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XAU/USD: Citi Sees 50bp Rate Cut After NFP XAU/USD: Citi Sees 50bp Rate Cut After NFP Citi anticipates the upcoming Non-Farm Payroll (NFP) report will show 125,000 new jobs, leading to a 50-basis point rate cut by the Federal Reserve. Citi suggested in a note to Clients on Tuesday that if payrolls come in between 125,000 - 175,000, a 50-basis point rate cut is likely from the Fed. The 4H chart for XAU/USD indicates that buyers may be stepping in on dips following the release of US JOLTs Job Openings data, which revealed fewer openings than expected in July. However, if Gold continues to weaken, the next likely support level is around $2,470-$2,460. A decisive break below this support level could alter the outlook for Gold, indicating that the commodity could be entering a more pronounced downtrend.
BLACKBULL:XAUUSD
by BlackBull_Markets
Can Gold’s Uptrend Survive Friday’s PCE Data? Can Gold’s Uptrend Survive Friday’s PCE Data? Gold prices slipped over 0.7% on Wednesday as the U.S. dollar rebounded, setting the stage for a pivotal close to the month with key inflation data on the horizon. Markets are bracing for the upcoming Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. The PCE data, due on Friday, is expected to show a slight uptick, according to consensus estimates. If the U.S. economic data continues to show signs of weakness, it could bolster gold’s recent uptrend, fueling speculation that the Fed might consider a larger rate cut in September. Despite Wednesday's dip, gold's upward trajectory possibly remains largely intact. The metal briefly dipped below $2,500 but quickly rebounded. If prices remain above this level, the next significant resistance lies at the all-time high of $2,531.
BLACKBULL:XAUUSD
by BlackBull_Markets
Gold's Uptrend Intact? ATH Remains Unbroken Gold extended its rally on Monday as mounting expectations for a Federal Reserve rate cut in September fueled demand for the safe-haven asset. Powell gave the green light on interest rate cuts during his speech at Jackson Hole last Friday. San Francisco Fed President Mary Daly echoed Powell, saying “It's hard to imagine anything could derail a September rate cut.” Traders are closely eyeing next week’s Nonfarm Payrolls report, which could play a crucial role in determining the magnitude of the rate cut. An abysmal number could raise the likelihood of a 50bps cut. Lower rates reduce the opportunity cost of holding gold, and thus increases its appeal. Adding to bullion’s appeal, escalating tensions in the Middle East, particularly the intensifying conflict between Israel and Hezbollah, provided an additional boost to prices. Despite the bullish momentum, gold has yet to reclaim its all-time high of $2,531. Technical indicators show some loss of upward momentum, though they remain well above neutral levels, suggesting the uptrend remains intact.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD 4HR Analysis UpdateGolds Bull Run Following my recent analysis post where I identified a key pivot zone leading into the next price impulse surge we are now running profit with momentum in our favour and the first phase of the analysis completed, going forwards I am looking for price to push a little further into the 2520's where I will await a suitable correction followed by various conformations affirming the continuation of golds ascent and another long opportunity. As suggested todays powell speech and other red flag events helped surge the price off the floating ema support, dynamic support and resistance and key order block pivot S+R level, with further jackson symposium events on saturday and durable goods orders on monday we could see price continue the bullish favour heading into the opening of next week. What is your thoughts on the future of price movement for this precious metal ? Let me know in the comments below.
