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Gold Prices Edge Up on PPI Data, Interest Rate DecisionGold prices edged up in the US session, reacting to the latest PPI inflation data. The US Labor Department said the PPI rose 0.2% in August, beating expectations for a 0.1% increase. The core PPI also rose 0.3%, but annual wholesale inflation came in at 1.7%, below the 1.8% forecast. The move reflects concerns about inflation and expectations that the Fed will be more flexible in monetary policy, especially after the ECB cut interest rates, contributing to the appeal of gold as a safe-haven investment. Gold prices closed at $2,534.60 an ounce, up $24.10. Gold is in a strong recovery phase after hitting a low of $2,486.019. The bounce from the 0.618 Fibonacci level of gold shows a strong bullish trend, and this level is being viewed by the market as key support. After breaking above the 0.618 level, gold is now looking towards the 1.618 Fibonacci level ($2,543.422). A successful break above this level could lead to further upside towards the 1.618 Fibonacci level at $2,578.897, which would strengthen the case for a stronger uptrend. The immediate resistance to watch is at $2,578.897, an area that has seen resistance in the past. If the price fails to break above this level, a correction or trend reversal could occur. In the event of a correction, the next important support level to watch is at $2,486.019, where the price has reacted strongly in the past and could continue to be a strong bounce point for the price.
OANDA:XAUUSD
by Naoomi
1
Rate Cut Expectations Push Gold to New HighsGold prices have hit new highs after the Fed cut interest rates, weakening the dollar and reducing US Treasury yields. The gold market is awaiting more information from the Fed, especially Chairman Jerome Powell's speech and PCE price index data. Technical analysis shows that gold is at a key resistance level, supported by the 34-EMA and 89-EMA. Gold could continue to rise if monetary policies are further loosened. If the current resistance is broken, the next target is $2,700/ounce.
OANDA:XAUUSD
by Naoomi
Gold Trend Continues to Rise Amid Volatile MarketsAmidst volatility in global markets due to new monetary policies, gold prices continue to show strong bullish momentum. Currently, gold is trading at $2,627.36, surpassing both the 34-EMA and 89-EMA moving averages, indicating a solid uptrend. According to technical analysis using Bollinger Bands, gold prices have broken above the upper band, indicating that the market may be in the preparation phase for a new rally. The middle line of the Bollinger Bands, which is currently acting as a support level at around $2,605.98, could further consolidate the bullish momentum if prices continue to hold at this level or higher. Investors should keep a close eye on the next resistance levels, especially the $2,660 level, where selling pressure may emerge. A pullback could be an opportunity to buy, with the stop loss not further than the support at $2,560.96 to preserve profits in case the market reverses.
OANDA:XAUUSD
by Naoomi
Is gold reaching 2700 possible?After americaA Federal Reserve (Fed) decreased primary hobby costs for the primary time seeing that 2020, international gold costs constantly set new records. Good advantages for gold, this tool does now no longer pay constant hobby. This morning, every ounce of gold for instant transport accelerated to 2,630 USD Forecasts from the international`s main banks all percentage a membership angle on valuable metals. Accordingly, 2700 USD could be accomplished this 12 months or early subsequent 12 months. In particular, the primary using pressure for the boom in valuable metals is the Fed's hobby fee cuts, plus assisting elements consisting of geopolitical instability and gold shopping energy from significant banks. 💎GOLD Sell Scalp 2625 - 2627💎 ✔️TP1: 2620 ✔️TP2: 2610 ✔️TP3: OPEN 🚫SL: 2635
CAPITALCOM:GOLDShort
by FalCol_TradingMaster
