Expect a 25-point cut from the Fed's interest ratesWorld gold fees persevered to say no with spot gold down 17 USD to 2,448.2 USD/ounce. Gold futures final traded at $2,486 an ounce, up $18.eighty from the intense spot.
A sharp growth in after-income interest at the start of the week persevered to place stress on gold, inflicting the valuable metallic to lose any other 1%. Besides, the document capitalized at the cutting-edge improvement that dampened marketplace optimism approximately a first-rate pivot at the following coverage assembly which additionally contributed to the decline in gold fees.
According to a document with the aid of using the United States Department of Labor`s Bureau of Labor Statistics, the United States client fee index expanded 0.2% final month, after falling 0.1% in June. So, over the equal length final year, CPI rose 2.9%, then rose 3% in June.
According to the FedWatch CME tool, after the CPI document turned into released, the chance that the Fed will reduce hobby costs with the aid of using 50 foundation factors on the September assembly has reduced to 41% from 50% previously.
Ideasdetrading
Gold prices are likely to stand still this weekWorld gold prices decreased slightly as the USD index increased. Recorded at 11:00 a.m. on August 12, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,302 points (up 0.07%).
After a week without important economic data, the world gold market this week will receive a series of information that can affect the direction of this precious metal in the short term.
Including the number of manufactured products, consumption numbers, retail sales numbers in the US in July and weekly applications for continuous unemployment benefits and the number of US housing starts and construction permits in the US in July. July.
Kitco News' latest Continuous Gold Survey shows most majors expect prices to be flat or up this week, while the majority of retail traders expect the yellow metal to rise.
Gold Price Outlook: XAU/USDThe charge of gold can also additionally try and retrace the decline from the month-to-month high ($2478) need to it preserve to shut above the 50-Day SMA ($2369).
Gold Price to Eye Monthly High on Failure to Close Below 50-Day SMA
Keep in mind, the latest pullback withinside the charge of gold emerged following the failed strive to check the July high ($2484) and bullion can also additionally face a bigger correction if it struggles to preserve above the July low ($2319).
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Nevertheless, gold can also additionally preserve to function an opportunity to fiat-currencies as primary imperative banks begin to transfer gears, and bullion re-set up the bullish fashion rom in advance this 12 months amid the risk of a coverage error.
NAS100USD (STRONG BEARISH ) (4H)NAS100USD
Tendency , the price is under bearish pressure , until trading below 18,912 .
TURNING LEVEL : the price of this level at 18,912 , so as long as the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE LEVEL (1) : this level around 19,237 , for reach this resistance level the price need breaking turning level , indicates have good selling in this level .
RESISTANCE LEVEL (2) : around 19,638 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1).
SUPPORT LEVEL (1) : this level around 18,481, for reach this support level the price need stabilizing below turning level , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 18,239 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE : the price corrective at 18,912 , before dropping .
PRICE MOVEMENT : currently price 18,582 ,my be the price first thing corrective turning level , as long as until the price trade below turning level at 18,912 , it will be trying to reach support level (1) , breaking this level by open 4h or 1h candle above this level , indicates to reach a resistance level (1) .
TARGET LEVEL :
RESISTANCE LEVEL :19,237 , 19,638 .
SUPPORT LEVEL :18,481 ,18,239 .
The Fed is planning to cut interest rates in SeptemberWorld gold prices have skyrocketed amid the danger of escalating conflicts in the Middle East and US Federal Reserve (FED) Chairman Jerome Powell gave a signal after today's Fed meeting via the Chinese bank. The US is ready to rotate monetary policy if the inflation rate continues to decline in focus.
After a 2-day policy review, the Fed decided to keep interest rates unchanged at the expected level at 5.25-5.5%.
Besides, at the press conference after the Fed meeting, Mr. Powell aroused consultants' hopes about the ability to provide monetary policy at the upcoming September meeting. He said that if data continues to provide confidence that inflation is slowing toward its 2% target, the Fed may be ready to act.
USDJPY ( SENSITIVE AREA BETWEEN TWO TURNING LEVEL ) (4H)USDJPY
HELLO TRADERS
Tendency , the price inside two turning level at 151.741 & 150.399 .
