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Gold is about to welcome a low interest rate cycle☘️Fundamental analysis Gold prices ended their decline in early European trading on Monday. Gold will gain further amid dovish expectations from the Federal Reserve (Fed). In fact, market participants appear to believe that the Federal Reserve (Fed) will begin cutting interest rates in September, which is seen as a boost for the yellow metal. Additionally, US political anxiety following the assassination of former US President Donald Trump and China's economic difficulties confirm the positive short-term outlook for XAU/USD. ☘️Technical analysis From a technical perspective, the strong recovery after touching the 2400 support zone has shown that investor sentiment is still supporting the BUY side. Buying power is further strengthened when RSI always remains stable above 50. If the pre-market reaction is small and continued selling at 2410 could pull gold towards the key support area at 2393. A further decline could expose support at the 89 EMA in the h4 frame and this is a controversial price area around 2370-2368. In the direction that the whole market is expecting. Last week's high, around $2,425 now appears to be acting as an immediate barrier, above which Gold prices are more likely to return to challenge all-time highs, around 2,450. Support: 2393 - 2382- 2370 Resistance: 2425 - 2433 - 2448 Trading signals BUY GOLD 2393-2391 Stoploss 2387 BUY GOLD 2370-2368 Stoploss 2365 SELL GOLD 2433-2435 Stoploss 2438 SELL GOLD 2448-2450 Stop loss 2453
OANDA:XAUUSD
by TVS-Trader
Gold analysis new week☘️Fundamental analysis Gold prices rose to the 2410 zone on Friday after hitting an intraday low of $2,391. The yellow metal will extend gains for a third straight week on speculation that the Federal Reserve (Fed) could begin an easing cycle in September. The US Bureau of Labor Statistics on Friday revealed that the Producer Price Index (PPI) increased slightly in June, above analysts' estimates. As a result, US Treasury yields are falling, a boost for the non-yielding metal, which benefits from low yields. Meanwhile, Fed officials remain cautious about changes in monetary policy. Fed President St. Louis Alberto Musalem stated that current interest rates are appropriate for current conditions and expects the economy to grow between 1.5% and 2% this year. US Dollar Index (DXY), according to The US dollar tracked against six other currencies, which fell more than 0.40% to 104.09. ☘️Technical analysis Gold prices consolidate above $2,400 for the second day in a row after decisively breaking the Head-and-Shoulders neckline. Momentum favors the buyers, despite being depicted by a flat Relative Strength Index (RSI). That being said, the path of least resistance is up. The first level of resistance for XAU/USD will be the yearly high of $2,450, ahead of the $2,500 round mark. Conversely, if Gold slips below $2,400 there will be many support levels to push the gold price back to its orbit. Two notable levels coincide with the two EMA lines at 2390 and 2365. Deeper is the 2340 most important Break Out zone that we pay attention to for gold to maintain its long-term uptrend. Support: 2390-2365-2351-2340 Resistance: 2424-2433-2450
OANDA:XAUUSD
by TVS-Trader
Gold approaches all-time peak☘️Fundamental analysis Gold prices rose sharply for the second day in a row, reflecting positive moves over the previous six days - and surpassed $2,440 in early European trading. The prevailing risk environment is helping to limit gains in this safe-haven commodity. The short-term bias appears to favor bullish traders amid growing acceptance that the Federal Reserve (Fed) will begin cutting interest rates in September. overnight comments from the Chairman Fed Jerome Powell, kept US Treasury yields low and confirmed a positive outlook for the non-yielding yellow metal. Traders are now looking towards the release of the US Monthly Retail Sales data for fresh impetus. ☘️Technical analysis The large-frame chart oscillators remain in positive territory and remain far from overbought territory, suggesting that the path of least resistance for Gold prices is to the upside. Therefore, further strength towards challenging the all-time high, around the $2,450 region, seems a clear possibility. Some follow-through buying should be seen as a fresh trigger for bullish traders and pave the way for an extension of the recent uptrend witnessed over the past three weeks or so. On the other hand, a drop below the 1,618 fibonacci around the $2,430 zone could now be considered a prerequisite for a return to the 2,400 lows. Although this is not an easy thing to do in the current market climate. If this happens, it is considered a great opportunity for investors who missed this price range at the beginning of the week to recapture a long-term BUY signal. Support: 2430 - 2413 - 2401 - 2392 Resistance: 2449 - 2470 - 2500 SELL price range 2449 - 2451 stoploss 2455 BUY price range 2392 - 2390 stoploss 2386
OANDA:XAUUSD
by TVS-Trader
XAUUSD : Gold will find its old peak within the weekWorld gold moved sideways around 2,427 USD/ounce in the early trading session this morning, a number of important economic reports will be announced by the US this week. However, experts predict that the gold market will not change much after these reports. FxPro senior market analyst Alex Kuptsikevich said that the fact that XAU/USD remains firmly above the 2,400 USD/ounce mark is a good sign. Expectations that the Fed will soon cut interest rates are increasing, which underpins the price of gold - a non-yielding asset.
