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💬(What is your next target for gold)Technical analysis ✅ FXOPEN:XAUUSD TVC:DXY traders gold moving today USd Both data positive im seller and gold moving down 2010) What is next target for you experience)? My trade position selling zoon 2040+ 2020) Gold's fundamental analysis involves considering various factors that influence its value. Key elements include: Interest Rates: Gold and interest rates have an inverse relationship. When interest rates are low, gold becomes more attractive as it doesn't offer a yield. Conversely, higher rates may divert investors towards interest-bearing assets. Inflation: Gold is often viewed as a hedge against inflation. During periods of rising inflation, investors may turn to gold to preserve their wealth. Global Economic Conditions: Economic instability or geopolitical tensions can drive investors towards gold as a safe-haven asset. Central Bank Policies: Actions taken by central banks, such as buying or selling gold reserves, can impact gold prices. Currency Strength: Gold is priced in USD, so changes in the strength of the US dollar can influence gold prices. A weaker dollar typically boosts gold prices. Supply and Demand: Like any commodity, gold's price is influenced by supply and demand dynamics. Mining Costs: The cost of mining can influence the production levels and, consequently, the supply of gold in the market. Market Sentiment: Public perception and investor sentiment also play a role. Market sentiment can be influenced by news, economic reports, and overall market conditions. Remember, a comprehensive analysis should consider a combination of these factors, and it's crucial to stay updated on global economic trends and events that might impact the market.
FXOPEN:XAUUSDShort
by SMC-Trading-Point
3
⤵⤵ gold fundamental analysis)technical analysis). traders are you looking for a bearish trandline gold Market this week gold fullback down 👇 1980? Gold seller reject the resistance levels breakdown I think 💬 gold moving down 2040 fullback down 1980 Fundamental Analysis of Gold FXOPEN:XAUUSD TVC:DXY The outlook created by the fundamental analysis of the gold market remains strong with the growing uncertainty in the world economy and rapidly expanding money supply. As governments try to cope with financial turbulence, they print more and more fiat money (money that is not backed with material assets). This fuels inflation that eats away government bonds yields. If the yields themselves are lower than the inflation, then you actually lose purchasing power by holding these bonds. In such a situation, investors switch to assets they believe will allow them to preserve their wealth. Gold is precisely one of such assets. Entry 2021 Entry 2040 Target 1980 safe trade ❣️🙏 pales like 👍 and comments 👇
FXOPEN:XAUUSDShort
by SMC-Trading-Point
⤴️⤴️ Gold vip) fullback up ⬆️)Hello trader’s what do you think about gold) ? Gold this week fullback up ⬆️ gold cpi news service 2024) down back up 2065) retest support 2030) And breakdown support levels fullback 2086) resistance levels) Looking 👀 H4 tame-frame🖼️ ⤴️⤴️ Looking 👀 3H tame frame 🖼️ ⤴️⤴️ Looking 👀 2H tame frame 🖼️ ⤴️⤴️ safe trade 🙏🙏❤️🩵 Plaes like 👍🏻 and comment’s)
TVC:GOLDLong
by SMC-Trading-Point
4
📊⤴️⤴️ EURUSD VIP BULLISH MOMENTUM LONG TRADE)⤴️⤴️📊Hello trader’s what do you think about eurusd)? dear traders I think 4H trand line this week Cpi news soo I think eurusd fullback resistance levels my Postens open 01.09000 Long trade) bullish momentum) Target 1.10357) Target 1.10837) Target 1.11657) GBP/USD remained consolidative on Thursday, bid just above 1.26 and offered just above its 10-DMA at 1.2707, as traders cogitate over U.S. and UK rate pivots later this year, looking toward Friday's payrolls data and next Thursday's CPI data for clues about the timing and depth of Fed rate cuts. For now, traders are reacting to Wednesday's slightly dovish Fed minutes, which noted prior rate hikes are having their intended effect reducing inflation and growth, and near-unanimity that rates will be lower by year-end 2024. Sterling traders' reluctance to move GBP/USD out of its 1.26-1.27 range hints at consensus that both the BoE and Fed are at peak rate levels. Though futures are pricing a near-80% chance the Fed will begin rate cuts in March 2024 (0#SRA:), ahead of the BoE expected in May 2024 (0#SON3:), the near-symmetrical rate paths foreseen for the two central banks in 2024 is keeping GBP/USD anchored near current levels. U.S. jobs data on Friday could disrupt the current GBP/USD rate stasis. Should payroll and earnings data surprise to the upside, a delay in Fed cuts is likely to weigh on GBP/USD, putting multiple support levels in the 1.2630s in sharper focus. FX:EURUSD
