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XAUUSD IS READY TO FLYING MUST READ THE CAPTION This chart displays an hourly analysis of Gold (XAU/USD) with a potential bullish setup. Here's a breakdown: 1. Trend and Price Channel: A rising parallel channel is drawn, suggesting a short-term uptrend. The price has respected the channel boundaries, bouncing off the lower and upper limits. 2. Key Levels: Support: Around 2,635 (stop-loss level). Resistance: Around 2,680-2,685 (target area). 3. Trade Idea: The chart indicates a buy setup: Entry: Around the current price (2,653). Stop Loss: Below the channel at 2,635, providing a buffer against downside risk. Target: 2,680-2,685, just above the channel's upper resistance. 4. Projection: The white arrows suggest a predicted price movement: A potential retracement before moving higher to the target zone (2,680-2,685). 5. Risk-Reward: The setup offers a favorable risk-reward ratio if the price continues to follow the channel's trajectory. Analysis: The chart anticipates a continuation of the uptrend as long as the price remains within the channel. If the price breaks below 2,635, it may invalidate the bullish outlook.
FOREXCOM:XAUUSDShort
by Mr_Ethan1
Gold confirm analysis read the caption Spot Gold remains lifeless below the $2,650 level on a quiet Thursday as investors gear up for an extended weekend. The batch of United States (US) macroeconomic data released on Wednesday anticipated the ongoing quietness, as all American markets are closed amid the Thanksgiving Holiday. On a positive note, the bright metal finds support in mounting expectations that the Federal Reserve (Fed) will deliver another 25 basis points (bps) interest rate cut when it meets in mid-December. At the time, according to the CME FedWatch Toll, the odds are roughly 70%
OANDA:XAUUSDLong
by Mrsam36
Gold will knock 2700 confirm read the caption There hasn’t been any catalyst this week for the rally in gold although we had a key technical breakout which might have increased the bullish momentum. The lack of bearish catalysts though is helping to keep the bid going as the market has finished to reprice the aggressive rate cuts expectations that weighed on gold in the past weeks as it contributed to lift real yields. In fact, in the bigger picture, gold remains in a bullish trend as real yields will likely continue to fall amid the Fed’s easing cycle. The pullbacks will likely be triggered by a repricing in rate cuts but unless the Fed’s reaction function changes, the uptrend should remain intact
OANDA:XAUUSDLong
by Mrsam36
This XAUUSD rally still seems to have a lot of momentum.According to the World Gold Council (WGC), the weakening USD was the main factor driving the XAUUSD higher, as the Fed's big rate cut caused the USD to decline significantly. Rising geopolitical risks with the worsening situation in the Middle East also boosted safe-haven buying. The biggest drag on XAUUSD last month was the "momentum factor". A higher XAUUSD in the previous month tends to put downward pressure on the price in the following month and vice versa. Other gold pairs also recorded strong gains.
TVC:GOLD
by NicoTradingMaster
Usdchf dropping area confirm sell read the caption week ago today, the USDCHF made a break to the upside and out of the "Red Box" that had confined the pair going back to August 20. The US jobs report was the catalyst for the move higher, but by Monday, the price fell back to the high of that "red box" and even moved within the topside edges of it. Sellers should have entered on that breach, but the momentum was very modest, and sellers turned back to buyers into Tuesday and reached session - and week - highs on late Wednesday and into Thursday's trade. Those highs reached a swing area between 0.86078 and 0.8619. The high price reached 0.86067.
by Mrsam36
USD/CHF: Navigating Demand Zones and Market SentimentLast Friday, USD/CHF dropped to a daily low of 0.8375 before rebounding in Monday’s European session, with the current price around 0.84585 as I write this article. The initial decline in the US Dollar came after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which provided less-than-positive signals. However, the dollar regained strength following encouraging results from the Final Services PMI, ISM Services PMI, and Crude Oil Inventories, all of which had a positive impact. From a technical perspective, the analysis remains consistent with last week’s outlook, where we see a potential USD rebound against CHF, as the pair continues to trade within a strong demand zone, with retail traders heavily shorting. Looking at seasonality over the past 10 years, there is a historical tendency for an increase in value for this pair around this time. However, given the pre-election period in the US and shifting economic factors, extra caution is advised during this phase. ✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
6
XAU price increased in early US sessionWorld gold prices increased, approaching the historical high of 2,531 USD/ounce (set on August 20), due to the demand for safe havens after the military conflict between Israel and Hezbollah last weekend. In addition, experts believe that the gold price increase has not ended yet, because the US Federal Reserve (Fed) is about to begin a monetary policy easing cycle. Recent moves by the Fed show that officials of the US Central Bank clearly support a policy pivot at the next meeting. The Fed Chairman emphasized that it is time to cut interest rates. This information continues to create confidence for investors as the direction of gold prices becomes clearer.
OANDA:XAUUSD
by TrategySherpa
XAU continues to increase in the coming timeGold Just Overtakes EUR to Become World's Second-Largest Reserve Asset Fed Prepares to Cut Rates. Meanwhile, gold has risen to become the world's second-largest reserve asset, surpassing EUR, thanks to strong demand from central banks. Investors Surprised by Dovish Speech at Jackson Hole. Stocks reacted positively to Powell's speech, hitting near record highs. However, traders were still surprised by Powell's speech, which went beyond what they expected. The Fed is likely to cut rates by 25 bps in September, and could even cut by 50 bps, depending on how the August jobs report goes. More importantly, the transition from fiscal stimulus to monetary stimulus has sent bond yields plunging, down 80 bps since Hartnett started recommending bond buying in May.
OANDA:XAUUSD
by TrategySherpa
World gold spot price stands around 2,363World gold prices almost went sideways, due to investors' profit-taking mentality after the precious metal saw a sudden increase in the previous session. According 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 loosen monetary policy. After the economic and employment data were released, many experts said that the possibility that the Fed would start cutting interest rates in September increased from 65% to 68%. In addition, the market also expects another interest rate cut by the Fed in December. Currently, investors wait for the minutes of the US Central Bank's latest policy meeting and the non-farm payroll report to know more about interest rate cuts.
OANDA:XAUUSDShort
by TrategySherpa
XAU rebounded after moving sidewaysMany analysts believe that the gold market is in a calm period and may fluctuate again at least until the end of this week. The increase in buying by investors at the beginning of the session is the expectation that the price will increase after the precious metal is in a low price range. The current monetary policy stance of the US Federal Reserve (Fed) could trigger another sell-off in the market. As long as the Fed loosens monetary policy, it will put pressure on the USD and push up gold prices.
OANDA:XAUUSD
by TrategySherpa
The US Federal Reserve (Fed) decided to keep interest rates unchThe US Federal Reserve (Fed) decided to keep interest rates unchanged The Fed's main message is that inflation remains high and a tightening policy stance needs to be maintained for a while longer. This means that the USD is still at a high level, reducing excitement in the gold market. Markets will shift their focus to Europe this week as the Swiss National Bank and the Bank of England will both announce their monetary policy decisions on Thursday morning. The market will also get the Empire State manufacturing index on Monday and retail sales for May on Tuesday. Then Thursday brings housing starts and building permits for May, as well as weekly jobless claims and the Philly Fed manufacturing index. The week's data ended with existing home sales Friday morning.
OANDA:XAUUSDLong
by TrategySherpa