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GOLD ROUTE MAP UPDATEHey Everyone, Once again another great day on the chart today with our gap above giving us the confidence to buy dips form our Goldturns, as suggested yesterday. 2296 Goldturn gave us the bounce, as planned completing 2309 and 2326 inline with our plans to buy dips and now with protected profits heading for the gap. We are happy with the catch and now closing the week. As always, we will now come back Sunday with our multi time-frame analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend with family and loved ones!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GBPUSD trading signals on June 13The British Pound (GBP) fell below the key support level of 1.2800 against the US Dollar (USD) during Thursday's trading session in London. The GBP/USD pair corrected sharply after rising to near a three-month high of 1.2860, inspired by a cooler-than-expected United States (US) Consumer Price Index (CPI) report. ​in May. Cable posted decent gains as the US Dollar rebounded after the latest interest rate forecast from Federal Reserve (Fed) policymakers during the June monetary policy meeting suggests that there will be just one rate cut this year, compared with three predicted in March. The Fed signaled fewer interest rate cuts as strong labor market conditions and price pressures remained higher in the first quarter of the year. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, recovered further to 104.80 After the Fed kept interest rates unchanged in the range of 5.25%-5.50% as expected, officials admitted that disinflation progress toward the 2% target was slower than they predicted. The Fed also revised its forecast for the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, to 2.8% in 2024, up from the 2.6% estimate by the Fed. March . The recovery can extend to the strong support zone of 1,275, we can establish a BUY signal. This price range is supported by the trendline EMA 34 and EMA 89 in an uptrend. This is also the old DOW breakout area, so the price will react in this area. Wishing you a successful trading day
by TVS-Trader
1
Delaying interest rate cuts leads to price pressure on Gold World gold spot price is around 2,303.1 USD/ounce, down 11.9 USD/ounce compared to overnight. Gold futures price in August 2024 on the Comex New York floor is at 2,318.5 USD/ounce. The gold price on Kitco at 9:00 p.m. (June 13, Vietnam time) was trading at 2,315 USD/ounce, down 0.25% compared to the first session. Gold futures price for delivery in August 2024 on the Comex New York floor is trading at 2,333.4 USD/ounce. Starting trading on June 13 (US time), world gold prices eased the pressure due to the rising USD, when the DXY version only increased 0.27% to 104.9 points, while continuing to be affected. attacked by the tough money policy of the US Federal Reserve (Fed) announced today, June 12 (US time). Gold prices continued to decline after the Fed's announcement of cutting interest rates only once this year while still generating 2% consumption. After the Fed's above announcement, gold lost its original momentum and the quality of investor purchases decreased significantly.
OANDA:XAUUSD
by MrTrongVo
XAUUSD: Gold will grow strongly in the last 6 months of the yearWorld gold price moved sideways around 2,306 USD/ounce after falling sharply yesterday session. The gold market is under pressure as recent US economic data shows that the Fed will only have one interest rate cut this year. However, some economists note that the possibility of two interest rate cuts is still possible. According to data from the US Department of Labor, in May, the US core CPI index increased by 3.3% over the same period last year and increased by 0.2% over the previous month, both figures are lower than the previous month. compared to forecasts and decreased slightly compared to April. This shows that inflation in the US cooled faster than expected, and at the same time put pressure on the US dollar. After the report, the USD plummeted with the Dollar Index falling from 105.08 points to 104.2 points. Silver and platinum prices also skyrocketed afterward.