Gold hits all-time high every day?Gold touched a file excessive in advance of US facts that`s predicted to offer clues on whether or not the Federal Reserve`s 50-basis-factor fee discount ultimate week could be the primary in a chain of competitive cuts. Bullion rose as a lot as 0.2% to hit $2,625.89 an ounce, beating the preceding all-time excessive published Friday. Traders are weighing the outlook for charges in advance of a batch of essential financial facts — which include the United States private intake prices gauge and jobless claims — due later withinside the week. Fed Governor Christopher Waller stated on Friday he`d possibly returned quarter-factor cuts at every of the following critical financial institution coverage conferences in November and December, need to the financial system evolve as he expects. Still, he stated any other half-percentage-factor reduce may want to eventuate if the process marketplace weakens. Gold investors have been additionally tracking escalating tensions withinside the Middle East, on worries combating among Hezbollah and Israel may want to expand into a much wider nearby conflict. That could possibly bolster the metal`s haven status. 💎 OANDA:XAUUSD Buy 2559 - 2561💎 ✔️TP1: 2570 ✔️TP2: 2590 ✔️TP3: OPEN 🚫SL: 2550 ➖➖➖➖➖➖➖➖ 💎 OANDA:XAUUSD Sell 2630 - 2632💎 ✔️TP1: 2620 ✔️TP2: 2610 ✔️TP3: OPEN 🚫SL: 2640
OANDA:XAUUSD
by FalCol_TradingMaster
Gold Sweeps New Highs After Fed Rate CutThe 4-hour chart for gold (XAU/USD) is currently showing a clear uptrend, with the price hitting a recent high of $2,625.445 per ounce before showing signs of a slight pullback. Notably, gold has broken above both the 34-day exponential moving average (EMA) and the 89-day EMA, indicating the strength of the uptrend. The recent price increase can be linked to the latest decision by the US Federal Reserve to cut interest rates by 0.5%, a move that is intended to stimulate the economy but has boosted safe-haven assets like gold. The market is reacting positively to the changes in monetary policy, and gold, as a safe-haven option, is expected to continue to rise in price amid the current uncertainty. For traders, the next resistance level to watch would be around $2,630. If gold breaks above this level, it could look for higher profit targets (TP) at $2,650 and possibly as high as $2,700, depending on market momentum and upcoming economic data. A stop loss (SL) is recommended at $2,580 to protect profits and minimize risk in case of a sudden price correction in the market.
OANDA:XAUUSD
by Naoomi
Stable Weekend Session: Gold Set for Breakout Next Week?The current chart shows gold trading near key resistance with a steady uptrend. The market closed the weekend session without much sudden movement, reflecting stability following the Fed’s 50bp rate cut. This stability could extend into early next week, as the market continues to assess the long-term impact of monetary policy measures and macroeconomic developments. With the current price near $2,589, gold could test the resistance at $2,599 and, if successful, could continue to rise. Pay attention to the early trading session next week, if gold maintains its strong growth momentum and there are no negative signals from the market, the next target could be $2,650.
OANDA:XAUUSD
by Naoomi
Gold price approaches $3000The US Federal Reserve (Fed) recently decided to loosen monetary policy after 4 years, by reducing interest rates by 50 basis points (0.5%), to 4.75-5%. This agency emphasized that it is "always ready to adjust monetary policy if risks arise". Fed officials forecast the reference interest rate to decrease by another 0.5% by the end of this year and 1% next year. In 2026, they will reduce the interest rate by another 0.5% to 2.75-3%. However, gold quickly fell, now at $2,556/ounce, just about the same as today. The gap between domestic and international gold prices is about VND5.4 million/tael. Currently, investors are waiting for comments from Chairman Jerome Powell for more information on the main presentation. Robert Minter, chief investment strategist at Abrdn, said that in this new holiday, it is only a matter of time before gold surpasses $3,000/ounce .
