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Gold Prices Consolidate as Markets Await Fed Decision...Gold Prices Consolidate as Markets Await Fed Decision Gold prices (XAU/USD) have entered a period of consolidation, trading around $1,930 during the Asian trading session on Wednesday. Market participants are adopting a cautious "wait-and-see" approach ahead of the Federal Reserve's (Fed) interest rate decision and FOMC press conference, events that could inject volatility into the market. In this article, we examine the factors influencing gold prices, including the Fed's anticipated interest rate decision and the performance of the US dollar. US Dollar and Treasury Yields The US dollar, as measured by a gauge against six major currencies, is holding steady near 105.10 after rebounding from a weekly low of 104.81. One significant factor contributing to the dollar's resilience is the US 10-year Treasury note yield, which has reached its highest level in 16 years, currently hovering around 4.365%. The elevated yields may limit the downside of the US dollar (USD) as it attracts investors seeking higher returns. Fed's Monetary Policy Decision The Federal Reserve is scheduled to announce the results of its two-day monetary policy meeting, with widespread expectations that interest rates will remain in the range of 5.25% to 5.50%. According to the CME Fedwatch Tool, the probability of the Fed keeping rates unchanged in September stands at 99%. However, the odds of another rate hike have diminished for the November and December meetings, according to the same tool. Market participants will closely monitor the post-meeting press conference led by Fed Chairman Jerome Powell. During this conference, analysts and investors will seek hints about the "dot plot" (the Fed's projection of future rate hikes) and inflation expectations. Rising interest rates tend to increase the opportunity cost of holding non-yielding assets like gold, potentially casting a shadow on the precious metal's outlook. Impact on Gold The upcoming Fed interest rate decision, scheduled for Wednesday at 18:00 GMT, holds significant importance for gold traders. The outcome of this decision is likely to provide clear directionality to gold prices. Furthermore, later this week, the Bank of England (BoE) will announce its benchmark rates on Thursday, followed by the Bank of Japan's (BoJ) monetary policy meeting on Friday. Conclusion Gold prices are currently consolidating as market participants adopt a cautious stance in anticipation of the Fed's interest rate decision and the subsequent press conference led by Fed Chairman Jerome Powell. The performance of the US dollar, driven in part by rising Treasury yields, remains a critical factor to watch. The outcome of the Fed's decision and the associated commentary could set the tone for gold prices in the near term. While forecasts for gold remain bullish, the market's reaction to the Fed's actions and guidance will be pivotal in determining the precious metal's future trajectory. Our preference Long positions above 1924.00 with targets at 1940.00 & 1945.00 in extension.
OANDA:XAUUSDLong
by FOREXN1
14
GOLD 4H The FED decision will affect the marketGOLD The FED decision will affect the market reminding you that, consolidation under 1920 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1910 , 1902 , and 1896 As for renewing bullish attempts, consolidation above 1928 will support the price to rise up again and recover its positive momentum to retest again to 1937 , 1945 , and 1945 Support line: 1910, 1902 , 1896 Resistance line:1937 , 1945 , 1945
TVC:GOLD
by ElenaMayi
Gold little flutuated ahead of Fed and other rate decisionsThe gold market is currently in a holding pattern as investors await monetary policy updates from the Federal Reserve and other central banks this week. Gold prices are relatively stable, with the most active futures contract settling just slightly higher and spot gold showing a small decline. Market analysts suggest that gold traders are cautious and waiting for these central bank decisions, including the Fed, Bank of England, Bank of Japan, and People's Bank of China. The focus is on the Fed's decision, and any signals regarding interest rate hikes could impact gold's direction. If there's optimism that central banks are done raising rates, it could be positive for gold, but uncertainties remain. The European Central Bank recently raised rates to 4%, signaling it might be the last hike for a while. The Fed is not expected to raise rates during its upcoming meeting, but investors are eager to hear Chairman Jerome Powell's comments for clues about the rest of the year. The possibility of a hard economic landing could drive safe-haven flows into gold. In summary, gold markets are on hold as traders await central bank decisions, with a focus on the Fed's announcement and Powell's remarks. The recent increase in U.S. consumer prices adds complexity to the inflation outlook.
