Xayah_trading

Xayah_trading Updated 

OANDA:XAUUSD adjusted downward again in the short term after recovering and achieving the upside price target around the technical point of 2,660USD on yesterday's trading day. The Washington Post reported on Monday that Israeli Prime Minister Benjamin Netanyahu told the Biden administration that he is ready to attack Iran's military facilities, but not its oil...

Xayah_trading Updated 

OANDA:XAUUSD continues to get stronger, reaching the short-term target level at 2,660USD and aiming for the next target levels at 2,672 - 2,685USD. Boosted by falling US Treasury yields, investors cautiously await more data that could provide a fresh assessment of the Federal Reserve's monetary easing cycle. According to CME Group's FedWatch tool, traders now...

Xayah_trading

The latest economic data suggests the Federal Reserve could cut interest rates again next month, but a larger cut is being underestimated. Therefore, US bond yields remain stable and the wide spread between Japanese government bond yields and US bond yields continues to support the US Dollar. On the daily chart, OANDA:USDJPY The uptrend is noticed by the...

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Oil prices were volatile but posted a second straight weekly gain last week as investors weighed potential supply disruptions in the Middle East and the impact of Hurricane Milton on fuel demand in Florida. The price of West Texas Intermediate (WTI) crude oil for November delivery on the New York Mercantile Exchange decreased to 75.56 USD/barrel. Although US...

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This week, OANDA:XAUUSD have continuously decreased in the early sessions of the week to nearly 2,602 USD/oz because market expectations about the monetary policy of the US Federal Reserve (FED) began to change. . Last week's strong jobs report, combined with a higher-than-expected rise in the Consumer Price Index (CPI), forced the market to temper expectations...

Xayah_trading

OANDA:XAUUSD rose on Friday (October 11), after US inflation data reinforced the prospect of lower interest rates this year, keeping the dollar below recent peaks, amid haven demand. Safety stemming from geopolitical tensions in the Middle East also boosted gold. At the end of the trading session on October 11, the spot gold contract increased 1% to 2,656.09...

Xayah_trading Updated 

On Friday (October 11) in the Asian market, spot gold suddenly increased sharply in the short term. Gold price has just exceeded 2,645 USD/ounce, increasing more than 15 USD during the day. While US CPI data was slightly higher than expected, US initial jobless claims data performed poorly. This caused the US Dollar index to decrease significantly. In addition,...

Xayah_trading Updated 

As recent jobs data prompted investors to lower expectations for a sharp interest rate cut by the Federal Reserve in November, and as tensions in the Middle East showed signs of easing, gold prices fell. strong but it seems this is just a profit-taking move and not a downtrend with solid conditions. Following last week's positive jobs report, the Fed is expected...

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OANDA:XAUUSD maintained a moderate intraday recovery after yesterday's sharp decline. Gold price is currently trading around 2,611 USD/ounce. Minutes of the Federal Reserve's September meeting showed that the vast majority of Fed officials favored a significant 50 basis point interest rate cut. Traders' focus now turns to the US CPI data released today. Today...

Xayah_trading Updated 

OANDA:XAUUSD Continuing to maintain the recovery trend with a slight increase in the Asian trading session on October 4, gold is currently trading at 2,661 USD/oz, a slight increase equivalent to 0.21% on the day and about 5 USD as of today. the time the article was completed. Investors will release the US nonfarm payrolls report, which is expected to cause...

Xayah_trading Updated 

OANDA:XAUUSD It is still trading quite stably as at the beginning of the week there were no macro data or events that created a shock on the market. On Tuesday (October 8) in the Asian market, spot gold is currently trading around 2,643 USD/ounce. OANDA:XAUUSD weakened on Monday due to a significant rise in US bond yields, but gold's decline was limited as...

Xayah_trading

OANDA:XAUUSD fell on Friday (October 4) after a better-than-expected US jobs report dampened expectations for a sharp interest rate cut by the Federal Reserve next month, boosting the dollar. However, geopolitical risks related to Israel and Iran supported gold prices, limiting the downward adjustment. The U.S. labor market added more jobs than expected in...

Xayah_trading

In the beginning of last week, OANDA:XAUUSD increased from 2,624 USD/oz to 2,672 USD/oz due to escalating geopolitical tensions in the Middle East. Immediately afterwards, international gold prices dropped to close to 2,631 USD/oz after US non-agricultural employment figures for September were announced at 254,000 jobs, much higher than the forecast of 147,000...

Xayah_trading

OANDA:XAUUSD fell in the trading session on Friday (October 4), when traders almost stopped betting on the possibility of the Federal Reserve (Fed) reducing interest rates by 0.5 percentage points in next meeting. Interest rate expectations moved strongly after the market received the US September employment report much better than expected. At closing, the...

Xayah_trading

OANDA:XAUUSD is trading quite stable during the Asian trading session on October 3, as of the time this article was completed, spot gold was trading at 2,655USD/oz. After the release of stronger-than-expected US ADP data the previous trading day, the US Dollar strengthened and gold prices plummeted to 2,640.91USD/ounce. However, affected by tensions in the...

Xayah_trading

Affected by tensions in the Middle East and falling US bond yields, demand for safe havens increased and gold prices achieved the target increase at 2,672 USD. Note to readers in the publication issue Before gold fake correction,. Gold prices are still hovering below recent record highs after the Fed Chairman hinted at smaller interest rate cuts in the future. As...

Xayah_trading

OANDA:XAUUSD There were 2 consecutive sessions of price decline at the end of last month, mainly due to profit-taking activities without affecting the uptrend both fundamentally and technically. From a monthly perspective, gold prices rose more than 6% in September, reaching a peak of $2,685.42 last Thursday, mainly due to the Federal Reserve's 50 basis point...

Xayah_trading Updated 

OANDA:XAUUSD rebounded slightly this past weekend on Friday (September 27) as traders received the latest US data, but gold also hit a new all-time record this past week due to Expectations that the Federal Reserve will cut interest rates further. Although the latest US consumer spending and inflation data reinforced expectations that the US central bank will...