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Gold faces pressure from investors when in high positionWhile investors are also cautious about how hawkish the Fed will be Caution and profit-taking pressure may be factors that prevent gold from continuing to rise. However, many recent forecasts show that the medium and long-term trend of gold is still quite bright. Demand for this commodity is forecast to increase. Major funds in the world are also increasing their gold reserves According to technical analysis, gold prices still tend to increase strongly in the short term
TVC:GOLD
by TrategySherpa
XAU tends to fall as investors take profitsGold prices surged in the first session of the week after Federal Reserve Chairman Jerome Powell delivered a historic speech at the Jackson Hole conference, marking a reversal in US monetary policy. Accordingly, Mr. Jerome Powell signaled that "it is time to adjust policy", reducing interest rates to support the economy. According to Mr. Powell, inflation has gradually decreased closer to the 2% target, while expressing concerns about the US labor market. The USD immediately fell sharply, thereby pushing gold prices up.
OANDA:XAUUSD
by TrategySherpa
Fed rate cut expectations unlikely to materializeSpot gold rose 0.3% to $2,518.forty seven an oz., barely underneath its preceding top of $2,531.60 an oz. hit closing week. US gold futures additionally rose 0.3% to $2,555.20. Interest charge expectancies and safe-haven call for on Middle East tensions may want to push gold better withinside the quick term, with XAU/USD forecast to go towards $2,six hundred an oz.. China`s latest halt in gold purchases has weighed at the valuable metal. However, Grant stated that although China does now no longer return, primary financial institution call for remains robust and could remain robust.
TVC:GOLD
by TrategySherpa
Rate cut expectations and geopolitical concernsSpot gold rose 0.3% to $2,518.47 an ounce, slightly below its previous peak of $2,531.60 an ounce hit last week. US gold futures also rose 0.3% to $2,555.20. Interest rate expectations and safe-haven demand on Middle East tensions could push gold higher in the short term, with XAU/USD forecast to head towards $2,600 an ounce. China’s recent halt in gold purchases has weighed on the precious metal. However, Grant said that even if China does not return, central bank demand is still strong and will continue to be strong.
OANDA:XAUUSD
by TrategySherpa
XAU slightly down after US sessionGold prices fell but remained near their recent record highs, supported by a weaker US dollar and rising expectations of a rate cut at the September meeting following dovish comments from Federal Reserve Chairman Jerome Powell. Traders have now fully priced in a rate cut next month, with a 64% chance of a 25 basis point cut and a 36% chance of a 50 basis point cut, according to the CME FedWatch tool. Zaner Metals senior metals strategist Peter A. Grant said that rate expectations and safe-haven demand due to concerns about Middle East tensions could push gold prices higher in the short term, and forecasted that XAU/USD could move towards $2,600/ounce.
OANDA:XAUUSD
by NicoTradingMaster
The gold rally is not over yet, because FEDCurrently, according to the CME FedWatch tool, the market is 36.5% certain that interest rates will be cut by 50 basis points at the monetary policy meeting next month. Experts said that the move to loosen monetary policy will have a negative impact on the USD, which is good support for the upward trend of gold prices. The biggest risk for the precious metal market in the coming time is inflation data, focusing on the US personal consumption expenditure (PCE) index in July. If inflation decreases, it will strengthen the possibility of the Fed easing monetary policy. Conversely, if inflation increases, it will be a drag on precious metals.
TVC:GOLD
by TrategySherpa
gold short term trading strategyLower bond yields appropriately mirror the weakening of the macro economy. He additionally mentioned that now no longer best have jobs been lost, however even white-collar, extraordinarily professional jobs have now no longer multiplied a good deal during the last year. Investors had been amazed with the aid of using a dovish speech at Jackson Hole. The inventory marketplace reacted undoubtedly after Powell`s speech, attaining close to report highs. However, investors had been nevertheless amazed due to the fact Powell's speech went past what they expected. The Fed is probably to reduce costs with the aid of using 25 bps in September, and probably even 50 bps, relying on how the August jobs document performs out. More importantly, the transition from monetary stimulus to economic stimulus has despatched bond yields plunging, down eighty bps considering Hartnett commenced recommending bond shopping for in May. While retail income may also have multiplied in nominal terms, they've slightly grown in actual terms—that is, after eliminating the effect of inflation—which shows a weakening in client spending and spending withinside the present day monetary environment.
TVC:GOLD
by TrategySherpa
XAU will continue to increase in the coming timesaid the gold market is focused on the Fed's interest rate cut. Since the beginning of the year, gold prices have increased by more than 20%, as investors expect the Fed to cut interest rates soon. "Gold prices are still rising despite high interest rates. Data shows that gold prices have been stable for a long time even before the Fed did not cut interest rates When interest rates decrease, gold tends to increase. Investors see this as a tool to hedge against inflation. The strong gold market is also thanks to central banks actively buying to reduce dependence on the USD. This positively supports gold prices to reach new peaks.
