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Will Gold Continue Its Strong Rally or Face a Pullback?XAUUSD 02/07: Will Gold Continue Its Strong Rally or Face a Pullback? 📉 Technical Analysis – Gold Faces Short-Term Pullback After Strong Rally Gold has been experiencing a clear rally in recent days, but it’s currently undergoing a brief correction. The price has recently dropped slightly, prompting traders to keep a close eye on key levels for potential reversal or continuation of the bullish move. 🌍 Macroeconomic Context – Factors Impacting Gold's Price USD Fluctuation: The weakness in the US Dollar continues to affect gold prices, creating opportunities for the precious metal to maintain its upward movement. Geopolitical Tensions: Ongoing global tensions, including the US-Iran conflict, act as a safe-haven factor, supporting gold demand. Interest Rate Expectations: The market is closely watching for any changes in interest rate policies. Any future rate cuts by the Fed could further bolster gold's price. 📊 Technical Outlook (H1 – H4 – D1) Short-Term Trend: On the H1 timeframe, the price of gold touched a key level near 3340. From there, the price began to experience a pullback. However, the upward momentum remains strong on higher timeframes. Key Support Levels: The 3300 level remains a crucial support. If the price stays above this, there’s a chance for gold to continue rising towards higher levels. Key Resistance Levels: 3360 and 3380 are critical resistance levels. If breached, gold could move towards new highs. 📍 Important Support and Resistance Levels: 🔺 Resistance: 3345 – 3360 – 3380 – 3400 🔻 Support: 3300 – 3290 – 3270 – 3250 💡 Trading Plan for Today, 02/07: 🔵 BUY ZONE: 📈 Entry: 3305 – 3303 📉 SL: 3297 💰 TP: 3315 → 3325 → 3340 → 3360 🔴 SELL ZONE: 📉 Entry: 3360 – 3362 📈 SL: 3368 💰 TP: 3350 → 3340 → 3320 📣 Conclusion: Gold is showing signs of short-term correction but remains a strong asset due to geopolitical factors and monetary policies. Buying opportunities continue to be attractive at support levels, while key resistances will play a crucial role for any breakout. Keep an eye on the mentioned levels to capitalize on market movements. Happy trading and best of luck to all traders!
OANDA:XAUUSDLong
by MMFlowTrading
XAU/USD Start July 20251. i start after XAU/USD break previous High and correction (fibbo 32.0) respected. based on elliot wave strategy we can targeting end of wave 3 at 3353 area and than correction wave 4 (target at fibbo 32.0 - 50.0). after target correction, continue wave 5 at target 3403 area. 2. fundamentally speaking, new months new quarter. there ins't new catalist and sentiment. Macro Economic this week focus on labour market at US and FED projection to cut rate. 3. War at Iran and Israel, Russia and Ukraine, India and Pakistan, Trade War case, etc,. 4. Will be update
FOREXCOM:XAUUSDLong
by RumahCandle
#XAUUSD 30MIN 📉 #XAUUSD 30m Sell Setup – Bearish Continuation Ahead Gold is currently retracing after a strong drop, consolidating within a short-term Supply Zone. We anticipate a temporary bullish push toward the 3345–3350 premium area, where the broader bearish trend is expected to resume. 🔻 Sell Zone: 3345 – 3350 (Supply / OB Zone) 🎯 Targets: 3300 → 3260 ❌ Stop Loss: Above 3358 ⚠ Note: This is a short-term retracement, not a trend reversal. We expect selling pressure to return once price taps into the 3350 Order Block, in line with the higher timeframe bearish structure. #gold #XAUUSD #forexsignals #SmartMoney
OANDA:XAUUSDShort
by PIPSFIGHTER
