Short

XAUUSD vs DXY

Updated

⚡️Gold prices moved little on Tuesday as the dollar arrested recent losses before key U.S. inflation data due later this week, while copper prices held on to recent gains on hopes that the worst had passed for China’s economy.

⚡️Focus is now squarely on a consumer price index inflation reading for August, which is expected to show inflation growing at a faster pace than July. U.S. inflation is expected to have picked up amid higher fuel costs and resilient retail spending.

⚡️The reading is also expected to set the tone for a Federal Reserve meeting next week, with higher inflation giving the central bank more impetus to keep rates higher, or even hike them further this year.

⚡️While the bank is widely expected to keep rates on hold in September, a stronger inflation reading could elicit a more hawkish outlook from the Fed. The central bank is also set to keep rates at over 20-year peaks until at least mid-2024.
⚡️ DXY continuously increased in the D1 frame, pushing gold prices to near the lowest level in the past 2 months. Today the gold market had a fluctuation, causing gold to fall straight from the 1924 price to the 1909 price.

⚡️DXY has appeared The shooting star model, signaling a slight reversal, which could impact gold ahead of tonight's CPI news.

⚡️ SELL XAUUSD 1929 - 1931 ↠↠ STop 1936

→Profit 1 1925
↨
→Profit 2 1920
⚡️BUY XAUUSD 1908 - 1910 ↠↠ STop 1904

→Profit 1 1920
↨
→Profit 2 1930
⚡️Please set SL for safe trading.

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⚡️BUY 1908 - 1910 + 40 pips

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⚡️Watting news CPI

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After the good news, there weren't too many changes.

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The greenback steadied against a basket of world currencies following the inflation data, which did little to move the needle regarding the Fed's expected rate hike pause.

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⚡️The reduced likelihood of a recession in the US has weighed on safe-haven demand for the yellow metal, as recent data points to continued resilience in the world's largest economy.

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⚡️Gold prices maintained above 1,900 USD, still under pressure from US economic data. The Fed will raise interest rates by 25 basis points in November.

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⚡️ Increased slightly in Friday morning trading session

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⚡️Gold prices rose in Asian trade on Friday as markets bet that the Federal Reserve will keep rates on hold despite recent increases in inflation, while copper prices surged on more stimulus measures from major importer China.

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⚡️Global markets are adjusting to the new prospect of interest rate hikes after the European Central Bank on Thursday raised interest rates to a record high of 4% even as the bank signaled it was the first increase in interest rates. final interest rate.

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⚡️XAU/USD has not yet been able to break the downtrend line formed since May, suggesting that the bearish momentum is not over.

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⚡️The yellow metal saw some gains in recent sessions as strong inflation and economic activity data failed to convince markets that a U.S. interest rate hike was imminent. But gains were also limited as the dollar raced to six-month highs on the data.

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⚡️The USD Index (DXY) holds above the 105.00 hurdle.The FOMC gathering will be the salient event this week.The US NAHB index will take centre stage later in the session

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⚡️The plan is still active

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⚡️The Fed’s policy-makers aren’t expected to raise rates when they meet on Sept. 20, not after 11 hikes that added 5.25 percentage points to a base rate of just 0.25% in February 2022.

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⚡️The Fed is widely expected to keep interest rates on hold at the conclusion of a two-day meeting later on Wednesday.

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⚡️Fed pause expected, but inflation points to hawkish outlook. This is a good signal for the yellow metal

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⚡️Gold prices continue to decline after the Fed's interest rate decision. The Fed kept its current benchmark policy rate unchanged at 5.5%.

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⚡️ Gold price maintains its position around $1,930 ahead of US economic data. Fed’s hawkish stance on interest rate trajectory bolsters the US Dollar (USD).

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⚡️Gold prices (XAU/USD) recovered recent losses after falling to a weekly low of $1,913 during early Asian trading on Friday, XAU/USD was up 0.08% on the day at 1,921, 62 USD.

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⚡️Gold ends week little changed, clinging to mid $1,900, despite hawkish Fed

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⚡️Federal Reserve officials express a cautious stance, emphasizing the need for patience despite the necessity for further rate hikes to control inflation.

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⚡️DXY remained stable above 105, the market seemed to stand still for 2 trading sessions this morning

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⚡️Traders are still pricing in the likelihood of the Fed's policy rates to be higher for an extended period.

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⚡️Treasury yields also rose after last week's Fed meeting, with the benchmark 10-year yield at its highest level since 2007.

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XAUUSD psychological barriers 1900. last line defense

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⚡️The fund discharged more than 4 tons of gold, causing gold to plummet

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⚡️ Gold is active below 1900, waiting for the next reaction

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⚡️Gold has broken all analysis, broken all market structure, continuing its downtrend, falling freely, falling below the 188x area.
⚡️ Besides, DXY also increased sharply and reached its highest peak.

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⚡️ DXY is about to touch 107
⚡️⚡️Gold price (XAU/USD) remains under selling pressure during the early European session on Thursday. The downtick of the precious metal is supported by the stronger US Dollar (USD) and higher Treasury yields. Gold price currently trades around $1,876

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⚡️Gold prices rose slightly in the early hours of Thursday's Asian session due to a slight weakening of the US dollar. Spot gold has a specific price of 1,876.63 USD/ounce.

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⚡️ Waiting for 2 important news:
1st Core PCE Price Index m/m
2st Revised UoM Consumer Sentiment

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⚡️Gold is recovering,
⚡️DXY is weakening

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⚡️DXY stabilized above 106, gold continued to fall sharply, Will there be a recovery in the fourth quarter?

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⚡️A series of important news awaits us in week 40.

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⚡️ Bond yields, dollar seen pressuring gold further despite retreat

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⚡️Everything is going according to plan

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⚡️ Indicating the rush of investors towards the U.S. currency which has taken on the mantle of stability to currencies in other challenged global economies.

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⚡️Gold price remains under pressure as Fed policymakers see one more interest rate hike this year.

AJack_FX

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