GOLD ANALYSIS 27/06/24
Updated
Current Gold Price Trends:
Gold is currently trading around $2,328.135, having rebounded from $2,315 due to a weaker US Dollar and declining US Treasury yields
The anticipation of Federal Reserve rate cuts this year supports the bullish sentiment for gold [1].
Impact of Core PCE Index on Gold:
The Core PCE Price Index, a key inflation measure, will be released tomorrow. This data can significantly influence gold prices as it shapes Federal Reserve policies
A higher-than-expected Core PCE Index could indicate persistent inflation, potentially leading to higher Treasury yields and a stronger US Dollar, which may exert bearish pressure on gold prices [6].
Conversely, a lower-than-expected Core PCE Index may suggest slowing inflation, prompting expectations for Federal Reserve rate cuts, thereby supporting bullish momentum for gold
Technical Analysis from the Screenshot:
The chart shows key resistance levels at 138.00% ($2,397.895), 161.80% ($2,416.014), and 175.00% ($2,426.064) Fibonacci retracement levels for bullish scenarios.
Key support levels for bearish scenarios are indicated at 138.00% ($2,257.790), 161.80% ($2,238.630), and 175.00% ($2,228.003) Fibonacci retracement levels.
If the Core PCE Index is extremely low, gold may break above the resistance levels; if it is extremely high, gold may break below the support levels.µ
Reminder : i will update with news , possible entries Stay Tuned and Support me & Max Share and Boost Brothers & Sisters Love to help you all
Gold is currently trading around $2,328.135, having rebounded from $2,315 due to a weaker US Dollar and declining US Treasury yields
The anticipation of Federal Reserve rate cuts this year supports the bullish sentiment for gold [1].
Impact of Core PCE Index on Gold:
The Core PCE Price Index, a key inflation measure, will be released tomorrow. This data can significantly influence gold prices as it shapes Federal Reserve policies
A higher-than-expected Core PCE Index could indicate persistent inflation, potentially leading to higher Treasury yields and a stronger US Dollar, which may exert bearish pressure on gold prices [6].
Conversely, a lower-than-expected Core PCE Index may suggest slowing inflation, prompting expectations for Federal Reserve rate cuts, thereby supporting bullish momentum for gold
Technical Analysis from the Screenshot:
The chart shows key resistance levels at 138.00% ($2,397.895), 161.80% ($2,416.014), and 175.00% ($2,426.064) Fibonacci retracement levels for bullish scenarios.
Key support levels for bearish scenarios are indicated at 138.00% ($2,257.790), 161.80% ($2,238.630), and 175.00% ($2,228.003) Fibonacci retracement levels.
If the Core PCE Index is extremely low, gold may break above the resistance levels; if it is extremely high, gold may break below the support levels.µ
Reminder : i will update with news , possible entries Stay Tuned and Support me & Max Share and Boost Brothers & Sisters Love to help you all
Comment
🔴 4 hours until we face President Biden and former President Trump in the first presidential debate on CNN in 4 hours.🔥 The eyes of the world are turning to #the_United_States to follow the first debate between #Biden and #Trump during the US presidential race, which may shape the attitudes of American voters.. 🇺🇸
Comment
🌍 Important regarding the debate between (Trump) and (Biden) and its direct impact on the movement of everything that is priced in US dollars, especially gold.. 🏅✨ Trump’s slogan: America first.
✨ Biden’s slogan: America 🇺🇸 is back.
1️⃣ Mentioning the word that interest on the dollar must be reduced in order for the economy to move (positive for gold and negative for the dollar).
2️⃣ He mentioned any military intervention by America externally (positive for gold) and stated that America has no reason to assist any foreign country militarily (negative for gold).
3️⃣ If it was mentioned by Trump that he will support reducing taxes and reducing customs duties, in order to support the American economy (negative for gold and positive for the dollar).
4️⃣ Mention of any development in America’s nuclear arsenal or increase in the strength of the American army (positive gold).
5️⃣ Mention of any attack by Trump on America’s military confrontation against Russia 🇷🇺 or China 🇨🇳 (strongly positive for gold).
Trade active
SELL NOW GOLD ENTRY :2336.37
SL : 2340.31
TP : 2332.71
1:1 RISK USE PROPRE RISK PLEASE
Comment
45 PIPS CLOSED DONE FOR THE WEEK ENJOY YOUR PROFITS 🔥🔥🔥🔥🔥Comment
We're Back Guys New Week New Bag Lemme tell you something i suggest you dont sell Gold unless you're scalping on this week , only if gold break Golden zone " 2316.778-2311.212 " , Im Doing buy limit right on that Zone
Be prepared for the Big move comming up this week its Good for gold thats my Analysis if price break golden zone then all what i've said forget it xd
Trade active
🔵BUY LIMIT GOLD 🔥SWING TRADE🔥🔻Entries : " 2313.960 , 2311.635 "
🔻SL : 2302.969
🔻TP 1 : 2323.711
🔻TP 2 : 2328.489
🔻TP 3 : 2348.373
🔻TP 4 : 2357.468
🔥 USE PROPRE RISK BETTER 1% ! 📝
Comment
🌍 Notice:• This week the market will be very active and very volatile.. Heavy data is crowded.. 🔥🌎
• Strong movements will begin on Tuesday and Wednesday and then intensify on Friday with jobs, unemployment and wages data.
