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Xauusdforexsignal

XAUUSD : Will falling gold create strong momentum in the future?XAU/USD has fallen for two consecutive sessions since hitting a new peak at $2,483, suggesting traders are taking profits after gaining more than 8.0% in the past three weeks. In the medium term, the general trend is still up, but the RSI indicator on the daily chart is turning down, showing that investors are somewhat cautious as the gold price gets closer to the 2,500 USD mark. In the short term, XAU/USD may continue to fall deeply if it does not quickly regain the $2,450 mark. If selling pressure remains overwhelming, gold prices may move towards the July 5 high at $2,392 after breaking through the $2,400 mark and then the $2,350 mark. On the contrary, if XAU/USD successfully surpasses 2,490 USD, conquering the 2,500 USD mark is completely feasible.
OANDA:XAUUSD
by SantaTradeGold
Gold is looking for new peaks for itselfIn his latest speech, Fed Chairman Jerome Powell once again expressed a dovish stance, but it could go in either direction. As has been pointed out many times, gold appears to be very sensitive, with just the slightest impact being able to push gold prices to new record highs in any given week. Robert Minter, Chief Strategy Officer of abrdn, said that inflation is only half the reason for this price increase, the other half is the weakness of the economy. "There is a basis to cut interest rates in September. If you look at the current high level of consumer debt, even a little pressure on the labor market can cause serious problems for the economy. I don't think we're going to see a recession, but it all depends on the Fed. They're a little late, but it's not too late to do something." Despite supposedly positive economic data, economic optimism seems increasingly foolish. We supposedly avoided a Volcker recession, but have we really? Or is the media downplaying how bad the real situation is? Could a devastating recession begin after the Fed starts lowering interest rates? That's often what happens, as Ryan McMaken warns us - the reason "soft landings" are so elusive is simply because they're impossible, "But there are two problems with the "soft landing" story: The first is that the Fed has never done this in the past 45 years. Normally, the Fed denies a recession until it happens. Then, the Fed reduces Interest rates on unemployment have begun to rise." The market has high expectations that the Fed will reduce interest rates. The CME FedWatch tool shows an over 90% probability of this happening. According to expert Carsten Fritsch, the market is predicting that the Fed will reduce interest rates in September and may reduce it again before the end of the year. Based on these, Fritsch thinks gold has all the elements to test and could surpass record highs this week. And all of this is still in the short term. As we approach the end of the year, gold will exit its weakest quarter and enter the election cycle, a period that is expected to be turbulent even by the standards of the past twenty years. The dynamics driving gold prices are changing, and investors should stay one step ahead. In the latest report, Incrementum AG's Ronald Stoeferle notes that gold investors should pay attention to the changes driving the gold market. (This is not to say that the old factors are disappearing. Inflation and currency depreciation will still ensure gold's appeal, and any discussion of safe investments must include Yellow.)
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold is at its historic peakWorld gold prices continue to climb and are at a historic peak due to the further weakening of the USD. According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18. Earlier this week, Fed Chairman Jerome Powell said that recently released data "increases confidence" that inflation is falling sustainably toward the Fed's target level. Many Fed policymakers also said they are increasingly optimistic that price inflation is on track and falling toward the 2% target mark.
OANDA:XAUUSD
by SantaTradeGold
GOLD : Gold is increasing fearfullyIn an interview with Kitco News, Robert Minter, Chief Investment Strategist at abrdn, said that Fed Chairman Jerome Powell's testimony before Congress last week appears to be the turning point the market has been waiting for. long time ago. During a two-day hearing on Capitol Hill, Fed Chairman Jerome Powell told Congress that risks to the economy now hang in the balance. "Rising inflation is not the only risk we face," Mr. Powell emphasized in prepared remarks. Immediately after these comments, gold prices held the $2,400 support level and even surpassed the peak of the two-month accumulation period. The August gold futures contract set a new record at a price of 2,470.20 USD/oz. This breakthrough took place in the context that the market was almost completely confident that the Fed would reduce interest rates in September. Mr. Robert Minter, Director of Investment Strategy at abrdn, said he was not surprised by Powell and the Fed shifting their focus away from inflation. He noted that rising consumer debt in a high interest rate environment could pose significant risks to the economy.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold is heading towards new heightsThe daily chart shows that gold still has room to expand its upward momentum. XAU/USD is trading significantly above all SMAs, which are steeply sloping up. At the same time, technical indicators are also increasing rapidly, moving deeper into the overbought zone but showing no signs of slowing down. Based on the H4 frame, gold is in the overbought zone in the short term, but the possibility of a downward adjustment is still unclear. The 20 SMA is strongly sloping up, providing dynamic support around $2,420. The two SMA lines 100 and 200 are also following and pointing up. Finally, the Momentum indicator maintained an uptrend at a high level, but the RSI indicator entered the overbought zone and showed signs of slowing down. Therefore, gold may be under some short-term profit-taking pressure before contemplating the next increase. Potential support levels are $2,448, 2,435, and $2,422, respectively. Conversely, the next resistance levels to watch out for are $2,480 and $2,500.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold will find its old peak within the weekWorld gold moved sideways around 2,427 USD/ounce in the early trading session this morning, a number of important economic reports will be announced by the US this week. However, experts predict that the gold market will not change much after these reports. FxPro senior market analyst Alex Kuptsikevich said that the fact that XAU/USD remains firmly above the 2,400 USD/ounce mark is a good sign. Expectations that the Fed will soon cut interest rates are increasing, which underpins the price of gold - a non-yielding asset.
