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World gold prices plummeted as the USD continued to demonstrate Gold charges stay inspired specially through US hobby fee expectations. And the stableness in latest classes displays the dearth of robust alerts at the Fed`s economic coverage. World gold spot charge stands round 2,318.7 World gold charges plummeted because the USD persevered to illustrate its electricity in comparison to maximum different currencies withinside the world Gold charge dropped sharply specially because of the boom in USD charge. DXY index The Fed nevertheless follows the fashion of delaying hobby fee cuts to await US macro alerts, specially inflation data. Investors are expecting statistics approximately the private intake expenditure charge index (PCE), anticipated to be introduced this Friday. This is an crucial degree of the fitness of the United States economy, utilized by investors, economists and policymakers to assess the effectiveness of economic coverage and forecast trends. destiny monetary direction.
TVC:GOLDShort
by TrategySherpa
The USD regained its form with most other currencies in theworldUSD demonstrated its strength compared to most other currencies in the world, causing XAU to fall deeply World gold spot price stands around 2,318.7 World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world Gold price dropped sharply mainly due to the increase in USD price. DXY index The Fed still follows the trend of delaying interest rate cuts to wait for US macro signals, especially inflation data. Investors are waiting for information about the personal consumption expenditure price index (PCE), expected to be announced this Friday. This is an important measure of the health of the US economy, used by investors, economists and policymakers to evaluate the effectiveness of monetary policy and forecast trends. future economic direction.
OANDA:XAUUSDShort
by TrategySherpa
XAU increases risk of sell-offWorld gold prices increased thanks to the weakening USD. Analysts say that gold still maintaining its price above 2,300 USD/ounce is a positive signal for the market. However, some other analysts believe that, in an increasingly unstable environment, any unfavorable signals for gold will lead to a sell-off in the market, causing prices to fall very deeply. Although gold's rise has slowed, many analysts believe that the factors that have supported the precious metal in recent times have not disappeared. In particular, concerns related to geopolitical instability are still a factor of concern for the market, especially before the US election in November. Geopolitical instability is also causing the USD reserves of countries around the world to be shrinking and that is also the threat of global inflation remaining at high levels.
OANDA:XAUUSD
by TrategySherpa
Retail investors are increasing their access to the gold marketWorld gold fees expanded way to the weakening USD. Analysts say that gold nonetheless keeping its rate above 2,three hundred USD/ounce is a tremendous sign for the market. However, a few different analysts accept as true with that, in an an increasing number of risky environment, any negative indicators for gold will cause a sell-off withinside the market, inflicting fees to fall very deeply. Although gold`s upward push has slowed, many analysts accept as true with that the elements which have supported the treasured steel nowadays have now no longer disappeared. In particular, issues associated with geopolitical instability are nonetheless a issue of subject for the market, mainly earlier than americaA election in November. Geopolitical instability is likewise inflicting the USD reserves of nations round the arena to be shrinking and this is additionally the chance of world inflation ultimate at excessive levels.
TVC:GOLD
by TrategySherpa
XAUUSD : Gold will recover after falling in priceXAU/USD is fluctuating around 2,325 USD/ounce. World gold prices moved sideways as investors waited for US inflation data, expected to be released later this week with the focus on the US core PCE index. This makes investors increase their expectations that the Fed will soon reduce interest rates in the next few months, supporting gold - a non-yielding asset. SPDR Gold Shares fund sold a net 2.88 tons of gold on June 24, reducing its holdings to 829.05 tons.
OANDA:XAUUSD
by SantaTradeGold
XAU is preparing steps for recoveryXAU/USD is fluctuating around 2,325 USD/ounce. World gold prices moved sideways as investors waited for US inflation data, expected to be released later this week with the focus on the US core PCE index. This makes investors increase their expectations that the Fed will soon reduce interest rates in the next few months, supporting gold - a non-yielding asset. Analysts predict that, later this week, the US core personal consumption expenditure index report for May will be released. If the data is weaker, it may increase the possibility of the US Federal Reserve (Fed) ) early interest rate cuts in 2024 will support precious metals. On the contrary, higher-than-expected data will cause gold to fall deeper.