XAUUSD 01 July - Price pushing into premium zone 🔹 Macro Structure: Gold has successfully broken structure (BOS) after forming a bullish shift in market structure (MSS) around the 326x – 327x zone. Current price action is respecting internal bullish order flow, with higher highs and higher lows being maintained. Breakout above 3300 psychological level + recent BOS confirms bullish intent. 🔹 Liquidity Map: Buy-side liquidity is still resting above 3350 and into the strong OB at 3388, where a potential sell-side reaction could occur. Sell-side liquidity below 3267 has not been swept recently, meaning deeper retracements may still occur after internal liquidity is cleared. 🔹 Expectation: Current wave is likely in impulse phase (Wave 3 → Wave 5) aiming for 3388 OB. A retracement into the discount zone (3301 – 3303 OB) is ideal for a continuation trade. Watch for bearish signs near 3388 – this zone aligns with high liquidity, strong OB, and trendline confluence. 🔵 BUY SETUP (Retracement entry – continuation) Buy Zone: 3301 – 3303 OB Entry Trigger: Bullish engulfing / FVG fill Stop Loss: Below 3297 (below recent swing low) Targets: 3306 – 3310 – 3315 – 3320 – 3330 – 3346 – 3388 🔴 SELL SETUP (Reversal entry – premium zone) Sell Zone: 3348 – 3350 (mitigation area) Entry Trigger: CHoCH + bearish rejection wick Stop Loss: Above 3354 Targets: 3344 – 3340 – 3335 – 3325 – 3310 – 3300 ✅ Alternative Entry (Low sweep) Buy Limit: 3270 – 3267 (deep OB + SSL zone) SL: 3262 TP: 3280 – 3290 – 3300 – 3315+ ⏳ Wait for price to confirm intention via structure + liquidity reaction before entering trades. 🧠 SMC traders: focus on manipulation zones, OBs, and internal BOS for precision entries.
OANDA:XAUUSDShort
by EliseLunaTraders
2
XAU/USD Trade Setup – June 30, 2025📉 XAU/USD Trade Setup – June 30, 2025 Bias: Short (Sell Position) Entry Zone: Around $3,363–$3,370 Stop-Loss: 🔺 $3,259 (Above recent highs) Take-Profit 1: 🎯 $3,308 Take-Profit 2: 🎯 $3,302 Risk/Reward: Favorable (1.8–2.2:1 depending on entry) 🔍 Technical View Trend: Bearish below $3,370 Structure: Price rejected key resistance at $3,370–$3,380 Indicators: RSI weakening near 50 (bearish bias) MACD crossing down on H1 Key Zone: A break and close below $3,350 will likely drive price toward your TP zones at $3,308 and $3,302. ⚠️ Notes Volatility expected near NY session open or if macro data hits (e.g. Fed speakers, inflation prints) Consider scaling out partial profits at TP1 ($3,308) to lock gains
OANDA:XAUUSDLong
by Mr7oussaine
1
XAUMO REPORT: XAUUSD WEEKLY ANALYSIS Period: Monday June 30 – Friday July 5 Focus: US Independence Day (July 4), NY Market Closure Impact 🟢1. Price Action Context Last Week (ending June 28): Weekly bearish engulfing closed near the lows (~3,250 area). Series of failed rallies above 3,330. Price compressed in a tight lower range—distribution, not accumulation. Monday June 30 – Friday July 5: Market begins in a low-confidence, low-volume environment. Tuesday–Wednesday: traders will be positioning ahead of July 4 closure. Thursday (July 4): NY market closed—no COMEX metals futures settlement. Friday (July 5): NY market reopens—liquidity and volume surge back in. 🟡 2. Range, Support & Resistance Composite Volume Profile: VAH: ~3,410 POC: ~3,330 (where the heaviest volume has been transacted) VAL: ~3,250 (final defense) Support: 3,250: major structural shelf 3,200: next key liquidity target Resistance: 3,330–3,350: loaded supply zone 3,390–3,420: overhead liquidity from prior weeks Interpretation: Price under POC, hugging VAL, is bearish. Acceptance under 3,250 sets up a vacuum to 3,180–3,200. 🔵 3. Volume Footprint and Delta Footprint Characteristics: Strong negative delta (-21K) as price approached 3,250. Buyers unable to lift offers at 3,300+. Repeated ask dominance = supply persistence. Institutional Read: They’re selling into every bounce, and liquidity thinness around July 4 increases stop-hunt potential. 🟣 4. Trend and Wave Structure Weekly trend: bearish Daily trend: bearish with lower highs and lower lows Wave count: Wave 1: 3,500 ➡ 3,273 Wave 2: retrace ~3,330 Wave 3: active—projected target 3,180 🟤 5. Stop Hunt Zones Above: 3,330–3,350: obvious short stops and breakout buy stops.
