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XAUUSD : Gold continuously creates new peaksGold rebounded higher after the disappointing services PMI report. Gold broke out and increased around the $2,300 area after the US services PMI report was lower than expected. In the April 3 session, gold was supported when the ISM services PMI report dropped to 51.4 compared to the initially estimated level of 52.8. The precious metal fell to $2,267 early in the European session but then rebounded sharply and ended the day at $2,293 after the PMI data was released. Today, the market will receive unemployment benefit applications along with further speeches from Fed officials. Currently, gold is rising to $2,300.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold is making an all-time highGold surpassed $2,250 after last week's PCE report Gold rebounded sharply above $2,250 as the core PCE index matched estimates. Gold rebounded sharply over the weekend as the core PCE index matched estimates. The precious metal broke out from $2,194 to $2,235 before correcting slightly and ending the week at $2,223. The MoM core PCE index increased 0.3%, coinciding with market expectations. This shows that inflation is still persistent and the Fed will not be in a hurry to cut interest rates. This week, the market will receive a series of important economic data, including the services and manufacturing PMI index, JOLTS employment data, and the US NFP report. Currently, gold is rising to $2,256.
OANDA:XAUUSDLong
by SantaTradeGold
XAUUSD : Gold fell sharply as the US economy remained resilient.Gold weakened after lower-than-expected unemployment claims and manufacturing PMI rose, the focus turned to Chairman Powell's speech today. During the March 21 session, gold prices were under pressure when the number of applications for US unemployment benefits was lower than expected and the manufacturing PMI index increased. The precious metal dropped sharply from $2,207 to $2,166 after the news, then increased slightly and ended the day at $2,182. Today, the market will receive Chairman Powell's speech on the recent interest rate decision as well as the future prospects. Currently, gold is falling to $2,176.
OANDA:XAUUSDShort
by SantaTradeGold
XAUUSD : Gold will continue to set records for itselfGold increased sharply after the Fed's decision to keep interest rates unchanged. Gold attracted strong buying pressure when the Fed kept interest rates unchanged and Chairman Powell expressed a "dovish" stance. In the March 20 session, after increasing by more than $10 to above $2,164, gold turned down again and ended the day at $2,157. Earlier today, the Fed continued to keep interest rates unchanged at 5.5% and in the press conference, Chairman Powell emphasized that interest rates should not be delayed for too long. After the meeting, the precious metal jumped to $2,174 and continued its momentum to $2,222 before correcting back down. There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is down slightly to $2,202.
OANDA:XAUUSD
by SantaTradeGold
1
XAUUSD : Gold slightly corrected ahead of the FOMC meetingGold prices adjusted slightly downward as the USD appreciated thanks to a change in market expectations about the Fed's interest rates. During the March 19 session, gold prices fell to $2,150 as the US dollar continued to increase in price ahead of the Fed's FOMC meeting. The precious metal's nearest support is at the December 4 peak around $2,145. If this threshold is broken, XAU/USD could fall to the next support zone at $2,097. Today, all attention will be on the Fed's FOMC meeting at 1 p.m.
OANDA:XAUUSDLong
by SantaTradeGold
SPY S&P 500 ETF Options ahead of the FOMC decision After the 2023 price target was reached: Now Powell's likely to take a hawkish stance tomorrow, given the CPI, PPI, and GDP data. Interest rate cuts probably won't happen before June, in my opinion, potentially causing both indices and the crypto market to decline. I would consider purchasing the 489usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $3.13. My end of the year Price Target for SPY, the S&P 500 ETF, is $540.
AMEX:SPYShort
by TopgOptions
XAUUSD : Gold continues to wait for the FOMC meetingGold is under pressure as investors wait for the Fed interest rate meeting Gold recovered slightly as the USD slowed down and investors prepared for the Fed meeting on Thursday. During the March 18 session, gold fell sharply from $2,159 to $2,146 when the USD was supported by the increase in US government bond yields before turning up and ending the day around $2,160 when the USD leveled off. Precious metals cannot break out as economic data is still good and the Fed interest rate outlook is still "hawkish". There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is trading around $2,160.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold is in focus in the news todayGold weakens after US PPI data, focus turns to consumer sentiment report. Gold falls lower as PPI data is better than expected, boosting USD and US government bond yields. In the March 14 session, gold weakened after the release of US PPI data increased higher than expected, causing the market to lower the price of interest rate cuts. The precious metal fell from $2,171 to $2,152 following the news but then had a slight upward correction to end the day at $2,158. With the recent PPI data, the Fed will have to consider delaying the policy pivot, which could put pressure on precious metals. Today, the market will receive the consumer confidence index and the Empire State manufacturing index. Currently, gold is increasing slightly to $2,164.
