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XAUUSD : Gold is looking for a direction to create a new peakAfter a sharp decline, gold prices today increased again, fluctuating around 2,369 USD/oz when the Fed Chairman did not comment on reducing interest rates, and global investment funds increased the amount of gold held. Fed Chairman Jerome Powell told a Senate committee that the economy remains strong. However, he did not make any comments about cutting interest rates, increasing expectations that the Fed will reduce interest rates in September. Accordingly, the USD's upward momentum slowed down, benefiting gold prices today. .
OANDA:XAUUSD
by SantaTradeGold
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
NZD/CAD Long, GBP/CAD Short and USD/CHF ShortNZD/CAD Long Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
by StewySongs
3
GOLD : Gold is increasingly unpredictableXAU/USD has been on the rise since late June, reaching a peak of $2,390 on Friday, representing a 4% gain. This is mainly due to the USD falling by 1%, as gold prices are often more volatile than the USD. Weak jobs data pushed gold prices up on Friday, weakening the dollar and bringing the timing of an interest rate cut closer. However, it is worth noting that gold decreased by 0.8% immediately after the release of the report. The market's subsequent reaction was of the "good for evil" variety: labor market weakness increased expectations of an early interest rate cut, which boosted risk appetite. However, this is a very difficult trend to sustain, because not all negative factors in the macroeconomy reduce inflation. On the contrary, we see wage growth (4.1% over the same period last year) is still higher than inflation (3.3%). At the same time, hiring figures from previous months were revised downward, and the unemployment rate reached a 31-month high. However, it is likely that gold prices will continue to be under pressure. The 50-day MA at $2,340 is considered the first signal mark. If this zone is broken without resistance from buyers, XAU/USD could quickly retreat to the $2,300 zone, a key level to determine the trend in the coming months. A drop below this level would be considered a break in the uptrend since October, when the Fed first signaled its readiness to cut interest rates.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold is rotating above the old peakWorld gold is fluctuating around 2,363 USD/oz. World gold prices "evaporated" in the context of technology stocks in the US rising sharply. Accordingly, investors focus their capital on stocks, causing cash flow into this precious metal to be limited, causing a disadvantage for gold prices today. On the other hand, 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.
OANDA:XAUUSD
by SantaTradeGold
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
XAU fell as investors took profitstraders price a more than 72% chance the Fed will cut interest rates by 25 basis points in September, up from 59% last week. Traders are also pricing in the growing possibility of a second interest rate cut in December. Key US data points for the week include Fed Chairman Powell's speech to the US Congress on Tuesday and Wednesday. Consumer price index; producer prices on Thursday and Friday - will likely influence the central bank's interest rate outlook. Elsewhere, in weekend news, a coalition of left-wing parties in France, known as the New Popular Front, won the most seats in the National Assembly election, according to initial predictions.
OANDA:XAUUSDShort
by TrategySherpa
XAUUSD : Gold will return to its old peak within the weekWorld gold is fluctuating around 2,395 USD/oz. The world gold market will likely be more exciting this week after escaping the gloom for a long time. The price of this precious metal is expected to be affected by Fed Chairman Jerome Powell's statement at his testimony before Congress, growth data for June, weekly unemployment claims, index reports US producer prices and preliminary survey results on consumer sentiment by the University of Michigan. Currently, optimism is covering the gold market, as recent data shows cracks in the US economy, the US labor market is increasingly weakening and inflation is decreasing. All the data reinforces the possibility that the Fed will soon introduce monetary policy easing and lower interest rates, which should support the price of the precious metal gold.