Below: 3,250: stop cluster from dip buyers and trapped longs. Expected Behavior: Institutions use Wednesday and low liquidity Thursday to spike stops before the real move on Friday. Stop Hunt Scenario: July 3–4: quick liquidity sweep above 3,330. July 5 (Friday): NY reopen—supply steps in, drives price back down. 🟢 6. Market Closure & Liquidity Impact NY Market Closure Schedule: July 4 (Thursday): NY COMEX metals closed for Independence Day. Forex open but liquidity ~40% of normal. Price can move erratically with minimal volume. July 3 (Wednesday): Early close in many US desks. Position squaring—thin books. July 5 (Friday): Liquidity flood back in—true directional follow-through likely. Implications: Avoid heavy positioning during July 4 closure. Expect false breakouts and “ghost candles”. Major moves likely Friday July 5 during NY session. 🟠 7. Psychological Dynamics Retail: FOMO if price spikes above 3,330 on low liquidity. Fear if price knifes under 3,250 without volume confirmation. Institutions: Use the holiday to: Clear out stops. Create liquidity pools. Accumulate positions for Friday’s push. 🔴  8. Tangible Day-Trader Scenarios 🟢 Scenario A: Pre-Holiday Stop Hunt Trap When: July 3–4 Price spikes over 3,330 on low volume. Footprint shows negative delta quickly after. Execution: Sell limit ~3,340. SL: 3,375. TP: 3,200. Note: Keep size reduced—thin conditions are volatile. 🟣 Scenario B: Post-Holiday Breakdown When: Friday July 5 NY opens, volume returns. Price fails to reclaim 3,250 after test. Execution: Sell stop 3,249. SL: 3,310. TP: 3,180. Scale in as confirmation strengthens. 🟠 Scenario C: Holiday Range When: July 4–early July 5 pre-NY Price likely ranges 3,250–3,330. Avoid entries unless volatility contraction ends with volume breakout. 🟡 9. Hypothetical Institutional Trade Plan ✅ Order Type: Sell Stop ✅ Entry: 3,249 ✅ Stop Loss: 3,310 ✅ Take Profit: 3,180 ✅ Position Size: Max 0.5–1% account risk ✅ Trigger: NY session reopens Friday with volume confirmation ✅ Confidence: 85% (post-holiday breakdowns historically have high follow-through) 🟢 10. The Executive Recap ✅ Timeframe:June 30–July 5
 ✅ Trend:Weekly/Daily bearish ✅ Volume:Negative delta clusters
 ✅ Stop Hunts: 3,330–3,350 (trap) 3,250 (flush)
 ✅ Liquidity Event:July 4 closure reduces liquidity by ~60% False moves likely Major move probable Friday NY session 
✅ Execution: Low liquidity: reduced size Confirmation: delta + volume No chasing pre-closure #GoldTrading #XAUUSD #ForexTrader #PriceActionTrading #TechnicalAnalysis #VolumeProfile #FootprintAnalysis #InstitutionalTrading #DayTrading #MarketAnalysis #ForexSignals #ComexGold #TradingStrategy #MarketPsychology #LiquidityTraps #StopHunt #NYMarketClosure #July4Trading #MetalsMarket #TrendAnalysis #WaveAnalysis #SupplyAndDemand #SmartMoney #ForexEducation #CMEGroup #TradingMindset #RiskManagement ⚠️ Disclaimer : This is a purely educational scenario. You are the only one responsible for your risk.