OANDA:XAUUSD
by SantaTradeGold
$BTC to $230k USDBITSTAMP:BTCUSD to $230k this Bull Market... I will keep this Idea posting short and to the point. My prediction for this bull market of 2024-2025 is to see CRYPTOCAP:BTC reach an " all time high " of $229,563. Now that Bitcoin is trading above the previous ATH (all time high) of ~ $69,000, depending on your exchange data, the question becomes "where will Bitcoin trade to?" Seeing as Bitcoin is back to No Mans Land , we can only assume what price levels it will reach for. Although Whole Numbers in PA (Price Action) are relevant and will play a role in price, its only part of the story. The logic behind this prediction will be shared at a later time in this post. $230k 2024-2025 Bull Run Price Target $230k (rounded up) is the "top out" for this bull market. However this post is also to help you, the reader have an Exit Plan . I would strongly recommend at $202,803.00 ($202k rounded down) you start taking profit on CRYPTOCAP:BTC if you have not already by that time. As we approach these price targets I will update this post accordingly. Until then, Good Luck & Good Trading.
BITSTAMP:BTCUSDLong
by WolfAdams
XAUUSD : Gold prices fell after US CPI was higher than forecastGold price adjusted to $2,160 after US CPI news. During the March 12 session, gold adjusted sharply down after the US CPI data was released and the precious metal is currently trading around $2,160. With the RSI indicator starting to trend downward after touching the overbought zone, XAU/USD may also correct in the near future. Gold's current support is around the old peak at $2,145, beyond which is the $2,088 threshold. For gold prices to surpass $2,200, it may require a stronger interest rate cut from the Fed. But, below are possible reasons why that won't happen.
OANDA:XAUUSD
by SantaTradeGold
2
XAUUSD : Will the upward trend continue?Although interest rates are still remaining high, gold prices are remaining stable and history has proven that gold prices will respond positively to lower interest rates and quantitative easing. Besides, geopolitical risks and unexpected crises can also be the reason to push gold prices higher. Despite record high interest rates, gold shows notable upside potential. We all know that precious metals often move in the opposite direction of interest rates. In other words, the correlation between interest rates and gold is always opposite. Real interest rates are fluctuating close to 2008 levels. However, even though real interest rates are quite high, gold prices are also recording an increase. There was a time when interest rates were similarly high, and gold prices were just near the $1,000/ounce mark. So with interest rates like this, gold should be trading around 1000 USD/ounce. But gold prices have been trading steadily above $2,000 for a while. In fact, they are not falling despite multiple rate hikes in 2022 and 2023. In addition to interest rate cuts and the possibility of an economic recession, there are also geopolitical risks that could cause gold to surge in price. Here are just some of them: Tensions escalate between Taiwan between the US and China. Remember that the stock market reacted quite negatively to the trade war between China and the US in 2019 and it is possible that a similar situation will repeat. Conflict is growing between NATO and Russia. This can lead to political, military and economic problems as well. Tensions increase in the Middle East. A lot has been written about the Houthis in the Red Sea. But the situation could become more serious. For example, Iran could become more directly involved and cause oil supply disruptions and general geopolitical instability. Of course, there are still many other risks. These factors could push gold prices even higher.
OANDA:XAUUSDLong
by SantaTradeGold
AVGO Broadcom Options Ahead of EarningsAfter the Head and Shoulders chart pattern was perfectly completed: and the bullish trend started: Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week, I would consider purchasing the 1380usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $129.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:AVGOShort
by TopgOptions
1
XAUUSD : Gold is creating an all-time record for himselfThe US Dollar Weakens, While Gold and Bitcoin Reach New Highs Ahead of NFP Report. In a speech before the Senate Banking Committee yesterday, Fed Chairman Jerome Powell hinted that interest rates may soon fall, saying, "If the economy performs as expected, the Fed is cautious about easing loosen monetary policy in the near future", and he also added: "The Fed is waiting to be confident that inflation will stabilize at 2%. When we have that confidence it will be The right time to reduce interest rates to prevent the economy from falling into recession." Previously, yesterday the ECB decided to keep interest rates unchanged as expected by the market. Speaking at the press conference after the meeting, ECB President Christine Lagarde also emphasized that interest rate cuts will happen soon in the future when more important macroeconomic data becomes available.
OANDA:XAUUSDLong
by SantaTradeGold
XAUUSD : Gold will continue to create new records for itselfGold continues to rise after Chairman Powell's first testimony Gold prices extended their upward momentum after Chairman Powell leaned toward the "dovish" side and reported a lower-than-expected JOLTS. During the March 6 session, gold prices maintained their upward momentum, supported when Fed Chairman Powell leaned towards the "dovish" side in his first hearing. He believes that the Fed can completely cut interest rates this year and interest rates have peaked. The strongest increase occurred in the European session when gold rebounded from $2,125 and closed the session at $2,148. Precious metals were also supported by a weaker-than-expected JOLTS jobs report. Today, the market will receive Chairman Powell's next testimony before the Senate, then on Friday will release the expected NFP data. Currently, gold is slightly down to $2,145. It is expected that gold will continue to increase strongly to 2168 and then the 2188 area and if USD data continues to be too bad, there is a high possibility that gold will touch 2200, creating an all-time high.
OANDA:XAUUSDLong
by SantaTradeGold