Long
by SMC-Trading-Point
2
⤴️⤴️EURUSD BULLISH MOMENTUM Fullbacks)🚀🚀🚀The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates. Questions for 2024 will be when the Fed begins cuts, and whether the first rate reduction is made to avoid over-tightening as inflation drops, or due to slowing U.S. economic growth. With markets already pricing in aggressive cuts, debate is also focused on how much further the dollar is likely to fall. “We’ve already weakened quite a bit in anticipation of a Fed cut cycle to come,” said Brad Bechtel, global head of FX at Jefferies in New York. The dollar's decline accelerated after the Fed adopted an unexpectedly dovish tone and forecast 75 basis points in rate reductions for 2024 at its December policy meeting. Markets are pricing in even more aggressive cuts, with the first reduction seen likely in March and 158 basis points in cuts expected by year-end. (FEDWATCH) The Fed’s tone contrasted with other major central banks, including the European Central Bank (ECB) and Bank of England (BoE), which maintained they will hold rates higher for longer. But “I do think they will capitulate. European growth is just struggling too much and inflation’s coming down relatively fast … same in the U.K. in many ways,” said Bechtel. “If all three central banks are cutting, it's going to be very hard for the dollar to weaken significantly." Against a basket of currencies, the greenback on Friday gained 0.13% to 101.32 DXY , rising from a five-month trough of 100.61 reached on Thursday. It is on track to lose 2.10% this year and is down 4.62% this quarter, the worst performance in a year. The euro EURUSD dipped 0.19% to $1.1040, hovering just below a five-month peak of $1.11395 reached on Thursday. It is heading for a 3.04% gain for the year, its first positive year since 2020. "Markets are looking for a cut earlier in the U.S. and are less certain that the European Central Bank will cut as quickly, so that's why the dollar is very soft," said Niels Christensen, chief analyst at Nordea. "We also have positive risk appetite which is another negative for the dollar. Going into 2024, the soft dollar will be a theme towards the March central bank meetings," Christensen added. Policymakers at the ECB and the BoE did not signal any imminent rate cuts at their policy meetings this month, but traders are pricing in 162 bps of cuts by the ECB next year, with the probability of two cuts by April. The BoE is also expected to cut rates by 148 bps in 2024. "While it feels like the market might have moved too far too fast, the facts are that growth is non-existent in Europe, slowing in the U.S., and inflation is falling globally," said CJ Cowan, portfolio manager at Quilter Investors. "The ECB is famously slow to change policy course so almost two cuts priced by April looks aggressive, even if it might be the right thing to do." Sterling GBPUSD rose 0.08% to $1.2745 and was on track for a 5.39%
Long
by SMC-Trading-Point
🚀⤴️⤴️GOLD FULLBACK 2100)⏫️hello trader’s what do you think about gold) gold fullbacks support levels 2047) Gold if breakoutdown and this weekend looks better news CPI trader’s 2047) support levels and gold mowing fullback 2100)resistance levels)my position 2047) lounges 2100) key levels 2080 key levels 2090 key levels 2100 Gold finished the year at $2,063 an ounce, climbing more than 13% in 2023 for its first annual gain in three years, and logging a new record high within the year mostly supported by expectations that the major central banks will start cutting interest rates early next year. After implementing an aggressive rate-hiking cycle that started in early 2022, the US Federal Reserve is now expected to begin easing as soon as next March amid signs that inflation in the US is cooling. Moreover, heightened geopolitical tensions in the Middle East and the prospect of a prolonged war in Gaza spurred safe-haven demand for gold.
FOREXCOM:XAUUSDLong
by SMC-Trading-Point