OANDA:XAUUSD
by SantaTradeGold
GOLD ROUTE MAP UPDATEHey Everyone, After completing our target at 2326 yesterday, we have a gap left open at 2349. We got a nice run of over 150 pips but not the full gap. As always we only buy from dips so our exits have been nice, safe and early. We also highlighted that any rejection before the target, we will be looking for support above 2309 for the bounce. This played out perfectly with a bounce form 2309 all the way into 2326 for the perfect Goldturn touch. Our plan is to continue to buy dips above the retracement range using our weighted Goldturns until we see any break and lock below the retracement range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 - DONE BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
XAUUSD: Gold will likely recover strongly at the end of the weekXAU/USD decreased slightly, currently trading around 2,314 USD/ounce. Yesterday, XAU/USD turned down after the Federal Reserve (Fed) signaled that there would only be one interest rate cut this year in the context of inflation still far from the target level. The Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in 2024. Jeffrey Christian, Managing Partner at American Government Group, commented: “The Fed neither lowered nor raised interest rates, so investors turned to less risky assets, including gold, thus the price of gold. increased very high and profit taking took place." Fed Chairman Jerome Powell said the inflation outlook issued by the Fed is a “rather conservative forecast,” that may not be confirmed by upcoming data and could be adjusted. Mr. Powell added that the better-than-expected CPI inflation data was something officials welcomed.
OANDA:XAUUSD
by SantaTradeGold
Gold fell after the FED kept interest rates unchanged in June💥Gold prices (XAU/USD) gained positive traction for the third straight day on Wednesday and touched a new weekly high, around the $2,341-$2,342 region as US consumer inflation figures softened slightly. 💥Gold then fell sharply after data from the US Federal Reserve (FED) signaled there would only be one interest rate cut this year. in a context where inflation is still far from target. 💥The change in the Fed's forecast led to a slight increase in US Treasury yields, supporting the US Dollar (USD) after its overnight bounce from multi-day lows and further weakening prices. Yellow 💥Gold support is approaching at 2282. Gold prices could accelerate the decline after the $2,285 horizontal support is broken. That said, any further decline is likely to find some Support near the $2,300 mark before the $2,285 horizontal zone. Some further selling activity will be seen as fresh trigger for bearish traders and leave XAU/USD vulnerable to accelerating the decline towards the next relevant support near the $2,254-2,253 region. If gold trades above 2325 today, it will soon find higher levels such as yesterday's peak resistance area at 2340 and higher at 2355.
OANDA:XAUUSD
by TVS-Trader
GOLD ROUTE MAP UPDATEHey Everyone, 2326 HIT - BOOOOOM!!! Yesterday after completing 2296 and 2306 we confirmed a cross and lock opening gap to 2326 Goldturn. This target was hit today as called out yesterday. We are now seeing ema5 cross and lock above 2326 opening 2349. We have FOMC today so taking caution and any rejection before the target will be looking for support above 2309 to re-attempt the open gap above or a break below 2309 will open the range below again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 - DONE BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
THE KOG REPORT - CPI/FOMCTHE KOG REPORT – CPI/FOMC This is our view for CPI/FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. In all honesty, we would prefer to let them move the markets today into the level they want, then look for a set up to get in on the retracement tomorrow. At the moment, due to CPI and FOMC being on the same day, it’s likely to be an extremely aggressive move. We’re going to put the KOG Report plan to one side for now, as the whipsaw can cause spikes and key levels turn to extreme levels and we’ve taken what we needed on gold for now. We have the range formed now and accumulation under way with sentiment standing at neutral. We have key level support below at the 2303-5 region, which if tapped could give a bounce upside, unless broken into the first key level 2335 which was on the KOG Report and then the extension of the move into the 2347-55 region. This is where there may be an opportunity to long into, or, on the flip capture the move downside into the immediate support levels, potentially even lower! If you look at the illustration on the chart with path, we have highlighted the extreme level above sitting at 2385-90, this for us is on the break and would be ideal. If they take it there, this is the level we want to watch and is sticking out to us as a potential curveball, so please be careful! On the flip, they take this down, we’ll sit back and wait, shorting with volume is a bad idea as the intermediate swings can go against you. So, we’ve highlighted the key levels below that have potential for a reaction in price. We’ve put this report together this time to show you what the market can be capable of if they really want to move it. The circles are our hotspots, together with our targets they will help us navigate the move. They will want to slip new traders up and get them trading with the candles, this is a recipe for disaster, on days like this quick money trades are not an option. It’s either above or below for us on this occasion, otherwise we’ll come back to gold tomorrow and make our move. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
6
XAUUSD : Gold decreased slightly then increased againXAU/USD decreased slightly and is trading around 2,312 USD/ounce. Traders are being quite cautious ahead of tonight's Fed policy meeting, because if the inflation report shows no improvement, the Fed may continue to hawkish. This means that both the USD and US yields will rise to the detriment of non-yielding assets like gold. "The next important level is 2,300 USD/ounce. If gold drops below this price, it is likely to fall back to 2,200 USD/ounce in the near future" - Ong Everett Millman, Director of Market Analysis of Gainesville Coins (san trading of precious metals in the US) forecast.