OANDA:XAUUSD
by SantaTradeGold
EURGBP Double ScenrioHello traders Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!! Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher! Regarding the current chart while the general trend is bearish we are bullish again! ready to jump up from bottom of the channel Overall chance of rise is a little more Bullish scenario will be activated after breaking the purple line Bearish scenario will be activated after breaking the zone Bulls powers: bottom of all three channel, reaction to the recent zone and bullish mid-term channel Bears powers: short-term and long-term channels are bullish and we see a strong reaction to the long-term channel.
Long
by AliSignals
2
XAUUSD : Gold increased sharply at the end of the year?Although the PPI index last week somewhat restrained the excitement, gold was still able to hold the important support level of 2,400 USD/ounce. Coming into the new week, world gold prices were under pressure from investors to take profits at the beginning of this morning's session when ECB officials announced that the central bank could cut operating interest rates again in the end. 2024. It is likely that many ECBs will not be able to lower interest rates at this week's meeting on July 18, but possibly in September. This may have led to an increase in expectations for a similar move with the FOMC and opening shows a clearer trend of interest rate cuts. Carsten Fritsch, commodity analyst at Commerzbank, expects that gold will find its historic peak again this week when the gap is only about 40 USD/ounce. Because after recent developments, from both data and Mr. Powell's statements, the possibility of cutting interest rates in September is higher than ever. However, many experts say that investors should also be cautious because Q2 economic information is about to be announced in the US and Europe from now until the end of July. If the economic data is positive, gold can will likely be under pressure to make room for other risky assets, typically stocks.
OANDA:XAUUSD
by SantaTradeGold
GOLD ( 07/12) The rebound follows a return above the 2400 levelFundamental analysis Gold price increased to 2,424-2,425, the highest level in two months. In response to another dovish US inflation report, the report boosted expectations that the Federal Reserve (Fed) will cut interest rates in September. Gold prices, for now, look to have broken a three-day winning streak, although any meaningful downside correction still looks elusive following growing expectations that the Fed will begin a tapering cycle. interest rate earlier than expected. Additionally, geopolitical risks, political instability in the United States and Europe, along with fears of a global economic slowdown, will continue to act as drivers for XAU/USD. Traders are now looking forward to the release of the US Producer Price Index (PPI) and the Consumer Sentiment survey. Technical analysis The continuous overnight breakthrough past the $2,400 mark is considered a new motivation for gold to return to a strong uptrend. RSI is also showing signs of exiting the oversold zone in the h1 and h4 frames, this also shows that the price increase is being corrected. This is absolutely a necessary recovery for a sustainable uptrend. Gold's recovery extended to a break out of 2393 and a deeper half of 2368 which is the strongest support zone to maintain the uptrend. The overnight high, around $2,425 now appears to be acting as an immediate barrier, above which Gold prices are likely to return to challenge the all-time high, around $2,450. Support: 2400- 2392-2380-2368 Resistance: 2425-2433-2449 SELL price range 2438 - 2440 stoploss 2446 BUY price range 2395 - 2393 stoploss 2389 BUY price range 2382 - 2380 stoploss 2376
OANDA:XAUUSD
by TVS-Trader
Will gold decrease or increase when US politics is tense?The assassination not only increased Mr. Trump's chances of victory but also increased the Republican Party's chances of a sweep. If Republicans gain control of the White House and both houses of Congress, they could enact tax cuts that would increase the budget deficit. That's how things work. When one party takes control, it's either Republicans cutting taxes or Democrats spending more. Both cases resulted in higher deficits, while a divided Congress barely passed anything. When the budget deficit increases, bonds will be sold off due to concerns about increased supply and accelerating inflation. The Fed will therefore have to maintain interest rates at higher levels for longer. How does this affect the market? Higher yields from US government bonds will make gold less attractive. Stock investors love low interest rates, and higher interest rates can make the market less attractive. The biggest beneficiary is probably the USD. The USD benefits from both higher yields and a safe-haven environment. Political violence is bad news, and in tough times, the world's reserve currency is the winner. Overall, the assassination of former President Donald Trump could cause gold and stocks to decline, while boosting the USD. Polls and ongoing information will determine how long this story lasts and how it impacts the markets.
