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GOLD ( 07/12) The rebound follows a return above the 2400 levelFundamental analysis Gold price increased to 2,424-2,425, the highest level in two months. In response to another dovish US inflation report, the report boosted expectations that the Federal Reserve (Fed) will cut interest rates in September. Gold prices, for now, look to have broken a three-day winning streak, although any meaningful downside correction still looks elusive following growing expectations that the Fed will begin a tapering cycle. interest rate earlier than expected. Additionally, geopolitical risks, political instability in the United States and Europe, along with fears of a global economic slowdown, will continue to act as drivers for XAU/USD. Traders are now looking forward to the release of the US Producer Price Index (PPI) and the Consumer Sentiment survey. Technical analysis The continuous overnight breakthrough past the $2,400 mark is considered a new motivation for gold to return to a strong uptrend. RSI is also showing signs of exiting the oversold zone in the h1 and h4 frames, this also shows that the price increase is being corrected. This is absolutely a necessary recovery for a sustainable uptrend. Gold's recovery extended to a break out of 2393 and a deeper half of 2368 which is the strongest support zone to maintain the uptrend. The overnight high, around $2,425 now appears to be acting as an immediate barrier, above which Gold prices are likely to return to challenge the all-time high, around $2,450. Support: 2400- 2392-2380-2368 Resistance: 2425-2433-2449 SELL price range 2438 - 2440 stoploss 2446 BUY price range 2395 - 2393 stoploss 2389 BUY price range 2382 - 2380 stoploss 2376
OANDA:XAUUSD
by TVS-Trader
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
Gold price jumps ahead of Fed Powell’s testimony☘️Fundamental analysis Gold prices (XAU/USD) rose in the European morning session on Tuesday on the back of a weaker US Dollar. Traders expect the Fed to cut interest rates in September after last week's weak US jobs data capped gold's decline. In addition, political instability in France and geopolitical tensions in the Middle East also boosted gold prices as a safe-haven asset. However, gold prices may be pressured as the People's Bank of China (PBoC) did not buy gold for the second consecutive month in June. Traders will monitor Fed Chairman Jerome Powell's testimony before the National Assembly. conference, along with speeches from the Fed's Michael Barr and Michelle Bowman. US Consumer Price Index (CPI) inflation data on Thursday will also be in focus. ☘️Technical analysis Gold prices traded in a positive direction during the day. According to the h2 chart, the precious metal maintains an uptrend near the 34 EMA, with the Relative Strength Index (RSI) holding in the bullish zone above the 50 midline. This suggests support is there. the ability to hold up rather than break down. The psychological level of $2,400 serves as immediate resistance for XAU/USD. Before that, you need to break the old peak around 2392. In case of a downside, the first downside target will appear at $2,340 (former resistance). Support: 2350-2340 Resistance: 2378-2392 SELL GOLD zone 2392 -2395 SL 2397 BUY GOLD zone 2340-2338 SL 2335
OANDA:XAUUSD
by TVS-Trader
Gold has recovered Fundamental analysis Gold prices rose slightly on Wednesday, continuing their recovery after Monday's PBoC-related sell-off. This comes after data emerged showing demand for gold by central banks around the world remains high. This balanced the negative impact of news that the largest consumer of gold, the People's Bank of China (PBoC), stopped buying the precious metal in June. The Fed will adopt a data-driven approach to interest rates. Investors had been hoping for more specifics on when the Fed would cut interest rates, and Powell's quiet cut should have weakened Gold more than that. Technical analysis Gold is recovering for the second day in a row after forming a bearish two-bar reversal pattern. The unclear outlook poses a risk that Gold may return to the break out zone, which is also the most important support zone around 2340. In the bullish trend, if gold surpasses Friday's peak of $2,393, the price will continue the series of higher peaks and could reach the next target of 2,400 and still cherish the possibility of surpassing the all-time peak. The trend is sideways in the near-peak area during the drought period. In the long term, Gold is still in a strong uptrend and is ready to reach a peak above 2400 in the near future as macro and political data continues to support gold. Support: 2362 - 2351 -2342 - 2335 Resistance: 2378 - 2383 - 2387 - 2395 SELL zone 2382 - 2384 Stoploss 2388 SELL zone 2392-2394 Stoploss 2396 BUY zone 2341 - 2339 Stoploss 2335 BUY zone 2351-2349 Stoploss 2346
OANDA:XAUUSD
by TVS-Trader
Scalping GOLD m15On the m15 frame chart we will have Scalping signals today with support at 2365 and resistance at 2371. The main trend in the small frame is up and is being supported by two EMA lines. Therefore, a BUY scalp signal around 2365 is still being considered by investors. Gold prices held steady in early trading Wednesday morning in Asia. Expectations of Fed interest rate cuts continue to boost yellow metal prices. The PBoC has restrained gold purchases for a consecutive month, limiting XAU/USD's rise.
OANDA:XAUUSD
by TVS-Trader
XAUUSD : Gold will find its old peak during the weekendWorld gold increased amid unabated geopolitical instability in many regions. At the same time, countries tend to increase gold reserves and reduce dependence on the USD, supporting the price of this precious metal. Previously, in a meeting with the US Senate, Fed Chairman Jerome Powell said the US labor market had weakened and US Treasury Secretary Janet Yellen also said that US inflation would decrease over time. This increases expectations that the Fed will soon lower interest rates in September.