👈 Therefore, we will witness severe fluctuations, so be very careful.
🌟 We ask you to be cautious and adopt the principle of strict capital management.
Comment
🔴This week will be very important in terms of economic data, so here are the highlights of what is coming:•On Monday afternoon, the Purchasing Managers’ Index (PMI) statement for the US manufacturing sector will be released.
• On Tuesday afternoon, the markets will await a speech by US Federal Reserve Chairman Jerome Powell, and after that, the US job opportunities statement will be issued.
• Wednesday will be very important, as a statement on the change in US non-agricultural private sector jobs will be issued in the afternoon. Then, the Purchasing Managers’ Index statement for the US services sector will be issued, and in the evening the US Federal Reserve’s minutes will be issued.
• Thursday will be an official holiday in the United States on the occasion of Independence Day, and there will be no important economic data.
• Friday will be an earthquake on the markets, as jobs, unemployment, and wages data from the United States of America will be released this afternoon.
Comment
🔴 Here are the most notable developments:• The Japanese government announces a deepening contraction in its economy in the first quarter. This is considered shocking news for the third largest economy in the world.
• This news caused the yen to fall against other currencies, as every 1 US dollar became equal to 161 yen.
• The euro opens with a rising price gap, with the National Rally led by Marine Le Pen advancing in the first round.
• Today, the financial markets are awaiting the release of the Purchasing Managers’ Index statement for the US manufacturing sector at 5:00 Saudi time.
Trade active
Im Still Holding Pending Buys for Gold Patience Guys Its still valid 💪🔥🔥🔥💪🔥🔥🔥Comment
🔥📊 One of JPMorgan's top strategists warned that the S&P 500 index was threatened with a decline of approximately 23% from current levels.• He stated that 4200 levels will be a main target for the index...
👈 He said that waterfalls of blood are coming to sweep away the stock markets and indices!
Comment
🟥 Tucker Carlson: Currently, Trump is not only the Republican nominee, but he is the presumptive next president, due to the inevitability of Biden losing the upcoming elections.🌟 Mostly positive indicators 🔥
Trade active
🔵 Buy now GOLD " SCALPING TRADE " 🔥🔥🔥🔹 Entry : 2320-2319
🔹SL : 2317.61
🔹TP1 : 2321.97
🔹TP2 : 2323.25
⚪️USE PROPRE RISK & LOT SIZE ❗️❗️
Trade active
Gold 1st Entry Activated & 10 pip Move , At 20 pip im gonna Secure 80% Then BE 🔥🔥🔥🔥🔥🔥🔥🔥🔥Trade active
1St & 2ND 60 pips MOVE CLOSED FULL 👌 😂👌 😂Order cancelled
CLOSED FULL IN PROFIT NOW WE WAIT TILL NEWS + JEROME TALKS Also if you hit your profit daily TARGET please Guys LOWER UR RISKOrder cancelled
🔵BUY LIMIT GOLD 🔥SWING TRADE🔥🔻Entries : " 2313.960 , 2311.635 "
🔻SL : 2302.969
🔻TP 1 : 2323.711
🔻TP 2 : 2328.489
🔻TP 3 : 2348.373
🔻TP 4 : 2357.468
🔥 USE PROPRE RISK BETTER 1% ! 📝
CLOSE THIS TRADE " BUY LIMIT "
Trade active
🔵 BUY NOW GOLD : 🔥🔥 SWING TRADE 🔥🔥🔥 🔹Entry: 2330 - 2327
🔹SL : 2302.969
🔹TP 1 : 2337.696
🔹TP 2 : 2348.475
🔹TP 3 : 2365.689
🔹TP 4 : 2406.914
🔥 USE PROPRE RISK MANAGEMENT ❤️🤑🤑
Trade active
20 PIPS RUNNING 🔥🔥🔥 , Im gonna be OFF PC LONGTERM TRADE TILL FRIDAY LET IT RUN TO OUR TARGETS 🔥🔥🔥 Or SECURE IF YOU OVERRISKED
Trade active
100 PIP RUNNING CONGRATULATION KEEP GOING SECURE IF U WANT & BE 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥Comment
✅ TP 1 SMASHED 👌🤑🤑🤑 ✅ TP 2 ALMOST SMASHED Nothing left 🔥🔥🔥 😍
✅✅WE HIT THE 200+ PIPS GOLD 🔥🔥🔥
Trade active
LIKE I SAID ✅ BE + SECURE LIKE ALWAYS
❗️ Dont Marry with the Trade ❗️
Comment
No Trade Yet Be patient Till NFP i'll Post a Trade For a runner 🔥🔥🔥🔥🔥🔥🔥🔥🔥
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