FX:XAUUSDShort
by ICHIMOKUontheNILE
Gold Trading Strategy June 27✏️The price reaction at 3348 forms a sustainable bearish structure. 3296 is an important zone when broken, it will continue to fall deeply without any recovery on Friday. Today the downtrend will encounter less resistance than the uptrend. Therefore, it is not difficult to touch the support zones of 3278 and 3255. Any recovery in the price in the European session is considered a good opportunity for a Sell signal towards the target of 3278 and 3255. As analyzed, the SELL zone today is noted at many resistance zones and consider the price reaction for the SELL signals. 📈 Key Levels Break out: 3296 Support: 3278-3255 Resistance: 3300-3312-3325-3336-3348-3363 📊 Recommended Trade Setups BUY 3278-3276 SL 3272 SELL 3325-3327 SL 3330
OANDA:XAUUSDShort
by VHT_Trader
1
7/2 Trapped Orders from Yesterday Turned ProfitableGood morning, everyone! Yesterday’s early-entry gold short position encountered some temporary drawdown, but thanks to flexible adjustments, the trade has now moved into profit overall. Currently, the price is hovering near a key support area. Based on the 1H and 2H charts, there is still room for further downside. At this point, there are two strategic options: Close the position to lock in current profits; Hold the position and wait for further decline, keeping in mind that if support holds, the price may rebound back toward the 3350 level, introducing some risk. You can decide whether to stay in the trade or exit, depending on your risk tolerance and trading plan.
FOREXCOM:XAUUSDShort
by China_MsWang
Gold is in the Bearish DirectionHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDShort
by ForexMasters2000
6.30 Safe haven disappears, gold loses its luster!Gold did not break through the upper pressure at midnight last Friday. Gold fell directly after opening in the morning on Friday. The bears broke through the previous 3295 support line, and the lowest reached 3255 in the evening. It closed at around 3274, and the daily line also closed in the form of a big Yin line. From the 4-hour analysis, the upper short-term resistance focuses on the 3295-3301 line, and the 3316 line is focused on. In terms of operation, it is still rebounding and continuing to be short and follow the trend to fall. The short-term support below focuses on the 3250-3255 line. The overall high-altitude participation tone remains unchanged relying on this range. I will remind you of the specific operation strategy during the session, and pay attention to it in time. Gold operation strategy: 1. Short gold rebounds at the 3295-3301 line, and short gold rebounds at the 3314-16 line, stop loss at 3326, target 3255-3260 line, and continue to hold if it breaks;
TVC:GOLDShort
by AIan_Gold
1
GOLD +2500 pips setup — Trendline Holds , Fed Pressure Builds !📊 GOLD XAU/USD Daily Analysis ✅ Technical View: Gold continues to respect a strong bullish trendline, holding above key demand zones (3220 – 3290). A solid retest of the trendline and the blue demand area supports the bullish continuation. Upside targets are: 3385 (first target) 3433 – 3500 (next resistances) 3553 (extended target if momentum holds). ✅ Fundamental Insight: Ongoing market pressure on the Federal Reserve to cut interest rates is boosting gold’s safe-haven appeal. Lower US yields and increased uncertainty strengthen the bullish bias for gold in the mid-term. 🎯 Key Levels: ✅ Supports: 3220 – 3290 (main) | 2785 (long-term) ✅ Resistances: 3385 – 3433 – 3500 – 3553 📢 If you like strong, clear setups: Don’t forget to Like 👍 – Comment 💬 – Share 📤 – and Follow 🔔 me here on TradingView for more powerful ideas every week!
OANDA:XAUUSDLong
by Aser_Hosary
XAUUSD 4hour TF - June 29th, 2025XAUUSD 4hour Neutral Idea Monthly - Bullish Weekly - Bullish Daily - Bullish 4hour - Bearish Gold has been on the rally of a century for a while and isn’t showing too many signs of slowing down long term. For now we do have a couple opportunities I can bring to your attention. 4hour bearish continuation - For this to happen we would like to see price action come back to our pocket of confluence near the 3,320.000 level followed by bearish conviction. If this happens look to target lower toward major support levels like 3,225.500. 4hour trend reversal - If we are to see a reversal of the 4hour trend we would need to see price action pop back above the 3,320.000 resistance area. Look for strong bullish conviction above this level and target higher toward appropriate levels of resistance.