OANDA:XAUUSD
by NicoTradingMaster
AUD/CHF Short, EUR/USD Short and EUR/NZD ShortAUD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
NZD/JPY Short, EUR/AUD Long and AUD/CHF ShortNZD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/AUD Long Minimum entry requirements: • 1H impulse up above area of value. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
EUR/USD Bullish Outlook Following Double Bottom ReactionFollowing our previous analysis, the EUR/USD pair showed a notable reaction to the double bottom pattern we forecasted on Friday. The price bounced off the 1.06800 level, indicating a potential continuation of the bullish impulse. This movement is further supported by the lack of high-tier data releases from the US economic docket in the second half of the day, which means that the USD's valuation is unlikely to be driven by new economic data. As a result, investors are expected to respond primarily to changes in risk perception. On Friday, PMI data from the US indicated that business activity continued to expand at a robust pace in June. This data helped the US Dollar (USD) maintain its strength ahead of the weekend, preventing the EUR/USD pair from gaining significant traction. Given these factors, we anticipate a continuation of the bullish trend for EUR/USD. We will continue to monitor market developments closely and adjust our strategy as necessary to capitalize on this potential upward movement.
Long
by FOREXN1
1
USD will be under pressure when the Fed will soon cut interestThe spot price of gold on the international market suddenly decreased when the US announced negative economic data, but in the evening session of June 5, gold fluctuated according to the rules. The report notes that the US economy saw modest job growth across the board, across all sectors. However, the biggest decline was in the manufacturing sector. The sector lost 20,000 jobs last month. Previously, the US also recorded a decline in consumer activity, with retail sales in April much lower than expectations, thereby slowing down the country's economy. With a weaker economy, the US Federal Reserve (Fed) may have to cut interest rates soon after a long delay. The USD will therefore be under downward pressure, thereby pushing gold prices up. However, the USD is still quite firm, almost not decreasing following the signal of the possibility of the Fed soon reducing interest rates.
TVC:GOLD
by TrategySherpa
XAU increases again, the trend will fluctuate stronglyThe market is interested in some economic news that affects gold such as the core PCE price index report for May, June consumer confidence index, May home sales,... Experts think gold will increase, 5 experts predict a decrease and 4 choose to move sideways. Gold appears to be in for the summer doldrums, but more volatility is still possible. USD remains high, interest rates increase, which may put pressure on gold. The market is concerned about the election and interest rates in Europe. According to experts, basically political instability is still beneficial for gold but it will take a while longer.
OANDA:XAUUSDShort
by TrategySherpa
XAUUSD : Gold cools down after strong growthXAU/USD is moving sideways and fluctuating around 2,324 USD/ounce. After a volatile week, the world gold market is expected to stabilize this week with few important new data released. The most awaited information by the market is the core PCE index report expected to be published at the end of the week. This report is expected to create strong volatility in the market, if weaker data could increase the possibility that the Fed will lower interest rates in 2024 and will support the precious metal. On the contrary, "hotter" inflation than expected will cause XAU/USD to fall deeper.
OANDA:XAUUSD
by SantaTradeGold
EUR/AUD Long and AUD/JPY ShortEUR/AUD Long Minimum entry requirements: • 1H impulse up above area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, risk entry within it or reduced risk entry on the break of it. AUD/JPY Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, risk entry within it or reduced risk entry on the break of it.
by StewySongs
The Fed will cut interest rates in Septemberbuyers are presently pricing in approximately a 64% hazard that the Fed will reduce hobby fees in September. Lower hobby fees lessen the possibility price of keeping non-couponing bullion. World gold fees multiplied today (June 21) while the United States launched the state-of-the-art financial information displaying the possibility that the United States Federal Reserve (Fed) will keep better hobby fees for an extended length of time. The state-of-the-art information launched with the aid of using the United States on Thursday (June 20) confirmed that the wide variety of Americans making use of for brand spanking new unemployment blessings reduced withinside the week finishing June 14. Employment stays strong, elevating the possibility that the United States Federal Reserve (Fed) might also additionally keep better hobby fees for longer. According to the CME FedWatch tool, buyers are presently pricing in approximately a 64% hazard that the Fed will reduce hobby fees in September. Lower hobby fees lessen the possibility price of keeping non-couponing bullion.
