XAUUSD | GOLDSPOT | New perspective | follow-up detail [15 - 19]
Updated
In this video, we delve into the recent surge in Gold’s price, breaking above $2,400 on Friday, driven by speculation that the Federal Reserve (Fed) might start its easing cycle in September.
But is this just a temporary spike, or the beginning of a powerful gold bull run? 🤔
To navigate this market, we need to have a deep insight into the market dynamics driving gold's recent surge:
📉 US Yields & Market Reactions
US yields are collapsing, with the 10-year Treasury note yield dropping 10 basis points to 4.187%. This significant movement has set the stage for potential rate cuts by the Fed.
📊 Inflation & Employment Data Insights
Data from the US Bureau of Labor Statistics (BLS) revealed deflation in consumer prices for June. Core prices, excluding volatile items like food and energy, also dipped, reigniting hopes for a Fed rate cut in 2024. The CME FedWatch Tool now shows an 85% chance of a quarter-point rate cut in September, up from 70% just days earlier.
👷 Robust Labor Market
Despite inflation concerns, the labor market remains strong. Unemployment benefit claims came in lower than expected, presenting a balanced Goldilocks scenario where inflation decreases while employment stays robust, with no signs of an impending recession.
🎙️ Federal Reserve Signals
Federal Chair Jerome Powell highlighted labor market risks, noting considerable softening. This, combined with ebbing inflation pressures, opens the door for potential rate cuts by the U.S. central bank in September.
🚀 Future Trends & Market Dynamics
The path of least resistance for Gold is to the upside. But how will the upward momentum unfold? In this video, we provide a detailed understanding of the current market dynamics and a comprehensive plan to capitalize on upcoming opportunities.
XAUUSD Technical Overview:
We took a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is fixed on the key level at $2,390 for the upcoming week. This historically significant mark is poised to steer trading dynamics. If we see sustained momentum above this level, it could fuel further buying interest and potentially pave the way for fresh highs. Conversely, a move below $2,390 might signal a resurgence of bearish sentiment.
Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights!
#GoldAnalysis #ForexTrading #GoldMarket #FederalReserve #TradingStrategy #MarketInsights #USYields #InflationData #EmploymentData #FinancialMarkets #GoldPrice #Investing #TradingTips #ForexEducation📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
But is this just a temporary spike, or the beginning of a powerful gold bull run? 🤔
To navigate this market, we need to have a deep insight into the market dynamics driving gold's recent surge:
📉 US Yields & Market Reactions
US yields are collapsing, with the 10-year Treasury note yield dropping 10 basis points to 4.187%. This significant movement has set the stage for potential rate cuts by the Fed.
📊 Inflation & Employment Data Insights
Data from the US Bureau of Labor Statistics (BLS) revealed deflation in consumer prices for June. Core prices, excluding volatile items like food and energy, also dipped, reigniting hopes for a Fed rate cut in 2024. The CME FedWatch Tool now shows an 85% chance of a quarter-point rate cut in September, up from 70% just days earlier.
👷 Robust Labor Market
Despite inflation concerns, the labor market remains strong. Unemployment benefit claims came in lower than expected, presenting a balanced Goldilocks scenario where inflation decreases while employment stays robust, with no signs of an impending recession.
🎙️ Federal Reserve Signals
Federal Chair Jerome Powell highlighted labor market risks, noting considerable softening. This, combined with ebbing inflation pressures, opens the door for potential rate cuts by the U.S. central bank in September.
🚀 Future Trends & Market Dynamics
The path of least resistance for Gold is to the upside. But how will the upward momentum unfold? In this video, we provide a detailed understanding of the current market dynamics and a comprehensive plan to capitalize on upcoming opportunities.
XAUUSD Technical Overview:
We took a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is fixed on the key level at $2,390 for the upcoming week. This historically significant mark is poised to steer trading dynamics. If we see sustained momentum above this level, it could fuel further buying interest and potentially pave the way for fresh highs. Conversely, a move below $2,390 might signal a resurgence of bearish sentiment.
Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights!
#GoldAnalysis #ForexTrading #GoldMarket #FederalReserve #TradingStrategy #MarketInsights #USYields #InflationData #EmploymentData #FinancialMarkets #GoldPrice #Investing #TradingTips #ForexEducation📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Note
Gold prices began the week on a weaker note due to a resurgence in USD buying. However, expectations that the Fed will cut rates in September may limit the USD's gains, suggesting the need for significant confirmation before committing to a bearish move.Markets are also anticipating further rate cuts in December, which has prevented the USD from fully capitalizing on its modest recovery, providing additional support for gold prices. Furthermore, US political uncertainties, including an alleged assassination attempt on former President Donald Trump, and China's economic woes contribute to a near-term positive outlook for XAU/USD.
Given these developments, we have identified a new structural setup on the 1H timeframe to guide our trading decisions today. We'll discuss this market dynamic in detail during our upcoming live session, which will start earlier than expected. Stay tuned!