FX_IDC:XAUUSD
by ForexLeague
Report - 27 june1. Bond Market Exodus: Why Investors Are Ditching US Long-Term Debt In Q2 2025, net outflows from US long-dated bond funds hit $11 billion, marking the fastest pace since early 2020. This comes despite more than $39 billion pouring into short-dated funds, which are still yielding attractive real returns due to the Fed's high policy rate. This flight from the long end is not just about yield differentials — it’s a clear repricing of sovereign risk and fiscal sustainability. The market is beginning to fear that the US is no longer a guaranteed safe haven at the long-duration end of the curve. President Trump’s renewed tax policies — projected to add trillions to the national debt — are weighing on confidence, while incoming tariffs and the risk of structurally higher inflation amplify concerns. “There is a lot of concern domestically and from the foreign investor community about owning the long end of the Treasury curve.” – Bill Campbell, DoubleLine Market Implication: The term premium is re-emerging — longer bonds must offer significantly higher yields to attract buyers. In real terms, longer-dated Treasuries are down ~1% this quarter, clawing back losses after tariff-induced volatility in April. Strategic Allocation: Stay overweight short-duration debt (SHY, BIL, floating-rate notes) for yield preservation and minimal duration risk. Avoid duration extension. TLT, ZROZ, and long-dated corporates may face additional downside as issuance ramps and demand fades. Consider non-dollar fixed income exposure (e.g., EU sovereigns, South Africa, Brazil), particularly where inflation targeting credibility is rising. Macro Impact: This shift jeopardizes debt affordability. With $33 trillion in debt and rising interest expense, the US could face debt spiral risks unless inflation softens or fiscal discipline returns. An elevated term premium can ripple into mortgages, corporate borrowing, and municipal finance, potentially crowding out private investment. 2. Geopolitical Tensions: Iran's Nuclear Program and the Market's Response Despite US claims of obliterating Iran’s nuclear capabilities in recent strikes, preliminary European intelligence indicates Iran’s 408kg stockpile of highly enriched uranium remains largely intact. It was reportedly dispersed before the attacks — undercutting the narrative of complete neutralization. President Trump’s remarks, suggesting “nothing was taken out” of the main Fordow facility due to logistical constraints, reflect a public relations overstatement rather than a decisive strategic victory. While US defense officials stand by the attack’s symbolic impact, reports suggest the nuclear program was set back by months, not years. “Trump exaggerated because he needed to... Anyone who heard his remarks could tell there was a different reality.” — Ayatollah Ali Khamenei Market Implication: The gold price remains elevated, closing at $3,328.22, up 0.15% on the day, and +26.81% YTD — a clear hedge against geopolitical instability. Oil markets initially spiked but reversed as the Israel-Iran ceasefire held. Brent Crude ended at $67.14, down -6.1% over the week. Defense stocks, particularly in US and Israeli names, are seeing flows as investors anticipate further defense budget expansions. Strategic Allocation: Hold or overweight gold (GLD, XAUUSD) in strategic portfolios as a volatility hedge. Avoid chasing oil at interim highs unless further strikes materialize — use energy exposure as a short-term trade, not a structural bet. Monitor Iranian retaliation risk and its effect on shipping lanes, which would impact insurance costs and transport-linked equities. Macro Impact: With Iran's capacity largely intact, nuclear diplomacy is effectively frozen. The uncertainty adds to regional instability, and markets may underprice the risk of a re-escalation. Meanwhile, continued weapons development forces global powers to shift attention (and potentially resources) away from economic diplomacy. 