OANDA:XAUUSD
by SantaTradeGold
GOLD ( STABILIZING ABOVE FVG) ( 4H )HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : the price between 2,395 $ and 2,383 $ and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level . PRICE MOVEMENT : the price in previously can be breakout resistance level at 2,365$ , after stabilizing this level rising to 2,392$ , trying to retest at 2,350$ , after again rising to 2,424$ , know currently price at 2,412$ , my goal resistance level at 2,425 $ . PRICE ACTION : LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 2,425$ , second case price corrective a turning level inside FVG between 2,395$ and 2,383$ before rising . SHORT CONDITION : if the price breaking FVG at 2,383$ by open 4h candle below this level reach a support level at 2,364$ , then stabilizing below this level reach a 2,337$ . TARGET LEVEL : LONG CONDITION / RESISTANCE LEVEL :2,425$ , 2,440$ SHORT CONDITION / SUPPORT LEVEL : 2,365$ , 2,337$
OANDA:XAUUSDLong
by ArinaKarayi
XAUUSD : Gold increased sharply at the end of the year?Although the PPI index last week somewhat restrained the excitement, gold was still able to hold the important support level of 2,400 USD/ounce. Coming into the new week, world gold prices were under pressure from investors to take profits at the beginning of this morning's session when ECB officials announced that the central bank could cut operating interest rates again in the end. 2024. It is likely that many ECBs will not be able to lower interest rates at this week's meeting on July 18, but possibly in September. This may have led to an increase in expectations for a similar move with the FOMC and opening shows a clearer trend of interest rate cuts. Carsten Fritsch, commodity analyst at Commerzbank, expects that gold will find its historic peak again this week when the gap is only about 40 USD/ounce. Because after recent developments, from both data and Mr. Powell's statements, the possibility of cutting interest rates in September is higher than ever. However, many experts say that investors should also be cautious because Q2 economic information is about to be announced in the US and Europe from now until the end of July. If the economic data is positive, gold can will likely be under pressure to make room for other risky assets, typically stocks.
OANDA:XAUUSD
by SantaTradeGold
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
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GOLD : Can gold reach the $2,500 discipline mark?Despite gold's consolidation phase, in a report published on Wednesday, commodity analysts at Citi said strong gold demand in the second half of the year could push XAUUSD towards 2,600, as the Investors flocked to precious metals. Along with renewed investor interest, analysts say they expect central bank demand to hit a record this year. According to the model, analysts expect central banks to buy about 1,100 tons this year, up 5.8% year-on-year and likely exceeding the expected 1,250 tons. Citi's outlook comes after foreign exchange reserve data from the PBOC showed the bank did not add to China's gold reserves for the second month in a row. Despite this shift, analysts note that central banks' gold demand has stabilized at a record 28-30% of gold mining output since 2022. They also see demand is likely to increase to 35% in the bullish scenario next year due to the trade war and concerns about US financial policy. While the gold market remains driven by central bank demand, Citi also expects retail consumers and investors to further drive gold's growth. “We remain bullish on gold demand over the next 12 months, with potential Fed rate cuts and headwinds in the US labor market helping to boost demand,” Citi analysts wrote. with this metal. In this situation, Citi predicts XAUUSD will trade between 2,800 and 3,000 by mid-2025.