OANDA:XAUUSD
by NicoTradingMaster
XAU price forecast to continue risingkeep an eye on the Fed's next moves The initial jobless claims report and S&P Global PMI data will provide further signals on the health of the US economy. Initial jobless claims for the week ending August 17 are expected to rise to 230K, up slightly from 227K last week. Services activity is expected to contract slightly, while the manufacturing PMI is expected to be flat. The first resistance level for XAU/USD to conquer is the $2,550 area, followed by the $2,600 mark. However, if gold fails to hold above $2,500, key support levels will be at $2,483 (July 17 high), followed by $2,450 (May 20 high). In a stronger bearish scenario, deeper support could be the 50-day simple moving average at $2,395.
OANDA:XAUUSD
by TrategySherpa
XAU continues to rise and hit a recordGold resumed its losses today and hovered near an all-time high after minutes from the US Federal Reserve's latest meeting showed officials were strongly inclined to cut interest rates at their September policy meeting. "Gold has the potential to move higher but not accelerate sharply without any unexpected events to spur it," Tai Wong added. "Gold prices closed higher after minutes from the Fed meeting showed 'majority' of the committee is ready to cut interest rates in September"
OANDA:XAUUSD
by NicoTradingMaster
Bears Knocked Out: Market Sentiment Shifts as Bulls Cut ProfitGuys, don't get me wrong, but it's like they knock out the bears before going down. The sentiment indicators we're looking at agree with that. In particular, yesterday, with the rise in quotes, some participants are actively draining call options in-the-money with about 15 trading days ahead. In other words, they just cut the profits and didn't wait. Take a look at this chart It shows the balance of bullish and bearish open positions among retail traders, and how it change over time. Two things are clear: 1) there's a correlation between how prices move and the number of traders who are long vs. short, and 2) there are certain levels where the balance tips and the trend reverses (basically, it's like a oscillator indicator). The red line shows your current position. You'll have to make your own decisions and observations. Use retail sentiment in your trades - it's a great tool that can help strengthen your strategy and make your trading more efficient.
Short
by ClashChartsTeam
World gold will reach 2,600 USD/ounce when the Fed cuts interestGeopolitical tensions continue to be a catalyst supporting the gold rally. In today's trading session, XAU/USD is expected to continue to maintain above the 2,500 zone and has the potential to increase further. However, investors should note that if the price closes below 2,499 on the H4 time frame, it could be a sign of a short-term correction. There is no news for gold today, the current trend is still sideways at 2482 and 2510, it can trade in this price range.
TVC:GOLD
by NicoTradingMaster
XAU increases sharply to maintain record high priceThe $2,500/ounce level of the precious metal is very difficult to maintain. Because, after reaching a new historical milestone, gold is easily sold off by investors to take profits. Not only that, at such a high price, it is difficult to attract new buyers to the market, also causing this commodity to decrease in price. The upward trend of gold is still in place and the direction of the precious metal will depend on the policy direction of the US Federal Reserve (Fed). The balance between economic growth and inflation is reduced, which will strengthen the possibility of a stronger interest rate cut. On the contrary, if he is optimistic and does not make a specific commitment, the market may have to readjust current expectations.
OANDA:XAUUSD
by NicoTradingMaster
XAU receives strong support from USDWeaker USD Supports Strong XAU Gains XAU is currently at an all-time high Although gold has since been hit by a wave of profit-taking from investors, the decline in the USD is providing positive support and halting the decline in the precious metal. Traders are now looking ahead to the annual Jackson Hole Federal Reserve meeting that begins later this week. In previous years, central bank officials have made market-moving statements at the meeting. Federal Reserve Chairman Jerome Powell is scheduled to speak at the meeting on Thursday morning.
OANDA:XAUUSD
by TrategySherpa
XAU Could Surpass All-Time HighThis gold buying trend is expected to remain unchanged in the coming period due to the impact of the current economic situation and geopolitical conflicts. At the same time, consumer prices have fallen after hitting a record high, easing pressure on the market. The focus of gold investors next week is the annual central bank conference at the Fed's Jackson Hole resort. Fed Chairman Jerome Powell will speak on Friday, expected to share the prospect of an upcoming Fed rate cut. Positive US inflation data in July has paved the way for the Fed to cut interest rates in September. The market predicts the Fed will cut by 0.25 percentage points at this meeting.
OANDA:XAUUSD
by TrategySherpa