TVC:GOLDShort
by TrategySherpa
XAU surged as the US released new economic dataWorld gold prices increased today (June 21) when the US released the latest economic data showing the prospect that the US Federal Reserve (Fed) will maintain higher interest rates for a longer period of time. The latest data released by the US on Thursday (June 20) showed that the number of Americans applying for new unemployment benefits decreased in the week ending June 14. Employment remains strong, raising the prospect that the US Federal Reserve (Fed) may maintain higher interest rates for longer. According to the CME FedWatch tool, traders are currently pricing in about a 64% chance that the Fed will cut interest rates in September. Lower interest rates reduce the opportunity cost of holding non-couponing bullion.
OANDA:XAUUSDShort
by TrategySherpa
Gold analysis week 27The gold market maintained a steady recovery ahead of the weekend, but the overall trend remains unclear as US consumer confidence continues to decline and inflation expectations remain high. The new divergence between the Fed's interest rate forecast and market expectations could bring some volatility to the gold market in the short term. China is the main driving force behind the increase in gold prices over the past year, and China's gold purchases have only been assessed as temporary and there has not been any move to show that they have "stopped". could also be a move to avoid paying a record high purchase price. The market will get some preliminary and regional manufacturing data as well as some US housing data next week. Gold has recovered from the support level of 2,305 - 2,300 USD but in general the recovery momentum is still limited and the downtrend has not been broken yet. The recovery momentum of gold price is limited by the confluence area of ​​technical point 2,340 in the trendline area which is also the nearest peak, followed by resistance level 2355 where gold breaks the bullish structure, As long as gold remains below the 34 EMA and 89 EMA, the technical outlook for gold prices remains bearish, while if gold breaks below $2,324 it will have room for more downside with the following target level. That's around $2,305 - $2,300 in the short term. A new bearish cycle is expected to open once gold breaks below the original price of $2,300, and the target level is then 2286 and then 2270. Support: 2,324 – 2,305 – 2,300 - 2286 Resistance: 2,340 – 2,355
OANDA:XAUUSD
by TVS-Trader
1
XAUUSD : Does gold have the ability to recover strongly?XAU/USD is increasing slightly and hovering around 2,337 USD/ounce. According to American Bank Wells Fargo, this precious metal may continue to consolidate throughout the summer as the market accepts the Fed's tightening policy. In an interview with Kitco News, John LaForge, Director of Real Asset Strategy at the bank, said: "Central banks will continue to buy wine, while also seeing solid upside potential in gold." quarterly through 2025. According to Wells Fargo's mid-year updated price forecast, gold prices are expected to trade between 2,300-2,400 USD/ounce."
OANDA:XAUUSD
by SantaTradeGold
EUR/AUD Long and AUD/CHF ShortEUR/AUD Long Minimum entry requirements: • 1H impulse up above area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, risk entry within it or reduced risk entry on the break of it. AUD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
EUR/USD Faces Pressure, Eyes Potential Bullish RetracementFollowing Wednesday's surge, EUR/USD reversed course and experienced significant losses on Thursday. The pair remains under pressure on Friday, trading at its lowest level since early May, just below 1.0700. This downturn reflects the broader market sentiment and the evolving economic landscape. The shift in risk sentiment helped the US Dollar (USD) gain strength during the American trading hours on Thursday. Additionally, the negative impact of soft inflation data on the USD began to dissipate as investors reassessed the Federal Reserve's policy outlook in light of the hawkish revisions to the Summary of Economic Projections. The Fed's commitment to its current monetary policy stance has provided a boost to the USD, further pressuring the EUR/USD pair. From a technical perspective, the price has reached a strong support area. Here, we observe a double divergence on both the RSI and Stochastic indicators, signaling potential bullish momentum. Furthermore, the price has touched the 78.6% retracement level from the previous swing low, adding to the likelihood of a reversal. These technical indicators suggest that the EUR/USD may be poised for a bullish retracement. Despite the current downward pressure, the EUR/USD pair is showing signs of resilience. The technical indicators provide a hopeful outlook for traders looking for a recovery. The double divergence on the RSI and Stochastic indicators, coupled with the critical 78.6% Fibonacci retracement level, points towards a potential rebound. Traders will be closely monitoring these indicators for confirmation of a bullish trend reversal in the coming sessions.
Long
by FOREXN1
2