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AUD/USD on a 15-minute timeframeThe blue highlighted area around the 0.67253-0.67288 level represents a strong support zone. The price has tested this area multiple times and shown a tendency to bounce back from it. The current price is around 0.67288-0.67276, which is near the support zone. The resistance level is marked around 0.67547, indicating a potential target for the bullish move. The projection indicates a potential bullish move from the support zone up to the resistance level around 0.67547. This suggests an expectation of a price increase after possibly forming a base around the support. Consider entering a long position around the current price level (0.67288) or slightly lower, closer to the support zone (0.67253). Ensure proper risk management by setting stop losses and monitoring key levels for any invalidation of the bullish scenario.
Long
by TopGBanks
1
XAU is in a period of sky-high pricesDirector of Investment Strategy at abrdn, said that Fed Chairman Jerome Powell's testimony before Congress last week appeared to be the turning point that the market has been waiting for for a long time. During a two-day hearing on Capitol Hill, Fed Chairman Jerome Powell told Congress that risks to the economy now hang in the balance. "Rising inflation is not the only risk we face," Mr. Powell emphasized in prepared remarks. Immediately after these comments, gold prices held the $2,400 support level and even surpassed the peak of the two-month accumulation period. The August gold futures contract set a new record at a price of 2,470.20 USD/oz. This breakthrough took place in the context that the market was almost completely confident that the Fed would reduce interest rates in September.
OANDA:XAUUSDShort
by TrategySherpa
The Fed shifted its focus away from inflationThere are many other credit products on the market that now have higher interest rates than before. All of this shows that the strength of the economy is declining. Even a little stress in the labor market can cause serious problems. The Fed still has a chance to avoid a recession, which is why gold has so much potential. There are a lot of risks and the Fed is running a little late, but they're not irreparable," he said. "This is why a rate cut in September is almost certain. Because the Fed is lagging behind, they will have to take stronger and quicker measures to keep up with the situation Looking at the last three interest rate cycles, gold rose 57% in 2000, but silver rose 65%. Similarly, in 2006, gold increased by 235% while silver increased by 318%. And most recently, at the end of 2018, gold increased by 69% while silver increased by 101%. Silver is more volatile than gold
TVC:GOLD
by TrategySherpa
GOLD : Gold is increasing fearfullyIn an interview with Kitco News, Robert Minter, Chief Investment Strategist at abrdn, said that Fed Chairman Jerome Powell's testimony before Congress last week appears to be the turning point the market has been waiting for. long time ago. During a two-day hearing on Capitol Hill, Fed Chairman Jerome Powell told Congress that risks to the economy now hang in the balance. "Rising inflation is not the only risk we face," Mr. Powell emphasized in prepared remarks. Immediately after these comments, gold prices held the $2,400 support level and even surpassed the peak of the two-month accumulation period. The August gold futures contract set a new record at a price of 2,470.20 USD/oz. This breakthrough took place in the context that the market was almost completely confident that the Fed would reduce interest rates in September. Mr. Robert Minter, Director of Investment Strategy at abrdn, said he was not surprised by Powell and the Fed shifting their focus away from inflation. He noted that rising consumer debt in a high interest rate environment could pose significant risks to the economy.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold is heading towards new heightsThe daily chart shows that gold still has room to expand its upward momentum. XAU/USD is trading significantly above all SMAs, which are steeply sloping up. At the same time, technical indicators are also increasing rapidly, moving deeper into the overbought zone but showing no signs of slowing down. Based on the H4 frame, gold is in the overbought zone in the short term, but the possibility of a downward adjustment is still unclear. The 20 SMA is strongly sloping up, providing dynamic support around $2,420. The two SMA lines 100 and 200 are also following and pointing up. Finally, the Momentum indicator maintained an uptrend at a high level, but the RSI indicator entered the overbought zone and showed signs of slowing down. Therefore, gold may be under some short-term profit-taking pressure before contemplating the next increase. Potential support levels are $2,448, 2,435, and $2,422, respectively. Conversely, the next resistance levels to watch out for are $2,480 and $2,500.
OANDA:XAUUSD
by SantaTradeGold
At this point, a rate cut in September looks very likely.A range of critical financial reviews can be launched via way of means of americaA this week. Experts expect that the gold marketplace will now no longer alternate an awful lot after those reviews. However, the fashion of gold continues to be at the upward push because of expectancies that americaA Federal Reserve (Fed) will loosen economic coverage whilst the June customer charge index file is published. FxPro senior marketplace analyst Alex Kuptsikevich stated that the reality that gold nonetheless continues the $2,400/ounce mark is a superb sign. He stated that presently the indicators displaying the opportunity of hobby charge cuts via way of means of the Fed have become clearer. In any other analysis, gold is likewise expected to boom sharply via way of means of experts. Accordingly, worries approximately instability earlier than and after elections in many nations round the arena will guide the upward push of gold, pushing valuable metallic expenses to new records.
