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Gold will knock 2700 confirm read the caption There hasn’t been any catalyst this week for the rally in gold although we had a key technical breakout which might have increased the bullish momentum. The lack of bearish catalysts though is helping to keep the bid going as the market has finished to reprice the aggressive rate cuts expectations that weighed on gold in the past weeks as it contributed to lift real yields. In fact, in the bigger picture, gold remains in a bullish trend as real yields will likely continue to fall amid the Fed’s easing cycle. The pullbacks will likely be triggered by a repricing in rate cuts but unless the Fed’s reaction function changes, the uptrend should remain intact
OANDA:XAUUSDLong
by Mrsam36
This XAUUSD rally still seems to have a lot of momentum.According to the World Gold Council (WGC), the weakening USD was the main factor driving the XAUUSD higher, as the Fed's big rate cut caused the USD to decline significantly. Rising geopolitical risks with the worsening situation in the Middle East also boosted safe-haven buying. The biggest drag on XAUUSD last month was the "momentum factor". A higher XAUUSD in the previous month tends to put downward pressure on the price in the following month and vice versa. Other gold pairs also recorded strong gains.
TVC:GOLD
by NicoTradingMaster
Usdchf dropping area confirm sell read the caption week ago today, the USDCHF made a break to the upside and out of the "Red Box" that had confined the pair going back to August 20. The US jobs report was the catalyst for the move higher, but by Monday, the price fell back to the high of that "red box" and even moved within the topside edges of it. Sellers should have entered on that breach, but the momentum was very modest, and sellers turned back to buyers into Tuesday and reached session - and week - highs on late Wednesday and into Thursday's trade. Those highs reached a swing area between 0.86078 and 0.8619. The high price reached 0.86067.
by Mrsam36
USD/CHF: Navigating Demand Zones and Market SentimentLast Friday, USD/CHF dropped to a daily low of 0.8375 before rebounding in Monday’s European session, with the current price around 0.84585 as I write this article. The initial decline in the US Dollar came after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which provided less-than-positive signals. However, the dollar regained strength following encouraging results from the Final Services PMI, ISM Services PMI, and Crude Oil Inventories, all of which had a positive impact. From a technical perspective, the analysis remains consistent with last week’s outlook, where we see a potential USD rebound against CHF, as the pair continues to trade within a strong demand zone, with retail traders heavily shorting. Looking at seasonality over the past 10 years, there is a historical tendency for an increase in value for this pair around this time. However, given the pre-election period in the US and shifting economic factors, extra caution is advised during this phase. ✅ Please share your thoughts about USD/CAD 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.
Long
by FOREXN1
6
XAU price increased in early US sessionWorld gold prices increased, approaching the historical high of 2,531 USD/ounce (set on August 20), due to the demand for safe havens after the military conflict between Israel and Hezbollah last weekend. In addition, experts believe that the gold price increase has not ended yet, because the US Federal Reserve (Fed) is about to begin a monetary policy easing cycle. Recent moves by the Fed show that officials of the US Central Bank clearly support a policy pivot at the next meeting. The Fed Chairman emphasized that it is time to cut interest rates. This information continues to create confidence for investors as the direction of gold prices becomes clearer.
OANDA:XAUUSD
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
AUDUSD ( TRADING BELOW TURNING LEVEL ) ( 4H )AUDUSD HELLO TRADERS If the price trades below the turning level, it indicates downward pressure towards the first support zone. However, if the turning level is broken and the price stabilizes above the channel, the upward movement will likely become active, targeting the first resistance level. Tendency , the price is under downward pressure , until trading below turning level around 0.667 . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.101 , leading to rise that could reach the resistance level (1) at 0.675 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 0.679 and 0.685 . Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at 0.659 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 0.651 and 0.643 CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 0.667 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 0.675 ,0.679 , 0.685 . SUPPORT LEVEL : 0.659 , 0.651 , 0.643 .
Short
by ArinaKarayi