TURNING LEVEL (1) : the price of this level at 151.741, so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 150.399 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 153.190 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 154.747 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 149.058 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 147.068, for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 150.582 , have two scenario , first corrective 151.741 , before dropping to touch a 150.399 , then 149.058, second corrective 150.399 to reach a 151.741, then breaking this level likely reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 153.190 , 154.747 .
SUPPORT LEVEL : 149.058 , 147.068.
NAS100USD (BULLISH DIRECTION ) (4H)NAS100USD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above 18,956 .
TURNING LEVEL (1) : the price of this level at 19,114 , so if the price breaking this level reach a resistance level (1) , by breaking this level active bullish zone .
TURNING LEVEL (2) : the price of this level at 0.126, so if the price breaking this level reach a support level (1) , by breaking this level active bearish zone .
RESISTANCE LEVEL (1) : this level around 19,529 , for reach this resistance level the price need breaking a turning level (1) , indicates have good selling in this level
RESISTANCE LEVEL (2) : around 20,093 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
RESISTANCE LEVEL (3) : around 20,694 , for reach this level it will be breaking by open 1D candle above resistance level (2) , indicates have very strong sells in this level .
SUPPORT LEVEL (1) : this level around 18,627, for reach this support level the price need breaking a turning level (2) , indicates have good buying in this level .
SUPPORT LEVEL (2) : support level at 18,240 , for reach this level will be breaking by open 4h candle below support level (1) .
PRICE MOVEMENT : currently price 19,107 , have two scenario , first scenario corrective turning level (2), before rising to touch a turning level (1) , then breaking this level reach a resistance level (1), second scenario corrective turning level (1) , to reach a turning level (2) , then breaking this level reach a support level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 19,529 , 20,093 , 20,694 .
SUPPORT LEVEL : 18,627 , 18,240 .
XAUUSD short-term analysiswww.tradingview.com
XAUUSD short-term analysis:
- XAUUSD (Gold Spot / U.S. Dollar) recently hit an all-time high and has retraced slightly.
- The price is currently testing the critical support level** and the 50-period moving average (MA50).
-Bearish Scenario (🔽): If XAUUSD breaks below the 2465 support falls under the trend line, and breaches the nearest fractal, it could decline further to 2452
- Bullish Scenario (🔼) Alternatively, if the price rebounds from the current support level, we might see a move back up to 2482
EURUSD BUY | Idea Trading AnalysisEURUSD is moving under the descending channel
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
-------------------
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GBPUSD BUY | Idea Trading AnalysisGBPUSD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
The Fed is still delaying the process of cutting interest ratesGlobal coverage plans will now no longer allow the Federal Reserve`s sluggish tempo of hobby charge cuts distract them an excessive amount of from their coverage energies.
Of the 23 global critical banks profiled in Bloomberg's quarterly report, best Japan is not likely to lessen borrowing fees over the subsequent 18 months. Most have been set to achieve this this year.
In all, one hundred fifty five centers could be eliminated from the worldwide benchmark benchmark compiled through Bloomberg Economics through the give up of 2025. Even the Fed itself, with its plans to reduce borrowing fees, has been scuppered through inflation. US onions will nonetheless make a few profits this year, consistent with forecasts.
US Federal Reserve
Current hyperlink yield (higher limit): 5.5%
Bloomberg Economics forecast through the stop of 2024: 5%
Bloomberg Economics forecast through the stop of 2025: 4%
Market price: Down 0.25 factors in November, with the opportunity of every other 80% drop in December.
World gold is in the mood for Fed cutsThe world gold price went down, the USD continued to gain and showed that 10-year US government bonds also reached their highest level in the last 2 weeks. The school's attention focuses on the US personal consumption expenditure price index (PCE) in May - an appropriate control measure of the US Federal Reserve (Fed) to better know the interest rate performance of the US. center row. In addition, there are estimates of US Q1 GDP and an important debate between US President Joe Biden and Republican opponent Donald Trump on June 27.
According to CNBC, Fed Governor Michelle Bowman said on June 25 that maintaining policy rates stable “for a while” may be enough to control inflation, but reiterated that she is ready to raise interest rates if necessary. . If interest rates decrease, it could bring gold prices down...