3. US Export Collapse: Trade Policy Bites the Domestic Economy In May, US goods exports fell by $9.7 billion (–5.2%), marking the largest monthly decline since the pandemic crash in 2020, according to the Census Bureau. Exports totaled $179.2 billion, sharply down from April’s figures. This contraction followed President Trump’s "Liberation Day" tariff blitz, which spooked global trading partners. Despite some tariff suspensions, others — such as a blanket 10% duty and sector-specific metals tariffs — remain active. “Amid the de-escalation phase of the tariff story, we are now seeing an unwind in both imports and exports.” — James Knightley, ING Key Export Drivers: Industrial supplies (crude oil, metals): Down 13.6% in May after a 16% surge in April. Vehicle exports: Rebounded +3.5% after a 20% drop in April. Trade deficit: Widened to $96.6 billion, above expectations. Practical Market Implications: Logistics & industrial names (FedEx, Caterpillar) face short-term margin pressure. Commodities sensitive to trade flows — particularly metals — could see softening demand (watch steel and copper ETFs like SLX and COPX). Dollar exposure may become more volatile as lower exports pressure the current account, contributing to a weaker dollar narrative. Broader Economic Impact: With inventories full and international demand softening, US manufacturing will decelerate. Capex and employment in export-sensitive sectors are at risk if the trade environment doesn’t stabilize. Investor Strategy: Short-term caution on transportation (e.g., FedEx reported a sharp drop in China-US freight). Reallocate toward domestic-facing sectors (utilities, consumer staples) that are more insulated from trade. Currency traders may view this as a signal to fade the USD if combined with Fed dovishness. 4. US Debt Avalanche: The Bond Exodus and What It Means for Markets Investors are rapidly fleeing long-term US bonds, with net outflows reaching $11 billion in Q2, the sharpest retreat since early 2020, according to EPFR data. This comes amid growing concern over the US’s ballooning debt load, worsened by Trump’s proposed tax cuts and trade tariffs. “It’s a symptom of a much bigger problem... concern about owning the long end of the Treasury curve.” — Bill Campbell, DoubleLine Why It Matters: Trump's tax plan is forecast to add trillions to federal debt, compelling the Treasury to issue a flood of bonds. Simultaneously, tariffs are feared to fuel inflation, which erodes bond values — especially those with long durations. Market Movement: Long-term US debt fell ~1% in Q2 (Bloomberg index). In contrast, short-term US bond funds gained $39 billion in inflows, driven by high yields at the front end of the curve. “With inflation still above target and heavy government supply, this is driving skittishness about the long end.” — Robert Tipp, PGIM Practical Investment Outlook: Expect higher yields at the long end of the curve if debt issuance remains elevated and inflation expectations rise. Flattening yield curve risk if short-end rates remain high while long-end selling continues. Duration-sensitive portfolios (e.g. pensions) may suffer performance drag unless repositioned. Global Spillovers: A weaker long bond market raises benchmark rates globally, making it costlier for emerging markets to borrow. Foreign investors (e.g., Japan and China) may diversify out of Treasuries, potentially moving capital into higher-yield EM debt or European assets. The sell-off contributes to dollar weakness, especially when coupled with trade disruptions and Trump’s criticism of the Fed. Investor Strategy: Reduce duration exposure; consider floating-rate notes or shorter-dated fixed income instruments. Explore international bonds, especially EM local currency debt, which is currently outperforming. Use steepening yield curve trades (e.g., 2s/10s steepeners) as a way to hedge fiscal risks. 5. Iran’s Nuclear Resilience: What Intel and Markets Tell Us Despite claims from President Trump that Iran’s nuclear capabilities were “obliterated” in recent airstrikes, early intelligence assessments suggest otherwise. According to European and US officials, Iran’s 408kg stockpile of near-weapons-grade uranium remains largely intact, having been dispersed to other locations before the strikes. “It did not achieve anything... Trump exaggerated.” — Ayatollah Ali Khamenei Strategic Interpretation: US and Israeli strikes targeted Fordow, Natanz, and Isfahan — key nuclear infrastructure. While significant damage occurred, no total structural collapse was confirmed. This reinforces that Tehran maintains breakout capacity, and could resume enrichment rapidly if it chose to. “The nuclear programme suffered enormous damage... but not complete destruction.” — Rafael Grossi, IAEA Market Impact and Geopolitical Outlook: The revelation that Iran’s uranium reserves survived the