TVC:GOLD
by TrategySherpa
The world XAU trading price is sky-highA number of important economic reports will be released by the US this week. Experts predict that the gold market will not change much after these reports. However, the trend of gold is still on the rise due to expectations that the US Federal Reserve (Fed) will loosen monetary policy when the June consumer price index report is published. FxPro senior market analyst Alex Kuptsikevich said that the fact that gold still maintains the $2,400/ounce mark is a good sign. He said that currently the signals showing the possibility of interest rate cuts by the Fed are becoming clearer. In another analysis, gold is also predicted to increase sharply by experts. Accordingly, concerns about instability before and after elections in many countries around the world will support the rise of gold, pushing precious metal prices to new records.
OANDA:XAUUSDShort
by TrategySherpa
XAUUSD : Gold will find its old peak within the weekWorld gold moved sideways around 2,427 USD/ounce in the early trading session this morning, a number of important economic reports will be announced by the US this week. However, experts predict that the gold market will not change much after these reports. FxPro senior market analyst Alex Kuptsikevich said that the fact that XAU/USD remains firmly above the 2,400 USD/ounce mark is a good sign. Expectations that the Fed will soon cut interest rates are increasing, which underpins the price of gold - a non-yielding asset.
OANDA:XAUUSD
by SantaTradeGold
SUGAR/USD Short, GBP/NZD Short, USD/CAD Neutral & GBP/AUD ShortSUGAR/USD 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. GBP/NZD Short Minimum entry requirements: • 1H impulse down below 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. USD/CAD Neutral Minimum entry requirements: • Tap into area of value. • 1H impulse down below 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. • 1H impulse up above area of value. • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it, or reduced risk entry on the break of it. GBP/AUD Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it.
by StewySongs
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
XAUUSD : Gold increased sharply at the end of the year?Although the PPI index last week somewhat restrained the excitement, gold was still able to hold the important support level of 2,400 USD/ounce. Coming into the new week, world gold prices were under pressure from investors to take profits at the beginning of this morning's session when ECB officials announced that the central bank could cut operating interest rates again in the end. 2024. It is likely that many ECBs will not be able to lower interest rates at this week's meeting on July 18, but possibly in September. This may have led to an increase in expectations for a similar move with the FOMC and opening shows a clearer trend of interest rate cuts. Carsten Fritsch, commodity analyst at Commerzbank, expects that gold will find its historic peak again this week when the gap is only about 40 USD/ounce. Because after recent developments, from both data and Mr. Powell's statements, the possibility of cutting interest rates in September is higher than ever. However, many experts say that investors should also be cautious because Q2 economic information is about to be announced in the US and Europe from now until the end of July. If the economic data is positive, gold can will likely be under pressure to make room for other risky assets, typically stocks.
OANDA:XAUUSD
by SantaTradeGold
GOLD XAUUSD Next possible movemets #XAUUSD ( Update..! ) The pair is currently running in a confused situation. According to that I can expect two scenarios. The most possible scenarios are most possible. Sell now : Reason ❔ Broker the low time frame 5M descending channel Broker the low time frame 15M descending channel 15M Structure break successfully 5M resistance break successfully Buy now : Reason ❔ Running bullish trend in 1H timeframe Making reasonable Fvg with huge range Rebound from 1H trendline Rebound from 1H support zone My recommendation is just waiting for the local bearish or bullish confirmation to enter the market. This is a very dangerous situation. Be careful guys.
PEPPERSTONE:XAUUSD
by chamitha45
XAUUSD H1 - Long Signal $2000/ozXAUUSD H1 Here is a potential outlook for XAUUSD going forward, we have sold off since market opened, the opposite move I would have expected. However, we haven't really seen an influx of relevant trading volume yet, I would expect to see this during LON partially, but most likely the US open, both FX markets and subsequent US stock markets. $2400/oz is in the crosshairs for obvious reasons, we have traded from this price previously (with the exception of the PPI dump). Targets would be $2425/oz before potentially breaking higher. XAUUSD is undoubtedly up-trending. Lets see if this weekends headlines can add fuel to the fire.
FX:XAUUSDLong
by Trade_Simple_FX
Will gold decrease or increase when US politics is tense?The assassination not only increased Mr. Trump's chances of victory but also increased the Republican Party's chances of a sweep. If Republicans gain control of the White House and both houses of Congress, they could enact tax cuts that would increase the budget deficit. That's how things work. When one party takes control, it's either Republicans cutting taxes or Democrats spending more. Both cases resulted in higher deficits, while a divided Congress barely passed anything. When the budget deficit increases, bonds will be sold off due to concerns about increased supply and accelerating inflation. The Fed will therefore have to maintain interest rates at higher levels for longer. How does this affect the market? Higher yields from US government bonds will make gold less attractive. Stock investors love low interest rates, and higher interest rates can make the market less attractive. The biggest beneficiary is probably the USD. The USD benefits from both higher yields and a safe-haven environment. Political violence is bad news, and in tough times, the world's reserve currency is the winner. Overall, the assassination of former President Donald Trump could cause gold and stocks to decline, while boosting the USD. Polls and ongoing information will determine how long this story lasts and how it impacts the markets.
TVC:GOLD
by SantaTradeGold