Gold analysis for 13/05/24 & 14/05/24
Updated
According to my analysis and according to what you taught me, Tamas :
Scenario 1 :
If CPI comes negative on Wednesday, it could lead to deflation concerns, which might prompt the Federal Reserve to consider cutting interest rates to stimulate economic activity and prevent deflationary pressures. A negative CPI could indicate a decrease in the general price level of goods and services, potentially signaling weak demand or economic contraction
A decision by the Federal Reserve to cut interest rates could weaken the dollar, as lower interest rates typically make a currency less attractive to investors seeking higher yields. This could lead to a depreciation of the dollar index, which measures the value of the dollar against a basket of other currencies
Gold prices may rise in response to a potential interest rate cut by the Federal Reserve. Lower interest rates typically decrease the opportunity cost of holding non-interest-bearing assets like gold, making it more attractive to investors. Additionally, concerns about inflation and currency depreciation amid monetary easing measures could further support gold prices , Gold may Target 2394-2400
Scenario 2:
A positive CPI indicates an increase in the general price level of goods and services, suggesting inflationary pressures. This could lead to concerns about the purchasing power of the currency and potential future interest rate hikes by the Federal Reserve to curb inflation
If the PPI also shows an increase on Tuesday, it could reinforce inflationary expectations, indicating rising costs for producers. This might further support the case for potential interest rate hikes by the Federal Reserve to address inflationary pressures
Technical Analysis :
We're currently in Correction Wave , and Expecting Price to Pump for Gold target 2394-2401
Advice : please always use a propre risk management this is my analyse and good luck
Make sure if you like my Analysis to boost up my post and Comment
Scenario 1 :
If CPI comes negative on Wednesday, it could lead to deflation concerns, which might prompt the Federal Reserve to consider cutting interest rates to stimulate economic activity and prevent deflationary pressures. A negative CPI could indicate a decrease in the general price level of goods and services, potentially signaling weak demand or economic contraction
A decision by the Federal Reserve to cut interest rates could weaken the dollar, as lower interest rates typically make a currency less attractive to investors seeking higher yields. This could lead to a depreciation of the dollar index, which measures the value of the dollar against a basket of other currencies
Gold prices may rise in response to a potential interest rate cut by the Federal Reserve. Lower interest rates typically decrease the opportunity cost of holding non-interest-bearing assets like gold, making it more attractive to investors. Additionally, concerns about inflation and currency depreciation amid monetary easing measures could further support gold prices , Gold may Target 2394-2400
Scenario 2:
A positive CPI indicates an increase in the general price level of goods and services, suggesting inflationary pressures. This could lead to concerns about the purchasing power of the currency and potential future interest rate hikes by the Federal Reserve to curb inflation
If the PPI also shows an increase on Tuesday, it could reinforce inflationary expectations, indicating rising costs for producers. This might further support the case for potential interest rate hikes by the Federal Reserve to address inflationary pressures
Technical Analysis :
We're currently in Correction Wave , and Expecting Price to Pump for Gold target 2394-2401
Advice : please always use a propre risk management this is my analyse and good luck
Make sure if you like my Analysis to boost up my post and Comment
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🏛 New York Fed: Short-term inflation expectations rise to 3.3% Everyone is waiting now for PPI Data & Jerome speaks after that , maybe he could give some Infos about how CPI could be tomorrow we'll see
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