TVC:GOLDShort
by FalCol_TradingMaster
Gold prices increase sharply when economic instability occursIn light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective Gold prices rose sharply during this period, rising from about $350 an ounce in early 2003 to more than $700 an ounce by mid-2006, an increase of about 100% in just over three years. The positive performance during this time could be a combination of many factors. Rising inflation has created demand for gold as a complete hedge, and because the pace is only increasing gradually, the opportunity cost of holding gold remains relatively low. As of early September, the Fed is warning of the possibility of cutting interest rates while still reaching standard levels. This environment could be beneficial for gold, similar to the 2003-2006 period.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Investors are worried that the Fed only reduced it by 25 pointsWorld gold charges became down with spot gold down thirteen USD to 2,570 USD/ounce. Gold futures closing traded at $2,596.30 an oz, down $12.60 from the brilliant spot. Pressured with the aid of using a rebound withinside the greenback and a moderate upward thrust in Treasury bonds, the yellow metallic misplaced 0.5% after conquering an all-time excessive of $2,589.50 an oz early withinside the day. week. Currently, buyers are nevertheless awaiting facts on whether or not the United States Federal Reserve (Fed) could have a coverage pivot at this assembly as expected. After a chain of membership facts, monetary markets are forecasting a more potent Fed in its first hobby price reduce for the reason that 2020. According to the CME FedWatch tool, the marketplace is already assured withinside the opportunity of a tapping fundamental foreign money with a 63% mission discount might be 50 foundation points. 💎 OANDA:XAUUSD Buy 2558 - 2556💎 ✔️TP1: 2570 ✔️TP2: 2580 ✔️TP3: OPEN 🚫SL: 2548 💎 OANDA:XAUUSD Sell 2585 - 2587💎 ✔️TP1: 2570 ✔️TP2: 2560 ✔️TP3: OPEN 🚫SL: 2595
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold Prices Rise Amid Selling Pressure and US Retail Sales DataThe current gold price chart shows strong support at the 34 EMA and 89 EMA, both of which are converging to form a key support area. This, combined with better-than-expected US retail sales data, suggests that the US economy is gaining some strength, which could support the dollar. However, weaker-than-expected retail sales could prompt the Fed to cut rates more aggressively later in the year. This creates a favorable environment for gold, as investment in gold tends to increase in low-interest rates. The gold market could react positively if the Fed cuts rates next week, easing selling pressure and potentially supporting gold prices to rise again.
OANDA:XAUUSD
by Naoomi
Gold Hits New Record: Will the Fed Break Rates?Gold has now surpassed its previous record high of $2,570 an ounce, supported by strong expectations of a Fed rate cut. However, higher-than-expected US consumer price data has reduced the likelihood of a 50 basis point rate cut this month, although the market still expects a 100 basis point cut by the end of the year. Gold is considered a “safe haven” amid the current uncertainty, and if the Fed does cut rates as expected, gold prices could continue to rise.
OANDA:XAUUSD
by Naoomi
It's all about the FedWorld gold price trades weekly at 2,577 USD/ounce. Gold futures price in December 2024 is trading at 2,606 USD/ounce. The US Federal Reserve's (Fed) interest rate decision will be the main focus of the market this week. Fed Chairman Jerome Powell's speech at the Jackson Hole Conference at the end of August confirmed that the Fed will make a decision on interest rates at its next meeting on September 18. The US Central Bank kept the main lending interest rate unchanged at the highest level in two decades, from 5.25-5.5% over the past 14 months. Major commentators, the labor market is hot and the US economy continues to grow, policymakers have determined it is time to cut interest rates. The market is pricing 55% interest rates in the US will decrease by 25 basis points and 45% interest rates will decrease by 50 basis points in the next few days. 💎 TVC:GOLD Buy 2544 - 2546💎 ✔️TP1: 2560 ✔️TP2: 2580 ✔️TP3: OPEN 🚫SL: 2536 💎 TVC:GOLD Sell 2595 - 2597💎 ✔️TP1: 2580 ✔️TP2: 2560 ✔️TP3: OPEN 🚫SL: 2605
TVC:GOLDShort
by FalCol_TradingMaster
Is Gold at Its Brightest?On the charts, gold prices are continuing their strong upward momentum, breaking through key resistance levels and moving towards testing new highs. This is supported by data from the Kitco News surveys, which show strong optimism from both professionals and retail investors on the outlook for gold. Technical analysis on the 4-hour chart shows that gold prices have broken through key resistance levels and are entering a “new price discovery zone”, a period that could see high price volatility due to the lack of resistance. The next resistance level on the chart is located at around $2,600/ounce, and this will be the next target that investors are aiming for. With the Fed expected to cut interest rates on September 18, along with ongoing geopolitical uncertainties, gold is expected to continue to receive attention as a safe-haven asset. Investors should closely monitor the Fed’s statements and the geopolitical situation to adjust their investment strategies accordingly. In addition, the demand for physical gold remains high in the context of devaluation of domestic currencies, showing that gold is not only an investment channel but also a means of protecting assets. The current growth in gold prices and the possibility of continued growth in the long term is a positive signal for those who are looking for safety in their investments.
