Xayah_trading

Xayah_trading Updated 

World gold prices rebounded after a sharp decline last week. World gold price stood at 2,173 USD/ounce, a slight increase of 8 USD/ounce compared to last week's closing session. I am neutral on the gold price outlook this week. Gold prices have recently increased sharply, so it wouldn't be surprising if they decrease when the USD strengthens at the end of Q1...

Xayah_trading Updated 

OANDA:XAUUSD AND ANALYSIS - Gold’s backdrop remains positive and may lead to further gains. - Retail trader positioning is 50/50. Gold reached a new record high last week but ended the week relatively unchanged after a sharp sell-off. The Federal Reserve hinted at a potential rate cut of 75 basis points this year, which initially boosted gold. However, the US...

Xayah_trading Updated 

This week, international gold prices increased quite sharply from 2,145 USD/oz to 2,211 USD/oz, then decreased to 2,157 USD/oz and closed the week at 2,165 USD/oz. The reason why international gold prices increased sharply in the first sessions of the week was because in the recent meeting, the FED said there would be 3 interest rate cuts this year, regardless of...

Xayah_trading Updated 

FORECAST - OANDA:XAUUSD - The Fed held borrowing costs unchanged and continued to indicate it would deliver three rate cuts this year - The dovish policy outlook weighed on the U.S. dollar and yields, boosting gold prices For context, the FOMC kept borrowing costs at their current levels at its March gathering, reaffirming its intention to implement 75 basis...

Xayah_trading Updated 

Gold price today, March 22, suddenly went down in the context of the USD reversing its price and US stocks rising sharply. After setting a record level of 2,211 USD/ounce in last night's trading session, today's world gold price plummeted 30 USD to 2,181 USD/ounce at 6:00 a.m. on March 22. Gold prices weakened today in the context of the Swiss National Bank...

Xayah_trading Updated 

World gold spot price is around 2,165 USD/ounce, down more than 16 USD/ounce compared to the same time yesterday morning. Gold prices on the international market continue to decline because the USD has not stopped its rise. Specifically, the Dollar-Index - measuring the strength of the greenback compared to 6 major currencies, increased sharply by 0.42% to...

Xayah_trading Updated 

The Federal Reserve will announce its March monetary policy on Wednesday. Experts expect the benchmark rate to remain unchanged, along with the quantitative tightening program. The focus will be on forward guidance, with the Fed likely stating that they won't lower borrowing costs until there is more confidence in inflation reaching 2 percent. The Fed may raise...

Xayah_trading Updated 

OANDA:XAUUSD OUTLOOK - Gold prices retreated this week but are still up more than 5% in March - The Fed’s monetary policy announcement will take center stage in the coming week Gold prices (XAU/USD) fell 1.05% this week to $2,155 due to higher U.S. Treasury yields and the U.S. dollar. However, gold has maintained strong bullish momentum in March, with a gain...

Xayah_trading Updated 

After increasing to 2,195 USD/oz last week, this week's gold price continuously adjusted from 2,188 USD/oz at one point to 2,150 USD/oz and closed at 2,156 USD/oz. Gold prices have increased sharply in recent times mainly due to purchases by central banks and investors buying gold in anticipation of the FED reducing interest rates next June. Therefore, the rising...

Xayah_trading Updated 

Gold prices stabilized on Friday (March 15) but recorded their first weekly decline in four weeks, as investors lowered expectations for US interest rate cuts after data this week showed pressure. price increases. At the end of the trading session on March 15, the spot gold contract was almost flat at 2,159.99 USD/oz. This week, the gold contract lost 0.8%,...

Xayah_trading

CANADIAN CPI, OANDA:USDCAD ANALYSIS - Canadian inflation slows more than expected in February – raising USD/CAD - Markets bring a potential BoC cut closer while delaying the onset of Fed cuts - USD/CAD’s bullish response tapered off but pair heads for channel resistance CANADIAN INFLATION SLOWS MORE THAN EXPECTED IN FEBRUARY – RAISING USD/CAD Canadian...

Xayah_trading Updated 

OANDA:XAUUSD Analysis and Chart - Gold trading on either side of $2,165/oz. but a break may be near. The latest US PPI data – wholesale inflation - came in above market expectations, and last month’s print, but the dollar and US rate cut forecasts, remain little changed. US Retail Sales in February picked up, turning positive, but again missed market...

Xayah_trading Updated 

FORECAST OANDA:XAUUSD – MARKET PSYCHOLOGY Retail trading activity shows a net short bias in gold, with the ratio between bearish and bullish positions currently at 1.47:1 as of late Tuesday afternoon. Overall, bullish bets on precious metals are 9.67% lower than yesterday and 12.80% lower than they were popular a week ago. Meanwhile, bearish bets are down...

Xayah_trading Updated 

OANDA:XAUUSD ANALYSIS AND CHART - US rates markets fully price in a 25 basis point in June. - The path of least resistance for gold remains higher for now. The latest Fed commentary has led to financial markets pricing in a 25bp interest rate cut at the June 12th FOMC meeting. Three more rate cuts are also expected in 2024, with a high likelihood of a fourth...

Xayah_trading Updated 

US CPI PREVIEW – OANDA:XAUUSD , US DOLLAR, STOCKS - The February’s U.S. inflation report will steal the spotlight on Tuesday morning - Any deviation of the official data from market expectations could trigger volatility Tuesday marks an important day for investors of all stripes as the U.S. Bureau of Labor Statistics is set to release the February’s consumer...

Xayah_trading Updated 

This week, international gold prices have continuously increased sharply, from 2,079 USD/oz to 2,195 USD/oz and closing at 2,178 USD/oz. Gold prices rose sharply as the US economy added 275,000 jobs in February 2024, surpassing expectations. However, there were downward revisions to job numbers in January and December. The unemployment rate in the US also...

Xayah_trading Updated 

The world gold spot price is around 2,179 USD/ounce, a sharp increase of nearly 19 USD/ounce compared to yesterday's trading session. The international financial market last night received more positive information about the February employment report in the US. Specifically, according to the US Department of Labor in February 2024, the non-agricultural sector...

Xayah_trading Updated 

Gold prices broke records this week, reaching $2,150/ounce. The strong recovery was fueled by a weakening U.S. dollar and falling Treasury yields on bets that the Federal Reserve could start cutting borrowing costs sooner than the Federal Reserve proposed. policy makers. While Fed Chairman Powell has signaled that the central bank is in no hurry to cut interest...