Good Morning
Trade active
With two active buy positions in our kitty, Gold prices (XAU/USD) continue to attract buyers amid renewed US Dollar (USD) strength during the Asian session. Despite this, it is worth noting that the prevailing risk-on environment might limit the upside for the safe-haven commodity hence the need to secure some profit at this juncture.However, the near-term outlook for gold remains firmly bullish. This optimism is fueled by the growing consensus that the Federal Reserve will begin lowering interest rates as early as September. This expectation was reinforced by recent statements from Fed Chair Jerome Powell, which have kept US Treasury bond yields low, a positive signal for gold.
The release of the US monthly Retail Sales data today is a key event to watch, as it could provide fresh momentum for the market. As we anticipate the release of the US macroeconomic data, it is prudent to secure some profits. The chart levels remain valid for identifying potential trading opportunities.
Good Morning
Trade closed: target reached
After securing a minimum of 1,350 pips in profit from three buy positions, the Gold price (XAU/USD) hit the TP target yesterday.Gold prices (XAU/USD) experienced a pullback during the Asian session after reaching a fresh record high near $2,482. The condition of the current market dynamic is influenced by various factors which include:
💰 Profit-Taking & Overbought Conditions: The prevailing risk-on sentiment across global equity markets, coupled with overbought conditions on higher timeframes, has triggered intraday profit-taking in Gold resulting in the retracement witnessed on the chart.
🕊️ Dovish Fed Expectations: The pullback currently lacks any fundamental catalyst and is likely to be limited by persistent expectations of a dovish Federal Reserve (Fed). Market participants are increasingly convinced of a rate-cutting cycle starting in September, which is keeping US Treasury bond yields depressed near multi-month lows.
📉 US Dollar Weakness: The weakened US Dollar (USD), due to the dovish Fed outlook, continues to support safe-haven assets like gold. This suggests that any subsequent price declines might be seen as buying opportunities.
Technical Outlook:
While short-term price movements could be influenced by upcoming economic data today, such as the US Industrial Production figures, the overall outlook for Gold remains positive.
As we anticipate the release of the US Industrial Production figures for short-term impetus, we have a new trading setup to guide our decisions for the second half of the week. Join us during our upcoming live session to discuss this in detail. See you soon!
Good Morning
Trade active
#XAUUSDUpdate from the just concluded live session.
Trade active
#XAUUSDThree buy positions active; secure some profit
Trade active
After closing out yesterday's buy positions in profit, we have identified a new development on the chart. This information was shared on the GO GOLD CHALLENGE platform on YouTube before going to bed last night.Gold prices continue to trend upwards, driven by growing optimism surrounding a potential interest rate cut by the Federal Reserve (Fed) in September. Recent statements from Fed officials, including Governor Christopher Waller and Richmond Fed President Thomas Barkin, suggest a growing consensus on the need for easing monetary policy as inflation shows signs of cooling.
Market Data:
CME Group's FedWatch Tool currently indicates a 93.5% probability of a 25-basis point rate cut at the September Fed meeting, up from 69.7% a week earlier. This reflects a significant shift in market expectations towards a more dovish Fed stance.
Technical Analysis:
While the recent rebound of the US dollar, fueled by rising US Treasury yields, may pose a potential headwind to further gold price gains, a newly identified bullish structure on the chart presents a promising trading opportunity. This structure will serve as the primary guide for today's market activity.
Important Note:
A live stream session on the GO GOLD CHALLENGE platform may be scheduled to discuss real-time trading opportunities. Stay tuned for updates and announcements.
Good Morning
Note
Gold prices are undergoing a further correction from their record high, largely due to continued USD buying. The US dollar (USD) builds on the previous day's solid recovery, which is a key factor dragging the commodity lower.However, it is worth noting that market participants are increasingly convinced that the Federal Reserve will initiate interest rate cuts in September, with expectations for two additional cuts by year-end. Now, The current focus is on how far the recent profit-taking will push prices down before market participants find the price of gold attractive enough to resume the uptrend. Wwhile the current risk-off environment may provide some support for gold as a safe-haven asset, geopolitical tensions and ongoing central bank demand could limit significant downside.
Technically, a new chart structure has emerged. The ascending trendline remains a crucial support level guiding our trading decisions today. We are currently monitoring for potential reversal setups to join the uptrend. However, a breakdown/retest of the ascending trendline and the temporary demand zone could signal selling opportunities. We will discuss the current market dynamics in detail during our upcoming live session. See you soon!
Good Morning
Note
#XAUUSDA new structural setup is identified on the 15 time frame ahead of the NY session.
NB: All levels identified on the 1H Timeframe during our live session this morning remain valid for entries.
Trade active
#XAUUSDSecure position
Trade closed manually
After being taken out of the sell position; buy pressure resumes within the demand zone
Trade smart. Trade consciously
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