OANDA:XAUUSD
by SantaTradeGold
GOLD : Gold will be strong and have new peaksGold prices have soared this year - hitting a record in May - due to central bank purchases, while policymakers in countries including India, China and Singapore is looking to diversify its reserves. The precious metal is also supported by geopolitical tensions and bets that the US Federal Reserve will start cutting interest rates as inflation cools. Christopher Wong, strategist at Oversea-Chinese Banking, said "the possibility of gold prices falling should not be ruled out" following the PBOC data. "But it is not unusual for China to temporarily stop buying gold, because gold prices have increased quite sharply." According to data released on Sunday, the amount of gold bullion held by the PBOC was unchanged at 72.8 million troy ounces at the end of last month. The PBOC decided not to add to reserves in May, ending an 18-month net purchase. According to Krishan Gopaul, an analyst at the World Gold Council (WGC), the Reserve Bank of India added more than 9 tons of gold in June, based on weekly data. This is the highest figure since July 2022 and it shows that India's gold reserves have increased by 37 tonnes to 841 tonnes this year. Gold prices fell 0.3% to 2,385.55 USD/ounce at 10:40 a.m. in Singapore. The DXY index remained unchanged. Silver prices held above $31 an ounce after rising more than 7% last week, while palladium and platinum fell. According to Charu Chanana, a strategist at Saxo Capital Markets in Singapore, it is possible that rising gold prices have prevented the PBOC from buying. However, she said gold could still rally further amid growing expectations of the Fed's monetary easing policy this year, as well as ongoing geopolitical risks.
TVC:GOLD
by SantaTradeGold
World gold increased sharply after many fluctuationsThe world gold market will likely be more exciting this week after escaping the gloom for a long time. The price of this precious metal is expected to be affected by the Fed Chairman's statement Optimism is covering the gold market, as recent data shows cracks in the US economy, a weakening US labor market and falling inflation. All the data reinforces the possibility that the Fed will soon introduce monetary policy easing and lower interest rates, which should support the price of the precious metal gold. Gold price on Kitco closed the trading week at 2,388 USD/ounce. Gold futures price in August traded at 2,399 USD/ounce. Kitco News's latest weekly gold survey shows that almost all experts and retailers have a positive outlook for gold prices this week.
TVC:GOLD
by TrategySherpa
2,285-2,448 created firmer support and resistance levels.Gold prices are expected to increase because interest rates will lower and the USD will weaken. Gold prices are testing levels above 2,400 USD/ounce. Indicators show that gold prices have an upward trend. Gold prices are expected to continue to increase in the near future. Gold price for August delivery is approaching 2,400 USD/ounce. World gold price opened at the beginning of the week at 2,326.72 USD/ounce, maintaining within the range of 15 USD on Monday and Tuesday sessions. On Wednesday, a series of economic data announced, world gold price increased to 2,363.77 The US Federal Reserve (Fed) is still the focus of attention. Fed Chairman Jerome Powell testified with the Senate Banking Committee and the House Financial Services Committee. The market will also pay close attention to the US CPI in June, weekly unemployment claims, and the University of Michigan's preliminary survey of consumer sentiment.
OANDA:XAUUSD
by TrategySherpa
AUD/JPY Short and GBP/AUD LongAUD/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/AUD Long Minimum entry requirements: • Break below area of value. • 1H impulse up above area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
XAUUSD:Gold will continue to climb to the top in the near futureAccording 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 begin a cycle of lowering interest rates. According to Bloomberg, excessive spending by the US government and increasing geopolitical instability have prompted large investors to buy gold to hedge against public debt risks. Mr. Johanna Kyrklund, chief information officer of Schroders Group, said that the market today faces many risks related to geopolitics and inflation, supporting gold - a safe haven asset.
OANDA:XAUUSD
by SantaTradeGold
AUD/JPY Short, GBP/NZD Short and AUD/USD ShortAUD/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
XAUUSD : Gold trades around $2,350 to $2,365In this morning's trading session, world gold prices rose to their highest level in nearly two weeks around 2,360 USD/ounce. Due to rising expectations that the Federal Reserve will cut interest rates in September, after recent US data showed a weakening labor market. Ricardo Evangelista, senior analyst at ActivTrades, said: "Today's rise in gold prices is related to the weakening of the USD after Fed Chairman Jerome Powell admitted in public that inflation in the US is finally starting to move in the right direction."
OANDA:XAUUSD
by SantaTradeGold
AUDUSDAUDUSD is in a correction phase. technical analysis It is expected that the price will have a chance to increase. The price is currently near the 0.66780 resistance zone. If the price fails to break through, There may be a chance that the price will come back to test the 0.66364 support zone again and if the price can stand above the 0.66364 level, it is expected that there is a chance that the price will rebound. Consider buying the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Long
by Serana2324
3
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