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Fed enters interest rate cutting cycleGold is taken into consideration a beneficiary whilst the United States Federal Reserve (Fed) enters a cycle of hobby charge cuts, which might also additionally begin from September 17-18. Lower hobby prices will motive the USD to depreciate in opposition to a basket of different predominant currencies. Gold will then boom in price. Many forecasts say that gold will reach $2,600/ounce, or even $2,seven hundred with the aid of using the give up of this 12 months or early 2025. In a latest forecast, Goldman Sachs stated that spot gold fees will reach $2,seven hundred/ounce (VND82.2 million/tael) with the aid of using early 2025. The modern unstable surroundings is stated to be a element to be able to push gold up, despite the fact that this commodity has set new information dozens of instances due to the fact that the start of 2024.
OANDA:XAUUSD
by TrategySherpa
short term gold volatility forecastA major US bank, believes that gold is currently a safe investment asset against inflation. They predict that by early 2025, the price of gold could increase to $2,700/ounce, equivalent to VND82 million/tael. Central banks' gold purchases have tripled since mid-2022 due to concerns about US financial sanctions. The upcoming interest rate cut by the US Federal Reserve (Fed) could bring capital from the West back to the gold market, supporting higher gold prices. Geopolitical issues and US public debt also contributed to the increase in gold prices.
TVC:GOLD
by NicoTradingMaster
Short Term XAU Trading StrategyGold stays strong with the principle uptrend withinside the quick, medium and lengthy time period. After receiving help from the principle confluence referred to with the aid of using readers withinside the preceding problem on the 0.618% Fibonacci extension, EMA21 and the decrease fringe of the rate channel, the rate has expanded to attain the restoration goal degree. The preliminary rate factor is $2,500. Looking ahead, if gold can damage above the bottom rate of $2,500 and surpass the 0.786% Fibonacci extension, the rate will qualify for the weekly upside goal of $2,531 withinside the quick time period and then $2,544. For the day, the bullish outlook for gold stays unchanged at a wonderful degree and could be indexed for readers as follows. Support: 2,484-2,471 USD Resistance: 2,500 - 2,503 - 2,531 USD
OANDA:XAUUSD
by NicoTradingMaster
Short Term XAU Trading StrategyEarlier, gold fell sharply to hit a more than one-week low, pressured by a rebound in the dollar, while investors awaited US non-farm payrolls data to determine the size of the cuts at the US Federal Reserve's September policy meeting. The dollar hovered near a two-week high, making gold more expensive for holders of other currencies. The market is pricing in a 63% chance of a 25 basis point cut at the Fed's next policy meeting scheduled for September 17-18, according to the CME FedWatch tool.
OANDA:XAUUSD
by TrategySherpa
Expectations that the US Federal Reserve (Fed) will sharply cut US inflation is on the decline, leading observers to expect the US Federal Reserve (Fed) to cut interest rates sharply for the rest of the year. In fact, US inflation remains at 2.9%, far from the Fed's target of 2%. If interest rates are cut too sharply, the monetary easing policy could cause inflation to return quickly. Therefore, as soon as there is a positive signal for the US economy, investors immediately consider the possibility of the Fed delaying the interest rate cut. The USD has a chance to recover.
OANDA:XAUUSD
by NicoTradingMaster
GBP USD Trade Setup 1 hour timeframe.Following the head and shoulder pattern formed on GBP USD last week the price has been pushing down as DXY continues bullish.. As we all know the market dose not move in a straight line up trend makes higher highs and higher lows, down trend makes lower lows and lower highs. On the 1 hour timeframe GBP USD has broken a structure level to the downside, before we can sell we need to see a pullback of the next candlestick retesting the lower low level. ⏰
Short
by OfficialUBKFX
XAU market awaits US CPI newsXAU Markets Await US CPI News The DXY Index rose 0.3%, reducing the appeal of holding the precious metal. The market is pricing in a 67% chance of a 25bps rate cut by the Fed and a 33% chance of a 50bps rate cut Fed Chairman Jerome Powell last week backed the start of rate cuts next month, while expressing confidence that inflation could hit its 2% target. A report on Tuesday showed that while US consumer confidence rose to a six-month high in August, Americans were also growing more concerned about the labor market.
OANDA:XAUUSD
by TrategySherpa
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 slightly decreased in this afternoon trading sessionGold expenses had been little modified this morning, the USD weakened and buyers more and more more consider that americaA Federal Reserve (Fed) might also additionally reduce hobby prices in September. "The essential driving force of the upward thrust in gold expenses has been economic funding demand, particularly as ETF shopping for has stepped forward and universal sentiment has stepped forward on expectancies of a Fed easing cycle beginning in September." holdings of the world`s biggest gold-sponsored exchange-traded fund, rose to a seven-month excessive of 859 tonnes on August 19.
OANDA:XAUUSD
by TrategySherpa
3
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