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GOLD Prices Retrace Amidst Shifting Rate Cut ExpectationsGold Prices Retrace Amidst Shifting Rate Cut Expectations: A Technical and Fundamental Analysis The precious metal experiences a decline as investors reassess the timeline for potential interest rate reductions by the Federal Reserve (Fed). This shift in sentiment follows the release of a resilient Consumer Price Index (CPI) report for December and hawkish comments from European Central Bank (ECB) officials, contributing to a recalibration of broader market expectations. Market Dynamics and Fed's Stance: Despite market inclinations towards a rate cut in March, policymakers are adopting a measured approach to endorsing a dovish stance on interest rates. The US economy exhibits consumer price inflation nearly double the required 2%, sustained labor demand, and a low probability of recession, allowing the Fed to maintain a somewhat restrictive monetary policy stance with interest rates ranging between 5.25-5.50%. Upcoming Catalysts: Looking ahead, monthly US Retail Sales, Industrial Production data, and the release of the Fed's Beige Book are anticipated to provide fresh insights into the interest rate outlook. These indicators will likely guide market participants in gauging the future trajectory of monetary policy. Technical Analysis: From a technical standpoint, the current price retracement has led to a retest of the 61.8% Fibonacci area. There are indications that the price is poised for a recovery after yesterday's reversal, aligning with the previous Point of Control (POC) Volume from the recent swing high. The technical analysis suggests a potential bullish impulse, with an anticipated target at $2068. Conclusion: The intersection of shifting market sentiments, economic indicators, and technical signals creates a dynamic landscape for gold prices. While interest rate expectations play a pivotal role, forthcoming data releases will provide crucial cues for investors navigating the precious metal market. The potential for a bullish resurgence, as indicated by technical factors, adds complexity to the ongoing narrative, prompting investors to closely monitor developments in the coming sessions.
OANDA:XAUUSDLong
by FOREXN1
5
GOLD Day Analysis | Sell SetupHello Traders, here is the full analysis. GOLD sell pullback, GOLD is in the descending channel, making lower lows lower closes. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
5
GOLD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis. GOLD is trading in a range, as evidenced not only by trading between levels, but also between moving averages. The reason for this is the controversial fundamental environment.. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
1
Will Gold continue to be dominated by selling pressure?Gold - 24h expiry Selling pressure dominated price action yesterday and we expect this to continue today. We are trading at oversold extremes. A higher correction is expected. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 2033.50 level. We look to Sell at 2032.80 (stop at 2044.80) Our profit targets will be 2002.80 and 1996.80 Resistance: 2084.45 / 2120.70 / 2140.20 Support: 2004.20 / 1984.70 / 1947.45 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
GOLD is expected to fluctuate slightly todayGold is poised to mark its first weekly decline in a month on Friday, as the U.S. dollar gains support from fading expectations of an early interest rate cut. Investors are eagerly awaiting a key employment report later in the day to glean further insights into the future of interest rates. The dollar index is on track to register its best weekly performance since July 2023, making the precious metal more expensive for holders of other currencies. The shift reflects the ongoing strength in the U.S. labour market, evidenced by Thursday's data revealing a larger-than-expected decline in new jobless claims and increased private sector hiring in December. Minutes from the Federal Reserve's meeting held on December 12 and 13 indicate a growing sense among policymakers that inflation is under control. However, there remains a high degree of uncertainty regarding expectations for interest rate cuts. This ambiguity has contributed to a cautious approach in the market. The decline in interest rates diminishes the opportunity cost of holding non-yielding assets like gold. According to the CME Group's FedWatch Tool, which monitors trader bets on interest rate movements, market expectations for a rate cut in March have dropped to 65%, compared to 90% the previous week. This shift reflects a reassessment of the economic landscape.
TVC:GOLDShort
by carefulLion07pab
Gold Analyze (Road Map)!!!🗺️Gold wants to make a similar Movement like the Main wave 2 ( Flat Correction ), I tried to show you the end of the Main wave 4 in my Chart, and probably it will happen at my TRZ (Time Reversal Zone). Where is the end of main wave 4 ❗️❓ 🎯 Target 🎯: 1680$ until 1650$ Where is the end of main wave 5 ❗️❓ 🎯 Target 🎯: 2263$ until 2230$ Gold Analyze, Timeframe Weekly (Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLD
by pejman_zwin
4