TVC:GOLD
by SantaTradeGold
Gold price jumps ahead of Fed Powell’s testimony☘️Fundamental analysis Gold prices (XAU/USD) rose in the European morning session on Tuesday on the back of a weaker US Dollar. Traders expect the Fed to cut interest rates in September after last week's weak US jobs data capped gold's decline. In addition, political instability in France and geopolitical tensions in the Middle East also boosted gold prices as a safe-haven asset. However, gold prices may be pressured as the People's Bank of China (PBoC) did not buy gold for the second consecutive month in June. Traders will monitor Fed Chairman Jerome Powell's testimony before the National Assembly. conference, along with speeches from the Fed's Michael Barr and Michelle Bowman. US Consumer Price Index (CPI) inflation data on Thursday will also be in focus. ☘️Technical analysis Gold prices traded in a positive direction during the day. According to the h2 chart, the precious metal maintains an uptrend near the 34 EMA, with the Relative Strength Index (RSI) holding in the bullish zone above the 50 midline. This suggests support is there. the ability to hold up rather than break down. The psychological level of $2,400 serves as immediate resistance for XAU/USD. Before that, you need to break the old peak around 2392. In case of a downside, the first downside target will appear at $2,340 (former resistance). Support: 2350-2340 Resistance: 2378-2392 SELL GOLD zone 2392 -2395 SL 2397 BUY GOLD zone 2340-2338 SL 2335
OANDA:XAUUSD
by TVS-Trader
Gold has recovered Fundamental analysis Gold prices rose slightly on Wednesday, continuing their recovery after Monday's PBoC-related sell-off. This comes after data emerged showing demand for gold by central banks around the world remains high. This balanced the negative impact of news that the largest consumer of gold, the People's Bank of China (PBoC), stopped buying the precious metal in June. The Fed will adopt a data-driven approach to interest rates. Investors had been hoping for more specifics on when the Fed would cut interest rates, and Powell's quiet cut should have weakened Gold more than that. Technical analysis Gold is recovering for the second day in a row after forming a bearish two-bar reversal pattern. The unclear outlook poses a risk that Gold may return to the break out zone, which is also the most important support zone around 2340. In the bullish trend, if gold surpasses Friday's peak of $2,393, the price will continue the series of higher peaks and could reach the next target of 2,400 and still cherish the possibility of surpassing the all-time peak. The trend is sideways in the near-peak area during the drought period. In the long term, Gold is still in a strong uptrend and is ready to reach a peak above 2400 in the near future as macro and political data continues to support gold. Support: 2362 - 2351 -2342 - 2335 Resistance: 2378 - 2383 - 2387 - 2395 SELL zone 2382 - 2384 Stoploss 2388 SELL zone 2392-2394 Stoploss 2396 BUY zone 2341 - 2339 Stoploss 2335 BUY zone 2351-2349 Stoploss 2346
OANDA:XAUUSD
by TVS-Trader
Scalping GOLD m15On the m15 frame chart we will have Scalping signals today with support at 2365 and resistance at 2371. The main trend in the small frame is up and is being supported by two EMA lines. Therefore, a BUY scalp signal around 2365 is still being considered by investors. Gold prices held steady in early trading Wednesday morning in Asia. Expectations of Fed interest rate cuts continue to boost yellow metal prices. The PBoC has restrained gold purchases for a consecutive month, limiting XAU/USD's rise.
OANDA:XAUUSD
by TVS-Trader
XAUUSD : Gold will find its old peak during the weekendWorld gold increased amid unabated geopolitical instability in many regions. At the same time, countries tend to increase gold reserves and reduce dependence on the USD, supporting the price of this precious metal. Previously, in a meeting with the US Senate, Fed Chairman Jerome Powell said the US labor market had weakened and US Treasury Secretary Janet Yellen also said that US inflation would decrease over time. This increases expectations that the Fed will soon lower interest rates in September.
OANDA:XAUUSD
by SantaTradeGold
2
GOLD : Can gold reach the $2,500 discipline mark?Despite gold's consolidation phase, in a report published on Wednesday, commodity analysts at Citi said strong gold demand in the second half of the year could push XAUUSD towards 2,600, as the Investors flocked to precious metals. Along with renewed investor interest, analysts say they expect central bank demand to hit a record this year. According to the model, analysts expect central banks to buy about 1,100 tons this year, up 5.8% year-on-year and likely exceeding the expected 1,250 tons. Citi's outlook comes after foreign exchange reserve data from the PBOC showed the bank did not add to China's gold reserves for the second month in a row. Despite this shift, analysts note that central banks' gold demand has stabilized at a record 28-30% of gold mining output since 2022. They also see demand is likely to increase to 35% in the bullish scenario next year due to the trade war and concerns about US financial policy. While the gold market remains driven by central bank demand, Citi also expects retail consumers and investors to further drive gold's growth. “We remain bullish on gold demand over the next 12 months, with potential Fed rate cuts and headwinds in the US labor market helping to boost demand,” Citi analysts wrote. with this metal. In this situation, Citi predicts XAUUSD will trade between 2,800 and 3,000 by mid-2025.
TVC:GOLD
by SantaTradeGold
EURGBP: One More Short 🇪🇺🇬🇧 After our yesterday's profitable short, I see one more selling opportunity on EURGBP. After a strong bearish wave, the pair started to consolidate within a narrow horizontal range on an hourly time frame. The release of morning's UK/EU Fundamentals triggered a bearish reaction causing a breakout of a support of the range. I opened one more short on the pair. Next goal - 0.8415 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1