TVC:GOLD
by SantaTradeGold
GOLD ( FED CHAIR POWELL ) ( 4H )XAUUSD HELLO TRADERS Tendency active bullish after the price breakout the resistance trendline . TURNING LEVEL : a blue line between resistance and support level around 2,348$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level . RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level . SUPPORT LEVEL : there is a red line below turning level around 2,337$ , indicates buying have already increase this level , so if the price breaking turning level reach this level . PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,348$ , after rising to the resistance level around 2,378$ , then stable above this level reach 2,391$ , if the price breaking turning level reach a support level at 2,337$ , then stable by open 4h candle below this level reach a 2,320$ , know the price in the supply returned to the demand zone may be reach a turning level before long . TARGET LEVEL : RESISTANCE LEVEL : 2,378$ , 2,391$ SUPPORT LEVEL : 2,337$ , 2,320$
OANDA:XAUUSDLong
by ArinaKarayi
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
GOLD : Gold is increasingly unpredictableXAU/USD has been on the rise since late June, reaching a peak of $2,390 on Friday, representing a 4% gain. This is mainly due to the USD falling by 1%, as gold prices are often more volatile than the USD. Weak jobs data pushed gold prices up on Friday, weakening the dollar and bringing the timing of an interest rate cut closer. However, it is worth noting that gold decreased by 0.8% immediately after the release of the report. The market's subsequent reaction was of the "good for evil" variety: labor market weakness increased expectations of an early interest rate cut, which boosted risk appetite. However, this is a very difficult trend to sustain, because not all negative factors in the macroeconomy reduce inflation. On the contrary, we see wage growth (4.1% over the same period last year) is still higher than inflation (3.3%). At the same time, hiring figures from previous months were revised downward, and the unemployment rate reached a 31-month high. However, it is likely that gold prices will continue to be under pressure. The 50-day MA at $2,340 is considered the first signal mark. If this zone is broken without resistance from buyers, XAU/USD could quickly retreat to the $2,300 zone, a key level to determine the trend in the coming months. A drop below this level would be considered a break in the uptrend since October, when the Fed first signaled its readiness to cut interest rates.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold is rotating above the old peakWorld gold is fluctuating around 2,363 USD/oz. World gold prices "evaporated" in the context of technology stocks in the US rising sharply. Accordingly, investors focus their capital on stocks, causing cash flow into this precious metal to be limited, causing a disadvantage for gold prices today. On the other hand, after the gold price increased sharply to 2,391 USD/oz, many investors quickly took profits, especially in May and June 2024, China had 2 consecutive months of not buying gold. This week, the market's attention will be focused on Fed Chairman Jerome Powell's statement in testimony before Congress and US inflation data scheduled for release on July 11.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold will return to its old peak within the weekWorld gold is fluctuating around 2,395 USD/oz. The world gold market will likely be more exciting this week after escaping the gloom for a long time. The price of this precious metal is expected to be affected by Fed Chairman Jerome Powell's statement at his testimony before Congress, growth data for June, weekly unemployment claims, index reports US producer prices and preliminary survey results on consumer sentiment by the University of Michigan. Currently, optimism is covering the gold market, as recent data shows cracks in the US economy, the US labor market is increasingly weakening and inflation is decreasing. All the data reinforces the possibility that the Fed will soon introduce monetary policy easing and lower interest rates, which should support the price of the precious metal gold.
OANDA:XAUUSD
by SantaTradeGold
GOLD : Gold will be strong and have new peaksGold prices have soared this year - hitting a record in May - due to central bank purchases, while policymakers in countries including India, China and Singapore is looking to diversify its reserves. The precious metal is also supported by geopolitical tensions and bets that the US Federal Reserve will start cutting interest rates as inflation cools. Christopher Wong, strategist at Oversea-Chinese Banking, said "the possibility of gold prices falling should not be ruled out" following the PBOC data. "But it is not unusual for China to temporarily stop buying gold, because gold prices have increased quite sharply." According to data released on Sunday, the amount of gold bullion held by the PBOC was unchanged at 72.8 million troy ounces at the end of last month. The PBOC decided not to add to reserves in May, ending an 18-month net purchase. According to Krishan Gopaul, an analyst at the World Gold Council (WGC), the Reserve Bank of India added more than 9 tons of gold in June, based on weekly data. This is the highest figure since July 2022 and it shows that India's gold reserves have increased by 37 tonnes to 841 tonnes this year. Gold prices fell 0.3% to 2,385.55 USD/ounce at 10:40 a.m. in Singapore. The DXY index remained unchanged. Silver prices held above $31 an ounce after rising more than 7% last week, while palladium and platinum fell. According to Charu Chanana, a strategist at Saxo Capital Markets in Singapore, it is possible that rising gold prices have prevented the PBOC from buying. However, she said gold could still rally further amid growing expectations of the Fed's monetary easing policy this year, as well as ongoing geopolitical risks.
TVC:GOLD
by SantaTradeGold