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XAU market awaits US CPI newsXAU Markets Await US CPI News The DXY Index rose 0.3%, reducing the appeal of holding the precious metal. The market is pricing in a 67% chance of a 25bps rate cut by the Fed and a 33% chance of a 50bps rate cut Fed Chairman Jerome Powell last week backed the start of rate cuts next month, while expressing confidence that inflation could hit its 2% target. A report on Tuesday showed that while US consumer confidence rose to a six-month high in August, Americans were also growing more concerned about the labor market.
OANDA:XAUUSD
by TrategySherpa
Gold faces pressure from investors when in high positionWhile investors are also cautious about how hawkish the Fed will be Caution and profit-taking pressure may be factors that prevent gold from continuing to rise. However, many recent forecasts show that the medium and long-term trend of gold is still quite bright. Demand for this commodity is forecast to increase. Major funds in the world are also increasing their gold reserves According to technical analysis, gold prices still tend to increase strongly in the short term
TVC:GOLD
by TrategySherpa
XAU tends to fall as investors take profitsGold prices surged in the first session of the week after Federal Reserve Chairman Jerome Powell delivered a historic speech at the Jackson Hole conference, marking a reversal in US monetary policy. Accordingly, Mr. Jerome Powell signaled that "it is time to adjust policy", reducing interest rates to support the economy. According to Mr. Powell, inflation has gradually decreased closer to the 2% target, while expressing concerns about the US labor market. The USD immediately fell sharply, thereby pushing gold prices up.
OANDA:XAUUSD
by TrategySherpa
Fed rate cut expectations unlikely to materializeSpot gold rose 0.3% to $2,518.forty seven an oz., barely underneath its preceding top of $2,531.60 an oz. hit closing week. US gold futures additionally rose 0.3% to $2,555.20. Interest charge expectancies and safe-haven call for on Middle East tensions may want to push gold better withinside the quick term, with XAU/USD forecast to go towards $2,six hundred an oz.. China`s latest halt in gold purchases has weighed at the valuable metal. However, Grant stated that although China does now no longer return, primary financial institution call for remains robust and could remain robust.
TVC:GOLD
by TrategySherpa
Rate cut expectations and geopolitical concernsSpot gold rose 0.3% to $2,518.47 an ounce, slightly below its previous peak of $2,531.60 an ounce hit last week. US gold futures also rose 0.3% to $2,555.20. Interest rate expectations and safe-haven demand on Middle East tensions could push gold higher in the short term, with XAU/USD forecast to head towards $2,600 an ounce. China’s recent halt in gold purchases has weighed on the precious metal. However, Grant said that even if China does not return, central bank demand is still strong and will continue to be strong.
OANDA:XAUUSD
by TrategySherpa
Gold likely to hit 2600Gold expenses fell however remained close to their current document highs, supported through a weaker US greenback and growing expectancies of a price reduce on the September assembly following dovish remarks from Federal Reserve Chairman Jerome Powell. Traders have now completely priced in a price reduce subsequent month, with a 64% threat of a 25 foundation factor reduce and a 36% threat of a 50 foundation factor reduce, consistent with the CME FedWatch tool. Zaner Metals senior metals strategist Peter A. Grant stated that price expectancies and safe-haven call for because of issues approximately Middle East tensions may want to push gold expenses better withinside the quick term, and forecasted that XAU/USD may want to pass towards $2,600/ounce.
TVC:GOLD
by NicoTradingMaster
The gold rally is not over yet, because FEDCurrently, according to the CME FedWatch tool, the market is 36.5% certain that interest rates will be cut by 50 basis points at the monetary policy meeting next month. Experts said that the move to loosen monetary policy will have a negative impact on the USD, which is good support for the upward trend of gold prices. The biggest risk for the precious metal market in the coming time is inflation data, focusing on the US personal consumption expenditure (PCE) index in July. If inflation decreases, it will strengthen the possibility of the Fed easing monetary policy. Conversely, if inflation increases, it will be a drag on precious metals.
TVC:GOLD
by TrategySherpa
gold short term trading strategyLower bond yields appropriately mirror the weakening of the macro economy. He additionally mentioned that now no longer best have jobs been lost, however even white-collar, extraordinarily professional jobs have now no longer multiplied a good deal during the last year. Investors had been amazed with the aid of using a dovish speech at Jackson Hole. The inventory marketplace reacted undoubtedly after Powell`s speech, attaining close to report highs. However, investors had been nevertheless amazed due to the fact Powell's speech went past what they expected. The Fed is probably to reduce costs with the aid of using 25 bps in September, and probably even 50 bps, relying on how the August jobs document performs out. More importantly, the transition from monetary stimulus to economic stimulus has despatched bond yields plunging, down eighty bps considering Hartnett commenced recommending bond shopping for in May. While retail income may also have multiplied in nominal terms, they've slightly grown in actual terms—that is, after eliminating the effect of inflation—which shows a weakening in client spending and spending withinside the present day monetary environment.