FXOPEN:XAUUSD
by Santorinina
4
XAUUSD: 18/9 Today’s Trading StrategyThe international gold price fluctuated slightly and rose slightly on Monday, while the U.S. index remained stable above the 105 mark. Market focus this week will be on the Federal Reserve, with the Federal Open Market Committee meeting on Tuesday. Last week, spot gold successfully held on to the 1900 mark, and after the daily line closed with a cross star, a big positive line rose, successfully breaking through the Bollinger Middle Track, indicating that a large number of buying orders began to enter the market, and a reversal signal was shown at the low level. The short-term bulls have reversed the weak situation and successfully closed above the 1920 mark. The MA5-MA10 moving average has also begun to turn upward. If the bulls successfully break through the 1930 mark, it will continue to rise. What needs to be noted is that the weekly trend is in the peaking and falling stage, and the overall situation is still volatile and downward. Bulls may not necessarily be able to break through 1930. This position is the top of the recent shock in the 1915-1930 range, and there is a lot of short pressure. But it should be strong in the short term. Since gold has bottomed out, it means that gold will further rise in the future. You need to pay attention to 1952 above. You still have to be careful about the risk of falling back here. If you can successfully break through this pressure level, then The upper space has been opened, so once the price breaks through 1952 as the main resistance, it means that bulls will have unimpeded access in the future. Gold has stopped falling and has turned bullish, so this week gold is mainly on a correction low and long. Today we focus on the vicinity of 1930. If the 1930 position is successfully broken, it will continue to see the 1935 position. ​Gold operating strategy: BUY:1920-1923 SL:1916 TP1:1926 TP2:1930
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 19/9 Today’s Trading StrategyIn early Asian trading on Tuesday, the U.S. dollar index almost fell below 105, ending nine consecutive days of gains ahead of the Federal Reserve's FOMC decision. Gold rose to $1,934 as the market awaited key central bank decisions this week. Many central banks, including the Federal Reserve, the Bank of England and the Bank of Japan, will announce the results of their interest rate discussions. The combination of factors such as the resilience of the U.S. job market, controlled CPI inflation, and accelerating economic growth suggest that Fed officials may anticipate a soft landing for the economy in their upcoming forecasts. However, what cannot be ignored is that expectations for another interest rate hike still exist. Yesterday, the overall technical aspect of gold relied on the 1922 mark to continue the upward trend of bullish shocks and breakthroughs. The Asian market opened and stabilized at the 1922 mark, and then ushered in the strong pull of the bulls to rise higher. In the afternoon, it slightly surged above the 1930 mark and fell back under pressure. The US market fluctuated repeatedly in the evening. The sideways trading above the 1922 mark once again ushered in the trend of bulls breaking high, and finally closed above 1930. The gold price ushered in a strong bull rebound for two consecutive trading days. In the short term, the bulls' strong rhythm continued unchanged, and gold continued to rise again. After a narrow range of fluctuations, it broke through 1930 in the early morning, reaching a maximum of 1934.6, and closed with a positive line. Judging from the current market, three consecutive positive lines on the daily chart basically set the bottom shape, and at the same time, the daily chart A wave was supported by the lower line and then went up. From the 1-hour chart, the stochastic indicator's golden cross is upward, and there is no dead cross for the time being. The market is resisting the decline. The high point is still not out, which is a bullish signal. The support position for top-bottom transition is near 1930, and the lower support is The position is near 1922, and the upper pressure position is near 1935. From the market point of view, the gold price has ushered in a strong bullish rebound for two consecutive trading days. In the short term, the strong bullish rhythm continues to remain unchanged, but there is definitely a callback, and it is not expected to be strong. Then for short-term trading within the day, Jiesse recommends just going long with the trend. ​​Gold operating strategy: SELL:1940-1943 SL:1948 TP1:1935 TP2:1930 BUY:1926-1929 SL:1921 TP1:1934 TP2:1939 Technical analysis, for reference only.
OANDA:XAUUSD
by ActuaryJ
Trading strategies guaranteed to make moneyGold is currently trading near the 1933 position. Today I have informed everyone to short gold in batches in the 1936-1940 area. Although it has not yet reached our profit target, it is obvious that we still have good profits. To be honest, this rebound in gold has indeed exceeded my expectations. I originally expected that gold would only rebound to around 1930, but unexpectedly it has reached 1936. However, the current 1936-1938 position is indeed the short-term suppression point, and it is also near the suppression point of the triangle consolidation trend line, so today I released a trading strategy for shorting gold in the 1936-1938 area. At present, everyone can hold the order patiently and wait for the profit to increase! In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by AntonioWilson
expected range until FOMC in tomorrow with 1929 key#GOLD. market trade slowly but heading up from last 3 4 session. now guys important area to watch in 1935 upside and downside 1922 if market trade in range until FOMC then am expecting this range. keep close middle line in between this range that is 1929 it will play key role in tomorrow, below 1929 next area will be 1922 cash the range until market trade inbetween these lines, either side will be very expensive in both ways, trade wisely good luck
FX:XAUUSD
by AdilHussain731333
Trade with gold 18/9The cryptocurrency market had a quiet week, but Stellar's XLM saw an 11% drop after a high-profile commercial featuring Idris Elba. Swan Bitcoin faced a hack, leading to suspicions about Ripple's acquisition of Fortress Trust. Binance CEO CZ made a $3 million donation to Moroccan users while facing SEC litigation, and Binance's U.S. CEO resigned. OneCoin co-founder was sentenced to 20 years for a $4 billion scam. Google Cloud partnered with LayerZero for transaction verification. SuperRare announced layoffs, but the overall crypto industry is positive with Visa supporting USDC on Solana and the London Stock Exchange using blockchain for tokenized financial assets.
