XAU will continue to increase in the coming timesaid the gold market is focused on the Fed's interest rate cut. Since the beginning of the year, gold prices have increased by more than 20%, as investors expect the Fed to cut interest rates soon.
"Gold prices are still rising despite high interest rates. Data shows that gold prices have been stable for a long time even before the Fed did not cut interest rates
When interest rates decrease, gold tends to increase. Investors see this as a tool to hedge against inflation.
The strong gold market is also thanks to central banks actively buying to reduce dependence on the USD. This positively supports gold prices to reach new peaks.
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New week starting gold down and next gold 2490 strong bullish XAUUSD support 2490 and target 2550
Strong bullish opportunity very to much higher
several making new recovery highs late in the week As reported in three special stock market update reports this past weeks the strong 2 week rally following the
GBPUSD first selling target and next all bullish target let's seGBPUSD s rally accelerated higher last week and the break of resistance confirms larger up trend resumption Initial bias remains on the upside this week for 100% projection of On the downside below minor support will turn intraday bias neutral and bring consolidations before staging another really
Weekly analysis btcusd fall soon opportunity to movement sellBtcusd very easy falling
There are other more fundamental similarities Both gold and Bitcoin can be used as a transactional currency as well as a store of value Neither are controlled by governments and central banks This being the case both gold and Bitcoin come with significantly less counterparty risk than many other asset classes Both assets also have a naturally limited supply
Btcusd fall big fall soon let's see soon I have to down btcusd Btcusd of Bitcoin will come to down let's see Tha Bitcoin where is going on indicate positive trends. A smaller period of consolidation forms the handle after the price first declines and then gradually recovers to form a cup shape. The price usually experiences a significant upward movement after breaking out above the resistance level at the top of the handle
XAU price forecast to continue risingkeep an eye on the Fed's next moves
The initial jobless claims report and S&P Global PMI data will provide further signals on the health of the US economy.
Initial jobless claims for the week ending August 17 are expected to rise to 230K, up slightly from 227K last week. Services activity is expected to contract slightly, while the manufacturing PMI is expected to be flat.
The first resistance level for XAU/USD to conquer is the $2,550 area, followed by the $2,600 mark.
However, if gold fails to hold above $2,500, key support levels will be at $2,483 (July 17 high), followed by $2,450 (May 20 high). In a stronger bearish scenario, deeper support could be the 50-day simple moving average at $2,395.
XAU continues to rise and hit a recordGold resumed its losses today and hovered near an all-time high after minutes from the US Federal Reserve's latest meeting showed officials were strongly inclined to cut interest rates at their September policy meeting. "Gold has the potential to move higher but not accelerate sharply without any unexpected events to spur it," Tai Wong added. "Gold prices closed higher after minutes from the Fed meeting showed 'majority' of the committee is ready to cut interest rates in September"
XAU slightly decreased in this afternoon trading sessionGold expenses had been little modified this morning, the USD weakened and buyers more and more more consider that americaA Federal Reserve (Fed) might also additionally reduce hobby prices in September.
"The essential driving force of the upward thrust in gold expenses has been economic funding demand, particularly as ETF shopping for has stepped forward and universal sentiment has stepped forward on expectancies of a Fed easing cycle beginning in September."
holdings of the world`s biggest gold-sponsored exchange-traded fund, rose to a seven-month excessive of 859 tonnes on August 19.
XAU all time highGold prices were little changed this morning, the USD weakened and investors increasingly believe that the US Federal Reserve (Fed) may cut interest rates in September.
"The main driver of the rise in gold prices has been financial investment demand, especially as ETF buying has improved and overall sentiment has improved on expectations of a Fed easing cycle starting in September."
holdings of the world's largest gold-backed exchange-traded fund, rose to a seven-month high of 859 tonnes on August 19.
Gold buy opportunity very very easy flying big bullish all time Gold has broken above the upper resistance of the dotted blue trend lines as discussed earlier this week Prices are now pushing higher with the target of this move remaining upward This is due to the ascending broadening wedge pattern which indicates significant volatility and supports gold prices above the blue dotted trend line
World gold will reach 2,600 USD/ounce when the Fed cuts interestGeopolitical tensions continue to be a catalyst supporting the gold rally. In today's trading session, XAU/USD is expected to continue to maintain above the 2,500 zone and has the potential to increase further. However, investors should note that if the price closes below 2,499 on the H4 time frame, it could be a sign of a short-term correction.
There is no news for gold today, the current trend is still sideways at 2482 and 2510, it can trade in this price range.
XAU increases sharply to maintain record high priceThe $2,500/ounce level of the precious metal is very difficult to maintain. Because, after reaching a new historical milestone, gold is easily sold off by investors to take profits. Not only that, at such a high price, it is difficult to attract new buyers to the market, also causing this commodity to decrease in price.