TVC:GOLD
by TrategySherpa
XAU continues to increase in the coming timeGold Just Overtakes EUR to Become World's Second-Largest Reserve Asset Fed Prepares to Cut Rates. Meanwhile, gold has risen to become the world's second-largest reserve asset, surpassing EUR, thanks to strong demand from central banks. Investors Surprised by Dovish Speech at Jackson Hole. Stocks reacted positively to Powell's speech, hitting near record highs. However, traders were still surprised by Powell's speech, which went beyond what they expected. The Fed is likely to cut rates by 25 bps in September, and could even cut by 50 bps, depending on how the August jobs report goes. More importantly, the transition from fiscal stimulus to monetary stimulus has sent bond yields plunging, down 80 bps since Hartnett started recommending bond buying in May.
OANDA:XAUUSD
by TrategySherpa
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.
OANDA:XAUUSD
by NicoTradingMaster
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we gave the resistance levels above and said if they held, we would see an opportunity to attack the support levels of 2470-75. It’s that support level we wanted to the long trades up into the 2520 and above that 2530 levels for the week. We gave KOG’s bias of the week and bullish above with target levels 2510 (complete), 2525 (complete) and 2540 which hasn’t been achieved as yet. We completed numerous gold targets, the red box strategy gave us some extremely decent entries and exits for the scalps and once again, we managed to trade this following it’s path. So, what can we expect from the week ahead? We’ve had a nice close which hasn’t quite confirmed a further move upside as yet, so we’ll play the bank holiday with caution. We would like to see how price reacts at the 2520-22 region, and if rejected, there is potential there for this to correct back down into the 2500-5 price region. It’s this support level that is important, if held, we see an opportunity to then long back up towards the 2530-35 region as the first target. It's those higher levels, 2530-35 and above that 2540 that we want to keep an eye on. If we see any sign of a structure change there, we'll want to short this again. For this week we want to play a little defence on the markets, as it’s a bank holiday week and the last week of the trading month. The weekly and monthly close are really important to determine future price on this precious metal, so please, if you’ve followed us, you should have had a decent month, take a little step back this week and monitor price. We’ll be looking at key and extreme levels expecting the repercussions of Jackson Hole on Tuesday onwards. KOG’s bias of the week: Bullish above 2490 with targets above 2420 and above that 2430-35 Bearish on break of 2490 with targets below 2465 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
NZD/USD Approaches Resistance: Are Shorts the Next Move?The NZD/USD pair has reached a key supply area around 0.6168, which coincides with a significant resistance zone on the daily timeframe. This area has attracted attention due to the confluence of several technical and fundamental factors. According to the latest Commitment of Traders (COT) report, retail traders are increasingly taking long positions in the pair, while fund managers are moving in the opposite direction, positioning themselves short. Additionally, commercial traders, who typically represent larger institutional players, are beginning to reduce their long positions, suggesting a shift in market sentiment. This shift aligns with broader market indicators, including seasonality patterns and oscillator readings, which both support the case for a potential short setup. The seasonality analysis indicates a period of historical weakness for the NZD/USD pair, while oscillators suggest that the recent upward momentum may be losing steam. Given these factors, the supply area around 0.6168 presents a compelling opportunity for traders looking to capitalize on a potential downward move. The combination of technical resistance, COT positioning, and seasonal trends all point towards a possible short setup in the near term. As always, traders should monitor these levels closely and consider risk management strategies to navigate the evolving market conditions. ✅ Please share your thoughts about NZD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD Soars to 2024 Highs as Fed Rate Cut Speculation GrowsThe EUR/USD pair extended its rally for the fourth consecutive day, reaching new 2024 highs around 1.1170. This surge has been fueled by continued weakness in the US Dollar (USD), which has been under pressure as market sentiment shifts. The US Dollar Index (DXY), a measure of the USD’s strength against a basket of major currencies, fell below the critical 101.00 level for the first time since December 2023. This decline was exacerbated by the release of the Federal Open Market Committee (FOMC) Minutes, which hinted at the possibility of an interest rate cut by the Federal Reserve (Fed) in September. From a technical perspective, the EUR/USD pair bypassed its first supply area without a significant rebound and is now approaching the second supply zone, a key area where a potential sell reversal is being closely monitored. The latest Commitment of Traders (COT) report reveals an interesting divergence: retail traders remain bullish on the pair, while commercial traders and large funds appear to be positioning themselves for a move in the opposite direction. The likelihood of a rate cut has been a focal point for traders. The CME Group’s FedWatch Tool currently shows nearly a 60% chance of a 25 basis point reduction at the Fed's September 18 meeting, a slight decrease from around 70% the previous day. Despite the FOMC Minutes supporting the possibility of lower rates as early as next month, Fed Governor Michelle Bowman urged caution, suggesting that rate reductions should be gradual if inflation aligns with the Fed’s 2% target. Her comments indicate a desire to avoid an overly restrictive monetary policy that could stifle economic growth. Should the Fed opt for more substantial rate cuts, the policy gap between the Fed and the European Central Bank (ECB) could narrow in the medium to long term. This convergence may further support the EUR/USD pair, particularly as market participants expect the ECB to implement two additional rate cuts this year. Such a scenario could provide additional upward momentum for the EUR/USD, pushing it even higher in the coming months.
Short
by FOREXN1
1
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.
OANDA:XAUUSD
by TrategySherpa