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Goldh1

XAUUSD 300 PIPS NFP MOVE TODAYOANDA:XAUUSD Gold price’s (XAU/USD) rally pauses after refreshing all-time highs near $2,305 amid uncertainty ahead of the release of the United States Nonfarm Payrolls (NFP) data for March. The labor market data is expected to influence market expectations for the Federal Reserve (Fed) rate cuts, which financial markets are currently anticipating for June. The CME FedWatch Tool shows that traders are pricing in a 61% chance that the Fed will trim interest rates in June, an inch higher from 60% a week ago. Traders bets for Fed rate cuts remain broadly unchanged as surprisingly weak US Services PMI for March offset the negative impact of hawkish commentary from a slew of Fed policymakers. Meanwhile, 10-year US Treasury yields are up at 4.34%.
OANDA:XAUUSDShort
by Senorita71
H1 GOLD ANALYSIS Gold prices recovered on Wednesday after a pullback to the $2,150.00 region, and traders seem convinced that the US Federal Reserve (Fed) could cut borrowing costs. Nevertheless, the latest hotter-than-expected inflation report in the United States might deter Fed officials from easing policy in June, contradicting market participants' speculation. Therefore, the XAU/USD trades at $2,173.60, gaining 0.7%. The latest US economic data suggests the economy remains robust, even though the labor market is cooling. Nevertheless, headline and underlying inflation remaining above 3.2% in the twelve months to February might push back some Fed officials’ intentions to cut borrowing costs.
OANDA:XAUUSDShort
by Senorita71
Gold Analysis 13/10/2020We have been ranging since London session yesterday with very little volume. We have three options for gold volume permitting. If we break above the range we have been stuck in, we can look for a potential wickfill which would be 30 pips, however that is a risky move. Safer buys would be if we break resistance at 1933. We have clean traffic to the left and we can look to fill the range up to 1940. For those looking to sell, if we break support at the bottom of the range at 1920, we have a clean range to fill to the downside, potential targets can be between 1912-1914. As always wait for confirmations before you execute your trades and trade with caution.
FX:XAUUSD
by rhf_fx
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