OANDA:XAUUSD
by SantaTradeGold
2
GOLD : Can gold reach the $2,500 discipline mark?Despite gold's consolidation phase, in a report published on Wednesday, commodity analysts at Citi said strong gold demand in the second half of the year could push XAUUSD towards 2,600, as the Investors flocked to precious metals. Along with renewed investor interest, analysts say they expect central bank demand to hit a record this year. According to the model, analysts expect central banks to buy about 1,100 tons this year, up 5.8% year-on-year and likely exceeding the expected 1,250 tons. Citi's outlook comes after foreign exchange reserve data from the PBOC showed the bank did not add to China's gold reserves for the second month in a row. Despite this shift, analysts note that central banks' gold demand has stabilized at a record 28-30% of gold mining output since 2022. They also see demand is likely to increase to 35% in the bullish scenario next year due to the trade war and concerns about US financial policy. While the gold market remains driven by central bank demand, Citi also expects retail consumers and investors to further drive gold's growth. “We remain bullish on gold demand over the next 12 months, with potential Fed rate cuts and headwinds in the US labor market helping to boost demand,” Citi analysts wrote. with this metal. In this situation, Citi predicts XAUUSD will trade between 2,800 and 3,000 by mid-2025.
TVC:GOLD
by SantaTradeGold
EURGBP: One More Short 🇪🇺🇬🇧 After our yesterday's profitable short, I see one more selling opportunity on EURGBP. After a strong bearish wave, the pair started to consolidate within a narrow horizontal range on an hourly time frame. The release of morning's UK/EU Fundamentals triggered a bearish reaction causing a breakout of a support of the range. I opened one more short on the pair. Next goal - 0.8415 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Gold will increase sharply when the Fed reduces interest rates"Capital inflows were widespread, with all regions recording positive increases except for North America, which saw a slight decline for the second consecutive month. Overall, yields fell across regions important and the weakening USD has made gold more attractive to domestic investors," analysts said. "Lower interest rates are a key factor driving capital flows into the region," analysts said. Additionally, cooling stock markets and political uncertainties related to elections in The UK and France, which have sparked significant capital inflows, have also boosted investor interest in gold. Although North American gold demand remains tepid, analysts note that it could easily reverse if the Fed starts cutting interest rates. The market forecasts about a 70% chance that the Fed will cut interest rates in September. "A strong dollar and continued stock market growth may have drawn investors' attention away from gold despite falling US government bond yields," analysts said. "However, flare-ups in geopolitical risks prompted episodic capital inflows, partially offsetting larger outflows during the month."
TVC:GOLD
by SantaTradeGold
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
Slight fluctuations after price reductionGold prices increased slightly in early trading Tuesday morning in Asia. Rising interest rates dampen expectations and cash flows into safe havens could limit the precious metal's decline. The pause in gold purchases by the People's Bank of China (PBoC) is likely to put pressure on XAU/USD in the near term. From a technical point of view, XAU/USD is under pressure, but not bearish. In the small h2 time frame chart, the pair continues to be supported by two EMAs. This could be a temporary recovery in a prolonged uptrend in the near term. After recovering from EMA 89 around 2351, gold has shown positive signs at the beginning of the Asian trading session. Pay attention to important support and resistance zones to have the best trading strategy. Support level: 2350-2358 Resistance level: 2371-2380
OANDA:XAUUSD
by TVS-Trader
Gold analysis week 28Disappointing economic data, including a slowdown in the US labor market, have increased market expectations that the Federal Reserve will cut interest rates in September. Expectations are growing. The start of a new easing cycle has pushed the US Dollar index to a 3-week low and bond yields to a 4-week high, creating favorable conditions for gold prices to trade at their highest level in 2019. 4 weeks. The US economic calendar will not release any data with a significant impact in the first half of next week. However, investors will be watching closely as Chairman Powell will conduct two days of testimony before the Senate Finance Committee on Tuesday and the House Finance Committee on Wednesday. Gold prices decisively broke the head-and-shoulders neckline, pushing the spot price close to $2,390, suggesting buyers are in control and prices will move even higher. The momentum has shifted in favor of the buyers as depicted by the bullish Relative Strength Index (RSI). A daily close above the June 21 high of $2,368 could open the door to a trading range higher in the $2,370-2,400 region, with buyers targeting higher levels . If the price breaks above $2,400, it will hit a yearly high of $2,450 before hitting $2,500. On the other hand, if sellers push the spot price below $2,350, the price could continue to fall towards $2,300. If this support fails, the next demand zone will be the May 3 low of $2,277, followed by the March 21 high of $2,222.
OANDA:XAUUSD
by TVS-Trader
EURUSD analysis week 28☘️The EUR/USD exchange rate fluctuated strongly after the US Nonfarm Payrolls (NFP) report was released mixed on Friday. The price is trading around 1,083 near the three-week peak. ☘️European industrial output fell more sharply than expected. EU-wide retail sales beat forecasts, coming in at 0.3% year-on-year versus an expected 0.1%, but still down from 0.6% previously. ☘️Yarn traders will pay attention to the appearance of Federal Reserve (Fed) Chairman Jerome Powell on Tuesday, followed by final inflation figures from both the EU and US on Thursday. Next Friday will close out next week with German Retail Sales, as well as US Producer Price Index (PPI) inflation and the University of Michigan's Consumer Sentiment Index survey results. ☘️GBPUSD has approached the 1.085 peak area, continuing to bring EURO back to being the world's leading currency. Momentum has shifted in favor of buyers as depicted by the Relative Strength Index (RSI) price increase. The nearest resistance level at 1,085 should prevent a surprise rally after the US data. If the price breaks through that level, the price will reach a recent two-month high around 1,090. On the other hand, if the sellers push the price down, the pair has many important support levels to maintain the stability of the uptrend first around the disputed 1,079 EMA support zone. If this support fails, the next demand zone will be the Break out of the sideway trend at 1.075. Support: 1,085-1,089 Resistance: 1.079-1.075 Trading signals SELL EURUSD zone 1.089-1.091 SL 1.093 BUY EURUSD zone 1.075-1.073 SL 1.071
by TVS-Trader
2