OANDA:XAUUSD
by SantaTradeGold
Gold prices dropped sharply with tonight's newsInvestors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia. 🔴SELL GOLD: 2325- 2323, SL: 2329 (Resistance H4 + VCM EMA 89 zone H1) 🔴SELL GOLD: 2338 - 2340, SL: 2344 🟢BUY GOLD: 2270 - 2268, SL: 2264 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2304 - 2300 - 2391 🔼Support: 2286 - 2274 - 2268 🔽Resistance: 2325 - 2338 Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia. 🔝🔝 Deekop's research and comments XAUUSD PLAN DAY TODAY June 12 🔴SELL GOLD: 2325- 2323, SL: 2329 (Resistance H4 + VCM EMA 89 zone H1) 🔴SELL GOLD: 2338 - 2340, SL: 2344 🟢BUY GOLD: 2270 - 2268, SL: 2264 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2304 - 2300 - 2391 🔼Support: 2286 - 2274 - 2268 🔽Resistance: 2325 - 2338 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
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.
OANDA:XAUUSD
by MrTrongVo
The Japanese yen continues to weakenThe Japanese Yen remains weak as the BoJ is expected to maintain current policy in June The Japanese Yen fell slightly as the BoJ is expected to maintain current interest rates on Friday. Japan's stable stock market has weakened the JPY. The US dollar held firm as the likelihood of two Fed rate cuts in 2024 decreased. USD/JPY traded around 157.20 on Tuesday. Daily chart analysis shows an uptrend as the pair consolidates in an ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) is above the 50 level, indicating a bullish trend. Significant hurdles can be seen at the psychological level of 158.00. A break above this level could provide support, potentially guiding the USD/JPY pair towards the vicinity of the upper boundary near the 158.60 level. The next level of resistance is seen at 160.32, which marks the highest level in over thirty years. On the other hand, the lower boundary of the ascending channel, roughly at 154.90, stands out as key support, coinciding with the 34-day Exponential Moving Average at 154.86. A breach below this level could intensify bearish pressure on the USD/JPY pair, potentially steering it towards the pullback support area around 152.80.
by TVS-Trader
1
Regain the mark of 2,300 USD/ounceGold prices regained the 2,300 USD/ounce mark because investors had a bottom-fishing mentality after prices plummeted last weekend. Experts say that gold prices are going against the general rules of the market when many forecasters receive bad news. The US consumer price index for May, which is about to be published, is likely to increase, making the US Federal Reserve's (Fed) delay in cutting interest rates even longer. Gold investors are turning their attention to the Fed's Federal Open Market Committee (FOMC) meeting scheduled for June 11-12 (US time), which will open up a more positive direction. for gold price. Here, the FOMC will provide insight into the plans and timeline for expected interest rate cuts this year and through 2026. Gold is having difficulty trying to regain the 2320 level. Yesterday in the US session, gold achieved a recovery level of 2313 according to investors' expectations after a weekend of catastrophic price decline. Unable to reach the expectation of 2320, gold is stuck around the 2300 price range. The upward recovery will likely continue until gold returns to the market's downward trajectory. SELL zone 2330-2332 SL 2335 SELL zone 2281-2279 SL 2276 Pay attention to support and resistance points to have the best trading strategy Support: 2286 - 2280 - 2270 Resistance: 2315 - 2329 - 2338
OANDA:XAUUSD
by TVS-Trader
1