. Although the weekly, daily, 4-hour, and 1-hour timeframes are bearish, we focus on trading what we observe in the current timeframe. With the price trading above 1.2675 and a bullish wave structure, our action is to either buy or remain on the sidelines as long as the price stays above this key level. Buy Entry: 1.2385 Technical Stop Loss: 1.2665 Key Level Stop: Below 1.2675 Always think in probabilities.
Long
by Charts247TradingAcademy
3
Comprehensive GBPUSD Analysis Ahead of UK General ElectionThis is a comprehensive analysis of the GBPUSD ahead of the UK General Election scheduled for Thursday, 4th July 2024. The chart has been marked to highlight key levels (Decision-Making Points) on the weekly, daily, and H4 timeframes. Below is a summary based on the price analysis: Weekly: Strong Bearish The wave structure on the weekly chart indicates a bearish expectation. Daily: Bearish Wave Structure The daily chart shows a second bearish wave structure with a lower low. H4: Bearish Wave Structure with Pullback The H4 chart has completed a bearish wave structure and shows a valid pullback. H1: Bearish Momentum This morning, a momentum low was made, and the current pullback aligns with the second bearish wave structure.
by Charts247TradingAcademy
XAU suddenly increased sharply todayWorld gold spot price stands around 2,321.6 USD/ounce World gold prices suddenly increased sharply after being "hurt" by a statement from a US Federal Reserve (Fed) leader that caused the USD to increase in price, taking away XAU's significant strength. The Fed keeping interest rates unchanged for a longer period of time may be enough to control inflation, and the Fed may even raise interest rates further if inflation continues to rise. Currently, investors are paying attention to the US May inflation report published later this month. They expect that after the report, the direction of gold will be clearer.
OANDA:XAUUSD
by TrategySherpa