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
XAUUSD 4HR Analysis + Trade Idea🚀💰 Gold's on a Roll ! 💰🚀 Last week, # XAUUSD hit an all-time high of $2529, only to take a dramatic dip back to the 2470-80 zone, finding strong support from the 50 EMA, dynamic trendline, and a key S+R order block. 📉🔄 But don't be fooled by this correction—gold is gearing up for its next big move! With factors pointing towards continued growth, we could see it break out of the $2500s in no time and aim for a whopping $3000 or even $5000! 📈✨ As we wait for tomorrow's statement from Jerome Powell, the market is buzzing with anticipation. Will gold continue its ascent? 🤔🔥 Keep your eyes on the charts! 📊👀 What's your next move? Let me know in the comments! ⬇️💬
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
2
GOLD (XAUUSD): Detailed Technical Analysis Gold is currently stuck on a key daily resistance based on the ATH. Analyzing a price action, I see a clear bullish accumulation: the price has set three equal highs already, keeping setting the higher lows. At some moment, we may see a breakout attempt of the underlined red resistance area. A daily candle close above that will be an important bullish signal. It will drive the prices higher, the next goal for the buyers will be a major rising trend line. From a current perspective, it is 2500 level. Alternatively, the market may initiate one more correctional movement. I will post the update if I see any bearish confirmation. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
1
XAUUSD All time high tomorrow?!?!Good evening gold gang hope you're well! ... gold has been rallying today with only small signs of slowing and closing at near all time high .. can war news push us over the top? We are currently in a 4h engulfing zone so id like to see a pull back in asia in order to buy up tomorrow to all time high. If we gap and fly in asian session, then we must wait to see where we land before risking sells Its gonna be a fun one guys im looking forward to it .. catch you in london tommy
OANDA:XAUUSD
by tommyXAU
XAUUSD | Road to 2,500 PhasePrevious analysis has now near enough completed with a large bullish surge today making its way over 2 key quarter level phases with 2500 being the last of this phase section, after breaking through the previous days high gold now tests the all time high of 2,485 where there is a lot of pressure to break through already. With various events happening this week such as the CPI, PPI + Retail Sales I think the final event on thursday could provide key insight into golds growth and how the precious metal stands out from the rest, it is noteworthy of paying attention to the upcoming PPI although only short term impact it can play important roles within the FED and further conditions. What are your thoughts and ideas? Let me know below :)
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
XAUUSD still bearish!! major algo in sightwhats up gold gang hope you're well! .. been a little while since my last post its just been so mental with the pricing, i havent bothered analysing .. just reacting to current market price we are continuing to trend downwards (missing a great sell today by 10 pips) and making its way down to the major algo at 2352.12. You can expect a bounce there for scalp buys but i would be careful for sure. A pull back to the trendline and sell in asia would be the move! tomorrow we find some good sell zones and let them rip catch you all in london tommy boi
OANDA:XAUUSD
by tommyXAU
1
Fears Fail to Keep Gold Above $2,400: A Temporary Dip? Gold has slipped below the $2,400 mark even as geopolitical tensions possibly escalate, with Israel bracing for potential retaliation from Iran. US intelligence indicates the response could come late Thursday or Friday. Market attention is also directed towards the upcoming Initial Jobless Claims data, due on Thursday, which investors hope will provide further information about the labor market. Perhaps in an attempt to calm the volatility seen at the beginning of the week, San Francisco Fed President Mary Daly said Tuesday that “none of the labor market indicators she looks at are flashing red at present ...”. Perhaps adding to the downward pressure on gold, major Asian central banks appear to have paused their physical gold buying sprees. Reports from the World Gold Council indicate that China has abstained from buying the precious metal for the third consecutive month. Technically, if the XAU/USD continues its downward trajectory, the next support level could lay at the 50-day and 100-day Simple Moving Average. Further declines could test the May 3 low of $2,277.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD Still bearish! heres why good evening gold gang! im back from a little trip away and ready to go price still respecting downward trends even though very wicky today with price grabbing liquidity everywhere! price respecting the daily candle meet and also 4h engulfing so a small pull back in asian to sell down is on the cards. Ill need to see where price lands in the london session to see what we're going to take as there are quite a few obsticles in the way down there currently buys need to break the 2 zones first which looks like it will need some news BIG news week this week too so im expecting big movements please like and share this for me! tommy
OANDA:XAUUSD
by tommyXAU
2