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Gold big sell coming trade now read the caption Tuesday’s US JOLTs Job Openings data indicated a stronger-than-expected labor market after rising to 7.744 million in the reported period. Data surpassed the expected 7.48M increase. The upbeat labor data from the US briefly lifted the US Dollar (USD) across the board, capping the Gold price rebound near $2,655. However, Gold buyers retained control as the Greenback failed to sustain the uptick. The data failed to alter the market’s expectations of a 25 basis points (bps) interest rate cut by the Fed later this month. Markets are currently pricing at a 73% probability of a Dec Fed rate reduction, the CME Group’s FedWatch Tool shows, more or less the same as a day ago
OANDA:XAUUSDShort
by Mrsam36
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685. The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election. Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
OANDA:XAUUSDLong
by Mrsam36
2
Gold will above 2687 2695 read the caption price came just ticks ahead of new record high ($2685) during European trading on Wednesday, in fresh extension of bull-leg from $2602 higher low of Oct 10 and the bottom of corrective phase from $2685. The metal remains strongly supported by growing prospects for global monetary policy easing, geopolitical tensions and uncertainty surrounding nearing US election. Although the Fed officials are divided on the number of rate cuts until the end of the year, the central bank remains on track for more policy easing
OANDA:XAUUSDLong
by Mrsam36
Gold fell sharply after no news from the fedThe positive economic data recently released has caused investors to take profits on gold, shifting their investments to profitable assets such as stocks. Investors are also selling gold because today, the Federal Open Market Committee (FOMC) will release the minutes of last month's meeting. The employment report and positive economic data, investors expect the report will also have a positive assessment of the economy, as well as the interest rate policy may remain unchanged so that the Federal Reserve can maintain the conditions to bring inflation to the target of 2%.
TVC:GOLD
by NicoTradingMaster
XAU stands firm in the face of world politicsWorld gold prices are under great pressure in the context of the unstable world political situation. Domestically, the price of gold rings has increased sharply compared to gold bars - experts recommend that investors should be cautious when buying if the goal is to invest for profit, because the risk is high. World gold prices are under pressure to decrease due to profit-taking activities and the USD has increased quite strongly again. Gold prices also decreased because investors were cautious before the US economy announced important figures. These figures are believed to be able to provide clues about the scale of the interest rate cut by the US Federal Reserve (Fed) expected to take place at the end of the year. In addition, the USD's increase has also pulled money back to the greenback.
OANDA:XAUUSD
by NicoTradingMaster
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
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
XAUUSD BUY STRONG BUY NOW MORE SELL TODAY BUY BUY GOLD CONTINUE Gold probed above for the second time, inflated by increased safe haven demand following Israel’s attack on Iran early Friday Although the spike above the metal’s price reached was so far short lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand Technical picture is firmly bullish as indicators are in bullish setup and recent dips were contained by rising XAUUSD BUY NOW_2380_2375 TP_2390 TP_2400 TP_2450 Sl_2368
TVC:GOLDLong
by Gold_Master97