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Gold Targets if the Fed Pauses Rate Hikes Gold has managed to surge its way to US$2,020/oz, taking full advantage of the renewed weakness in the dollar price and treasury yields. Recent data from the US showed a slowdown in the services sector growth, fewer private company job additions than expected in March, and a fall in factory orders for the second consecutive month. This suggests that the economy could be cooling down amid higher interest rates. As a result, the market anticipates that the Fed will keep the funds rate steady next month, following a similar path to the Reserve Bank of Australia which decided to pause its rate hikes this month. Investors have recently increased their bets that the Fed will opt for a pause in its rate hikes after its May 2-3 meeting to approximately 60%, up from around 43% the previous day. Gold is particularly sensitive to the rates outlook because lower interest rates reduce the opportunity cost of holding non-yielding gold. If the Fed does decide to pause rate hikes in May, how might we expect the price of gold to react? Markets see a ~60% probability that the Fed will pause. Target prices could include US$2,027, US$2,032, US$2,036, and US$2,040, with the first two being levels of recent struggle. If we want to look back to the last time that gold was this expensive (March 2022), we might like to consider a couple daily peaks at US$2,070 and US$2,060 as higher targets. The Fed decision is still quite some time away, so some downside risk is of course still present in the meantime.
BLACKBULL:XAUUSD
by BlackBull_Markets
When the Dollar fall each time, Gold increases a few foldsMany got distracted when Gold was trading in a range the last few years. A question for you to ponder over: Will there be a situation where interest rates continue to rise and yet a lower Dollar? Why? Let me hear thoughts, I would love to exchange ideas with you. Included last two videos link below, I explained: i) Gold is still an inflation hedge ii) Gold it is also a currency hedge CME Micro Gold Futures Minimum fluctuation 0.1 = $1 1 = $10 10 = $100 100 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
ICEUS:DX1!Long
by konhow
Gold-XAUUSDLong-term gold analysis: As mentioned in the previous gold analysis, gold has a downward trend in the short term. This picture is gold in the long-term time frame. In this timeframe, signs of correction were visible on the chart. Maybe everyone will notice and, after a few months, confidently declare the end of Gold's Bull Run on all timeframes. But I am saying now that there probably won't be a higher price ceiling, and the downward trend will start, or maybe it should be noted that it has already begun. You can look for a suitable area to enter a position and sell by capital management daily or in fewer time frames. Many people and traders also believe that Gold and Bitcoin have convergence. So it can be concluded that you should be more patient in investing and buying Bitcoin and thus all Cryptocurrencies.
FX:XAUUSD
by Ario_trader
GOLD: Price breaking the MAIN STRUCTURE!!!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our previous forecast, we were expecting a bullish movement considering the overall bullish momentum in high timeframe (see previous posts for a better understanding). With this method, we couldn’t take advantage of this move because the structure was too big and the RR not enough accordingly with our strategy conditions. The market currently is back on the top of the structure, and further bullish price action could lead to a potential next market movement outside the falling wedge pattern. When, where and why would we step into the market? Before entering a long position, would be better for the price to leave the structure, correcting, giving us enough room for a trade position until the next swing high. However, a pullback inside the wedge, would invalidate the trade setup and no action will be taken on this market. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:XAUUSDLong
by Cybernetics_tl
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