💵 OANDA:XAUUSD SELL 2316 - 2318💵
✔️ TP 2310
✔️ TP 2300
❌ SL 2323
💵 OANDA:XAUUSD BUY 2286 - 2288💵
✔️ TP 2295
✔️ TP 2300
❌ SL 2279
Dollar’s Rise Toward 2024 High Bolstered by CPIThe greenback is growing towards a brand new excessive for the yr on hypothesis that Wednesday`s US inflation analyzing and Federal Reserve coverage selection will boom demand.
The Bloomberg Dollar Spot Index rose Tuesday for a fourth instantly session, hiking a complete of 1.1% in that period, amid assist from final week`s record of US jobs increase and political turbulence in Europe. The gauge now trades approximately 0.4% beneath this yr`s top reached on April 19.
“Tomorrow affords a actual possibility for the greenback to increase its current gains, Powell permitting,” Patrick Locke, an FX strategist at JPMorgan Securities LLC in New York, stated in an interview. “There are motives to anticipate each CPI and FOMC will err at the bullish/hawkish facet for the greenback, supporting it sweep the tactical trifecta,” he stated, relating to the approaching customer fee index and Federal Open Market Committee reviews and Friday`s above-estimate non-farm payrolls.
Nonfarm will decide for the FOMC meetingSince the Fed`s final meeting, however, the hazard of expenses re-accelerating and financial increase final defiant has weakened somewhat. Inflation as measured with the aid of using the middle PCE deflator eased in April, with the three-month annualized fee slowing to 3.5% (Figure 1). At the identical time, task marketplace rebalancing seems to have resumed. Payroll increase downshifted to 175K in April from a mean month-to-month boom of 269K in Q1, the unemployment fee has risen to in shape a two-12 months excessive of 3.9%, at the same time as task openings/postings display call for for brand spanking new employees maintains to decline (Figure 2). There are fewer symptoms and symptoms of cutting-edge interest moving right into a better equipment as well. Both the ISM production and ISM offerings indices registered contractionary readings in April, and actual purchaser spending edged down over the month.
Gold futures shine bright with a strong gainGold traders and buyers have remained energetic customers on charge dips, assisting the valuable metal`s pricing at those new highs.
On the day by day chart, a easy Japanese candlestick sample referred to as a "Three River Morning Star" has emerged. This sample, shaped after a charge decline, may be a robust indication of a key reversal from bearish to bullish.
The sample includes a big crimson candlestick inside a described downtrend, accompanied with the aid of using a small-bodied candle (both crimson or inexperienced) that opens and closes beneath the primary crimson candle. The very last candle is a big inexperienced candle that opens above the center candle and closes above the middle of the frame of the primary candle.
With gold's current energy and the formation of this bullish reversal sample, the valuable metal's upward momentum may want to hold to polish withinside the coming sessions.
Non-farm expectations increased sharply when the FED became hawk“If the PCE record is better than marketplace forecasts, this can be some other assault on FED hobby price reduce expectations, inflicting gold expenses to fall even deeper.”
Notably, Kitco News`s ultra-modern weekly gold survey indicates that greater than 3-quarters of enterprise specialists assume that gold expenses will pass sideways or lower this week.
14 Wall Street analysts consulted the Kitco News gold survey. Sentiment towards valuable metals has worsened. Only 3 specialists (21%) expect gold expenses will upward thrust better this week. There are 8 analysts (accounting for 57%) predicting gold expenses will lower. Another 3 majors (seeking out 21% of the total) are identified, trending sideways this week.
Meanwhile, 195 votes had been solid in the course of Kitco's on-line visit. Main Street traders have a greater bullish view on valuable metals. ninety four retail traders (or 48%) expect gold expenses will upward thrust this week.
Another 50% (equal to 26%) anticipated the rate could be lower. Meanwhile, fifty one people (equal to the ultimate 21%) expect expenses will stay strong this week.