The upward trend of gold is still in place and the direction of the precious metal will depend on the policy direction of the US Federal Reserve (Fed).
The balance between economic growth and inflation is reduced, which will strengthen the possibility of a stronger interest rate cut. On the contrary, if he is optimistic and does not make a specific commitment, the market may have to readjust current expectations.
XAU receives strong support from USDWeaker USD Supports Strong XAU Gains
XAU is currently at an all-time high
Although gold has since been hit by a wave of profit-taking from investors, the decline in the USD is providing positive support and halting the decline in the precious metal.
Traders are now looking ahead to the annual Jackson Hole Federal Reserve meeting that begins later this week. In previous years, central bank officials have made market-moving statements at the meeting. Federal Reserve Chairman Jerome Powell is scheduled to speak at the meeting on Thursday morning.
XAU has a long term uptrendGold had a stellar week, with a rally on August 17 pushing the precious metal to an all-time high above $2,500 an ounce and, according to experts, the long-term trend is definitely up. The housing data released this morning was so bad that it pushed market expectations even higher. "It really amplified the gold market and the possibility of a rate cut in September will continue to increase
XAU Could Surpass All-Time HighThis gold buying trend is expected to remain unchanged in the coming period due to the impact of the current economic situation and geopolitical conflicts. At the same time, consumer prices have fallen after hitting a record high, easing pressure on the market.
The focus of gold investors next week is the annual central bank conference at the Fed's Jackson Hole resort. Fed Chairman Jerome Powell will speak on Friday, expected to share the prospect of an upcoming Fed rate cut.
Positive US inflation data in July has paved the way for the Fed to cut interest rates in September. The market predicts the Fed will cut by 0.25 percentage points at this meeting.
XAU surges despite positive news for DXYThe drop in jobless claims suggests the US economy is recovering well, which further strengthens the case for a lower-than-expected interest rate cut by the Federal Reserve in September.
The precious metal, which has been under pressure from the sell-off earlier this week, was further weighed down by the latest inflation report, which dampened market optimism about a September monetary policy pivot.
The US consumer price index (CPI) rose 0.2% in July, compared to a 2.9% increase in the same month last year, according to the US Department of Labor's Bureau of Labor Statistics.
Tai Wong, an independent metals trader in New York, said that a September rate cut was a certainty. However, the latest data disappointed the market by reinforcing the case for a 25 basis point cut, instead of the expected 50 basis points.
$AUDNZD TAKES A DUMP [SELL] INTO MARKET CLOSE.Much-needed price correction for the pair after strong deviation. Expecting the midline between 0.618 and 0.786 Fibonacci levels. I’ve gathered at least five confirmations on four different higher time frames, with smaller time frames only confirming further. ¡Buena suerte, mi gente!
EUR JPY Trade Setup 30 mins timeframe. EUR JPY has formed an head and shoulders pattern on the 30 mins timeframe.
This pattern was formed at the 4 hour resistance level.
Now we need to see a soild candlesticks confirmation pattern before going short.
Don't trade all the time, trade forex only at the confirmed trade setups.
Long term strategy when trading goldAfter gold fell and corrected from the 0.618% Fibonacci extension stage to $2,455, as readers stated in yesterday`s edition, gold has now recovered barely and misplaced its bearish corrective momentum.
In the short, medium and lengthy time period, the technical shape in addition to the fashion continue to be bullish. With gold breaking above the 0.618% Fibonacci stage, it'll open a brand new uptrend. With the short-time period goal at $2,484 (all-time high) and above the preliminary fee of $2,500-2,505.
As lengthy as gold stays above the $2,455-$2,448 area, it'll nevertheless have a bullish short-time period technical outlook and the principle fashion is highlighted through the fee channel and the principle aid stage is highlighted through the EMA21.
For the day, the technical outlook for gold charges stays bullish because the Relative Strength Index continues to be a ways from oversold territory, suggesting there's nevertheless room for boom ahead. And the tremendous fee tiers may be indexed once more as follows.
Support: 2,455 - 2,448 USD
Resistance: 2,471 -2,484-2,500 USD
Focus on the consumer price index (CPI) reportGold prices are currently at a very high level, up about 36% compared to October 2023, so there is always pressure to take profits after each strong increase.
Investors are closely monitoring the conflict in the Middle East. This is still considered a powder keg that can cause tension in the global financial market.
Investors are also paying attention to the US consumer price index (CPI) report, expected to be announced on August 14. This is considered one of the most important indicators that the Fed monitors to make decisions on monetary policy. If the CPI continues to show a downward trend in inflationary pressure, the possibility of the Fed cutting interest rates in the coming months becomes even clearer.
Gold is forecast to reach $2,500/ounce in the second half of the year. This is easier than ever when the price for December delivery has exceeded this threshold. If tensions escalate uncontrollably in the Middle East, gold prices could climb further.