FOREXCOM:XAUUSD
by Hinata_Sumi
50
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexPlanet20
USDJPY Going downAs we all know, the news that is coming this week is going to dictate how the market is going to play out. My chart analysis shows that Elliott wave from BC is almost complete. I predict that over the coming weeks/months the US dollar is going to sink, this was originally fueled by the news that Mike Burry has bet billions on the Nasdaq crashing. That would bring about a drop in the DXY, gold through the roof, and dollar pairs under your desk. The question is when? well, has Mike Burry gone too early again or is he on time this time. We will have to wait and see. Published 19th September 2023
Short
by Elite_Trading_Signals
GOLD 1H :above 1930 will support to reach 1940 GOLD OUTLOOK At the beginning of this important week's trading, gold futures rose, with attention focused on the Federal Open Market Committee (FOMC) meeting for September. The price of the yellow metal had difficulties in penetrating, but investors rejoiced when gold prices exceeded the $1950 level. Since yesterday, the price of gold, Technical Abstract : The price of gold was able to penetrate the 1930 level and ended yesterday’s trading above it. By carefully looking at the chart, we will see the price tries to get out of the bearish channel so we expect the price will try to reach 1940 and 1950 level supported by support 1930 level Therefore, the bullish trend scenario will remain valid and effective for the coming period, keeping in mind that breaking 1930 will stop the expected rise and place the price under negative pressure in the immediate term. On the Daily time frame as we see the price tries to get out of bearish channel. The expect range trading for today it will be between resistance line 1940 and support line 1930. Additionally , Today news will affect the market directly so manage your account carefully . support line : 1930 , 1920 resistance line : 1940 , 1952 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDLong
by Arazmajeed
GOLD's Resurgence: A Breakdown of Factors Shaping its Rebound...Gold's Resurgence: A Breakdown of Factors Shaping its Rebound Amid Fed's Pause and Positive Economic Data In a dynamic financial landscape, gold has once again seized the spotlight with a sharp and robust recovery. This resurgence in the price of gold (XAU/USD) is driven by a confluence of factors that have captured the attention of investors and analysts alike. In this comprehensive article, we delve into the intricacies of gold's impressive comeback, examining the key elements influencing its ascent in 2023. The Federal Reserve (Fed), long seen as the harbinger of monetary policy, plays a central role in this narrative. As expectations mount that the Fed will hit the pause button on its aggressive interest rate hiking cycle for the remainder of the year, gold has found renewed strength. This shift in the Fed's stance is underscored by a lack of economic indicators supporting further inflation risks, signaling a potential end to the policy-tightening spell. Additionally, the US Dollar, which recently reached a six-month high, is facing mounting pressure. Fears of a global economic slowdown are receding, and this shift in sentiment has contributed to the correction in the Greenback. Investors now perceive a reduced likelihood of further interest rate increases by the Fed, which has bolstered gold's appeal as an alternative investment. Notably, positive economic data has played a pivotal role in shaping these developments. US Retail Sales surged in August, with service stations reaping the benefits of rising gasoline prices. Despite these price increases, the impact on the overall Consumer Price Index (CPI) is expected to be limited. This has provided Fed policymakers with more room to consider keeping interest rates unchanged in the upcoming meeting. Furthermore, the global economic landscape received a boost of optimism with robust data from China. The National Bureau of Statistics (NBS) in China reported encouraging trends, instilling market confidence. China's Retail Sales grew by 4.6% year-on-year in August, surpassing expectations and indicating improvement over the previous month. Industrial Production in China also exceeded estimates, recording a growth rate of 4.5% in August, compared to July's 3.7% rise. In response to China's strong economic performance, the People's Bank of China (PBoC) took action by lowering the Reserve Requirement Ratio (RRR) by 25 basis points (bps). This move has further supported gold prices, adding to the positive sentiment. While the US Dollar has retreated from its recent high, the potential for a significant decline remains limited due to market participants' cautious approach to the Fed's hawkish stance. The anticipation of a more stringent monetary policy, potentially involving further interest rate hikes or tightening measures, has led to a more prudent approach to non-yield assets like gold. In conclusion, the recovery of gold is a multifaceted story influenced by the Fed's policy shift, positive economic data, and global economic dynamics. As monetary policy decisions and the Fed's communications continue to be focal points for market movements, gold's resurgence remains a compelling narrative to watch. Moreover, the forthcoming release of the US preliminary Michigan Consumer Sentiment Index will be closely monitored, providing further insights into market sentiment. "The anticipation of a more stringent monetary policy, potentially involving further interest rate hikes or tightening measures, has led to a more prudent approach to non-yield assets like gold." Our preference Above 1910.00 look for further upside with 1933.00 & 1940.00 as targets.
OANDA:XAUUSDLong
by FOREXN1
28