This revelation pushed back interest rate cut expectationsGold fee has reached the inexperienced field location now and could watch for a response. If a robust bullish jump response happens on this location then the bullish fashion might be showed to preserve. Meanwhile, a in addition decline underneath this location might be a bearish signal withinside the medium-lengthy term. In the lengthy term, so long as expenses preserve to shape better swing excessive and swing low points, the fashion will remain bullish.
World gold prices increased slightly in the context of a downward trend in the USD index. Recorded at 9:20 a.m. on May 27, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,620 points (down 0.02%).
While central bank purchases and strong Asian demand have created a bullish trend in gold prices in the term, the US Federal Reserve's (FED) monetary policy work is but tentative. will create a vibrant gold price market.
Minutes of the Fed's recent Federal Open Market Committee (FOMC) meeting showed solid results. In particular, the central bank exempts and reduces interest rates when applying the inflation capacity is still high.
Precious metal products are still strongly bought every time theWorld gold price on the night of May 22 was about 16.8% higher than at the end of 2023. World gold price converted by USD bank price was 74.7 million VND/tael, including taxes and fees, lower about 16.2 million VND/tael compared to the domestic gold price as of the late afternoon of May 22.
World gold prices fell sharply, causing the USD to increase rapidly. Domestically, SJC gold price is still at 91 million VND/tael.
🔥 TVC:GOLD BUY 2358 - 2353🔥
💰 TP1 2365
💰TP2 2370
❌ SL 2346
🔥 TVC:GOLD SELL 2400 - 2397🔥
💰 TP1 2390
💰TP2 2380
❌ SL 2408
Wall Street back on the bullish bandwagonAmid cooling geopolitical tensions and a slow week for economic data releases, the gold market ultimately returned its focus to the Federal Reserve’s interest rate path.
Spot gold opened the week trading just above the $2,300 level, and spent most of the week trading in a $30 range. In the absence of other significant data, gold prices took their direction from Thursday morning’s weekly jobless claims, which surprised to the upside.
In light of Fed chair Jerome Powell's comments that rate cuts remain on the table for 2024, gold traders decided that the high jobless claims print improved those odds, and gold broke definitively above $2,330 just after 10:30 am EDT, climbing steadily for the rest of Thursday and throughout the overnight trading session before attaining its weekly peak of $2,378.56 per ounce around 6:30 am Friday morning. It continued to hold most of those gains throughout the Friday session.
💵 OANDA:XAUUSD BUY 2337 - 2334💵
✔️TP 2350
✔️TP 2355
❌SL 2327
Gold Falls As US Dollar Rises On Strong Core PCE InflationGolden Dilemma: The rate of the yellow steel has fallen from its excessive as US Dollar`s restoration pushed with the aid of using increased US middle PCE inflation information, placing strain at the cost of gold. The annual underlying inflation information rose at a better tempo of 2.7% from the estimates of 2.6% however decelerated from 2.8% recorded in February. Stronger-than-anticipated figures hose down Gold`s charm with the aid of using lowering the chance of Federal Reserve charge cuts in the approaching September economic coverage meeting. The month-to-month underlying inflation information met expectations, last steady with the preceding studying of 0.3%. This state of affairs favors bond yields and the United States Dollar.
* Technical Breakout: Gold fee changed into traded decrease following previous retracement from the resistance stage 2335.00. MACD which illustrate diminishing bullish momentum sign endorse the commodity to possibly expand its retracement.
* Resistance and Targets: If the bearish momentum persists, there`s a robust probability that the fee will probably head in the direction of 2270.00. Conversely, a breach lower back above the extent 2335.00 might endorse a fashion continuation and probably head in the direction of 2400.50 stage.
Understand how technical evaluation let you on this buying and selling opportunity.
USDCAD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . USDCAD long
! Great BUY opportunity USDCAD
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EUR/USD Analysis Summary:Price & Pattern: EUR/USD at 1.08397. 4H chart shows double top rejection, followed by resistance breakout—bearish indication.
Technical Implications: Pattern suggests potential bearish reversal, favoring sellers.
Demand Zone: Approaching demand zone, but bearish bias persists.
FOMC Impact: Pending FOMC news could strengthen USD (DXY index)—further downside pressure on EUR/USD likely.
Anticipated Movement: Downside risk prevails, especially post-FOMC, aiming for bearish targets.
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