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Gold price is still trading in a relatively narrow rangemost people are having neutral predictions on XAU The US economy is slowing down, inflation is weak and the US Federal Reserve (Fed) is less dovish. These impacts reduce demand for gold, which could lead to a widespread sell-off. If you are holding gold, there is no reason to sell because the price is still above 2,200 USD/ounce. The market may have few transactions, which means the risk of large fluctuations. Geopolitical developments such as escalation in Ukraine or the Middle East could disrupt the market, Grady said.
OANDA:XAUUSD
by TrategySherpa
FDX FedEx Corporation Options Ahead of EarningsIf you haven`t bought FDX calls ahead of the previous earnings: Now analyzing the options chain and the chart patterns of FDX FedEx Corporation prior to the earnings report this week, I would consider purchasing the 260usd strike price Calls with an expiration date of 2024-12-20, for a premium of approximately $19.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:FDXLong
by TopgOptions
SPY S&P 500 ETF revised Price Target for the end of the yearIf you didn't purchase SPY at the start of this year: I initially set a price target of $540 at the beginning of this year, but upon reflection, I find that projection to have been overly cautious. I am now adjusting my forecast upward to $560. This revision stems from my belief that we are entering a significant supercycle in the stock market, particularly fueled by advancements in artificial intelligence technologies. The current market conditions may prompt a temporary pullback due to levels of overbought assets. However, my overall outlook remains extremely optimistic about the broader market trajectory. I see continued strength and potential for growth, especially driven by the ongoing innovations and developments within the AI sector. As investors navigate through potential short-term fluctuations, I maintain a bullish stance, anticipating robust performance and opportunities in the market as we progress through the year.
AMEX:SPYLong
by TopgOptions
12
XAU suddenly increased sharply todayWorld gold spot price stands around 2,321.6 USD/ounce World gold prices suddenly increased sharply after being "hurt" by a statement from a US Federal Reserve (Fed) leader that caused the USD to increase in price, taking away XAU's significant strength. The Fed keeping interest rates unchanged for a longer period of time may be enough to control inflation, and the Fed may even raise interest rates further if inflation continues to rise. Currently, investors are paying attention to the US May inflation report published later this month. They expect that after the report, the direction of gold will be clearer.
OANDA:XAUUSD
by TrategySherpa
USDJPY Sell | Trade SetupUSDJPY is moving in an ascending channel between the trend lines. The price has reached the resistance level, which has already acted as a reversal point. We expect a decline. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY 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 🤝
Short
by TheGrove
1
XAUUSD : Gold continues to increase strongly todayGold prices yesterday had an early rebound hitting a high of $2,375 then retreated again before closing at $2,378 after important news and market expectations were reflected in the price. Regardless of the reason behind it, this is it proving that investors are still interested in gold or have returned after recent dovish signals from major central banks. Maybe this is the first sign of a comeback. The market is probably quite nervous now ahead of tonight's NFP report. The US Nonfarm Payrolls (NFP) report is expected to show an increase of 185,000 jobs in May. However, negative JOLTS Job Opportunities data and ADP Nonfarm Jobs Change data less than that in this week reduces investor optimism about the US Bureau of Labor Statistics report. If the NFP report also shows weakness, the USD may come under more pressure and increase market confidence that the Fed will soon cut interest rates, supporting gold prices.
OANDA:XAUUSDLong
by SantaTradeGold
XAU turned downXAU decreased slightly compared to yesterday morning. Despite being under pressure to take profits after hitting an all-time high earlier in the week The US Federal Reserve (FED) has continuously expressed its view that it will not rush to start a cycle of loosening monetary policy. However, gold did not react much to this view that is considered less moderate. Currently, investors are still worried about inflation and economic instability, and precious metals help them hedge risks. Interest rate cuts could cause the dollar to weaken against many other currencies, which could provide further support for real assets such as gold. However, while the Fed has not yet come to a decision on loosening monetary policy, investors are carefully watching economic data to see if they could cause the Fed to pivot its monetary policy.
OANDA:XAUUSDShort
by TrategySherpa
XAUUSD : Gold is still expected to increase in the near futureWorld gold price (XAU/USD) increased nearly 1.5% at one point last weekend, reaching a high of $2,378 before closing at $2,360. This is the second consecutive rising session since the previous sideway period. This precious metal broke out strongly in the context of geopolitical tensions showing signs of escalating in Gaza when peace negotiations between Hamas and Israel in Cairo failed. Gold demand is also driven by concerns about the US labor market. Recent economic data has shown signs of weakness, fueling speculation that the Fed may lower interest rates sooner than expected, thereby stimulating demand for gold. Besides, globally, the general trend of central banks is shifting to reducing interest rates or at least, they are showing that they are ready to lower interest rates. The interest rate environment shows signs of peaking and starting to gradually decrease, which also creates a push for gold prices. Centrally, the Fed's monetary policy is always adaptive to the situation and based on the latest data. Therefore, the timing of interest rate cuts may change depending on inflation developments, if inflation decreases or increases faster than expected. This week's CPI report will be in focus as this data point could have a significant impact on gold prices. Mr. Jim Wyckoff, Senior Market Analyst at Kitco News, commented: "If this week's inflation data is high or even moderate, the likelihood of the Fed cutting interest rates as early as September will decrease. go significantly."
OANDA:XAUUSDLong
by SantaTradeGold
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL before the previous earnings: Then analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week, I would consider purchasing the 43usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $1.36. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:UALLong
by TopgOptions
1
CADJPY → Trade Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . CADJPY long ! Great BUY opportunity CADJPY 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💰
Long
by TheGrove
6
GBPCAD → Trade Analysis | SELL SetupHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD 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💰
Short
by TheGrove
3
XAUUSD : Gold hits 2,400 mark amid chaos in the Middle EastGold prices continue to increase thanks to geopolitical tensions in the Middle East Gold prices have recovered during today's Asian session and are currently trading around $2,360 as the market worries that the war situation may escalate in the Middle East. Over the past week, gold prices have experienced an impressive increase to $2,400 despite the strength of the US dollar and currently XAU/USD is trading around $2,360. The reason for this partly comes from the market's risk aversion as geopolitical tensions in the Middle East continue to increase. This week, the market's focus will be on US retail sales and the speech of Fed Chairman Jerome Powell. Gold surpassed $2,400 an ounce on Friday, but closed lower as technical indicators suggested gold's rally had overheated and investors closed positions. The latest developments in the Middle East prompted a wave of searches for safe assets, with concerns about possible Israeli retaliation likely to support gold in the near term. Some Wall Street experts believe that gold's rally is expected to continue through at least the second half of the year. Citi previously said gold serves as a hedge against inflation and is a safe reserve asset for central banks. Goldman Sachs has raised its gold price forecast from $2,300 to $2,700 because gold is not affected by normal macro factors. A conflict between Iran and Israel is unlikely to have a knock-on effect, with Arab states only calling for restraint on both sides. Saudi Arabia has even indicated that Iran wants to sabotage the normalization of relations between the Arab world and Israel.
OANDA:XAUUSD
by SantaTradeGold
UNH UnitedHealth Group Incorporated Options Ahead of EarningsIf you haven`t bought UNH before the previous earnings: Then analyzing the options chain and the chart patterns of UNH UnitedHealth Group Incorporated prior to the earnings report this week, I would consider purchasing the 440usd strike price at the money Puts with an expiration date of 2024-4-19, for a premium of approximately $10.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:UNHShort
by TopgOptions