OANDA:XAUUSD
by Naoomi
The first threshold surpassed 2,600 USD/ounce.Market are pivoting their interest to subsequent week`s Federal Open Market Committee (FOMC) meeting. This collecting is poised to be one of the year's maximum consequential, with full-size anticipation of the primary hobby price reduce on account that 2020. The consensus amongst analysts, economists, and marketplace observers is that a price discount is all however certain. markets are presently pricing in a 73% danger of a 25 bps reduce and a 27% danger of a 50 bps reduce, consistent with CME FedWatch. Early this week AngloGold Ashanti introduced it's far obtaining Egypt-targeted Centamin for $2.five billion in coins and stock. Anglogold dropped at the news, however recovered via way of means of the stop of the week.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold Knocks on New Highs: What Does It Mean for Investors?In the recent trading session, gold prices recorded a strong growth, breaking through several important resistance levels, and are now approaching the new red resistance zone on the chart. With this increase, gold prices have the potential to challenge higher levels in the near future, supported by several technical and macro factors. The 34 EMA and 89 EMA are both showing bullish trends as they maintain an upward slope. The position of gold prices above both these EMAs is a sign of a sustainable uptrend that could continue. The current red area on the chart marks a major resistance level that gold prices need to overcome to continue the uptrend. A successful breakthrough of this level could lead to a new bullish phase, while a failure could trigger a price correction.
OANDA:XAUUSD
by Naoomi
1
Forecasts suggest that the Fed will decrease by 25 pointsTaking advantage of the opportunity is still there, says RJO Futures senior market strategist Bob Haberkorn. If the Fed decides to reduce it by 50 points, it would mean that the Central Bank of America is surrendering its ability to play. The results of the Reuters visit showed that most participating economists think the Fed will lower interest rates by 25 basis points at each of the remaining main meetings in 2024. The poll showed that only 9 of the 101 economists expect a half-percent cut next week. Independent metals trader Tai Wong said that the rise in core CPI has more or less reinforced the possibility that the Fed will proceed with a 25 basis point cut next week. Gold prices may have to wait a little longer to reach new record highs. 💎 TVC:GOLD Buy 2485 - 2487💎 ✔️TP1: 2500 ✔️TP2: 2510 ✔️TP3: OPEN 🚫SL: 2480 💎 TVC:GOLD Sell 2525 - 2527💎 ✔️TP1: 2510 ✔️TP2: 2490 ✔️TP3: OPEN 🚫SL: 2535
TVC:GOLDShort
by FalCol_TradingMaster
CPI Momentum and Fed Rate Cut ExpectationsThe gold chart is currently trading in a narrow range, indicating a sideways trend, reflecting the market’s anticipation of news that could have a major impact on prices. This sideways movement occurs between two key levels: resistance near $2,525 and support at $2,472. This stability has been partly maintained by the latest US inflation data, which showed that core CPI remained stable, suggesting that the Fed may not change monetary policy in the near term. However, any major changes from the Fed’s decision could trigger a strong rally in gold, especially if interest rates are cut deeper than expected, which would weaken the USD and increase the appeal of gold as a safe-haven asset.
OANDA:XAUUSD
by Naoomi