assault reduces confidence in the effectiveness of US deterrence. Oil markets remain unfazed. Traders priced in the symbolic nature of Iran’s missile response and read the US-Israel actions as limited in strategic disruption. Brent crude fell sharply by 6.1% to $67/bbl post-ceasefire — evidence markets anticipate no extended supply shock. What to Expect: Volatility premium on oil is falling. No major disruption to Strait of Hormuz = no major repricing. Increased likelihood of backchannel diplomacy, especially as Tehran seeks to assert survival and avoid regime destabilization. However, shadow escalation (e.g., cyber, proxy strikes) remains plausible. Practical Asset Implications: Oil traders are in sell-the-spike mode: Risk-on reactions are now short-lived. Defensive commodity plays (e.g., gold) saw a pullback as perceived geopolitical risk faded. Military-industrial equities may experience cooling momentum unless new threats emerge. Risk of sanctions rollbacks or renegotiations could reprice energy and emerging market assets tied to Iran’s trade (e.g., India, China). 6. Export Shock: Tariffs Bite into US Trade Performance US goods exports plummeted by 5.2% in May, marking the sharpest drop since 2020, as President Trump’s aggressive “Liberation Day” tariff strategy triggered a major disruption in global demand for American goods. Total exports fell to $179.2bn, down $9.7bn from the prior month. Breakdown: Industrial supplies (including oil and metals): –13.6% Vehicles: +3.5% (recovering from a –20% collapse in April) Trade deficit widened to $96.6bn, beating Wall Street expectations. “This is the tariff shock starting to filter into real data.” — ING’s James Knightley Economic Implications: Tariff retaliation and inventory overhang are key drivers of the export decline. Partners reduced US imports anticipating further tariffs or supply chain reshuffles. The loss of export revenue compounds fiscal stress, especially with simultaneous tax cuts and increased military spending. Sectoral Risks: Energy exporters (e.g., Texas oil firms) are hit hard — crude exports falling. Industrial metals and machinery producers face slower foreign orders. Shipping and logistics (e.g., FedEx) flagged the US–China lane as the weakest and most unpredictable trade route. Market Outlook: Dollar weakness persists, with the Dollar Index near a 3-year low, reflecting investor fear over twin deficits (fiscal + trade). Equities may remain resilient, especially domestically focused or tariff-insulated names. However, multinationals with global exposure could underperform due to shrinking foreign sales. What to Expect: Volatility in trade data until clarity returns on tariff regimes. Renewed calls for bilateral trade talks or exemptions from key US partners (e.g., EU, Mexico). Watch for nearshoring trends to accelerate as companies avoid tariff risk. 7. EM Rally: Emerging Markets Outshine Developed Peers Amid US Fiscal Anxiety In a stunning reversal of past trends, emerging market (EM) assets are rallying across asset classes in 2025 — defying both the global macro gloom and the shadow of US tariff policy. By the Numbers: JPMorgan EM Local Bond Index: +10% YTD MSCI EM Equity Index: +10% MSCI World (Developed Markets): +4.8% EM bonds in global AUM: Rising from a low 5% share This rotation reflects a clear diversification trend away from dollar assets, fueled by erratic US policymaking, record federal debt, and a weakening dollar. The Treasury-specific risk premium is rising — and EMs are absorbing the flow. Drivers of the Rally: Dollar weakness: Eases FX pressure, gives central banks room to cut. Inflation-adjusted yields in EMs at 20-year highs, making debt highly attractive. Declining fiscal risks in EMs contrast with ballooning G7 debt burdens. China and South Korea lead equity optimism with innovation themes and policy clarity. “Even small inflows are having disproportionately large effects.” — Goldman Sachs’ Kevin Daly Risks and Rotation: Geopolitical conflict in the Middle East did not dent EM flows — a clear sign of confidence in regional resilience. Oil prices falling reduced tail risks for EM energy importers like India and South Korea. Still, EM equity outflows in Q1 were sizable (–$22bn), only partially reversed in May–June (+$11bn net). Practical Strategy for Investors: Local currency bonds in Brazil, South Africa, Indonesia — rich yields, FX tailwinds. Tech-heavy equity plays in China and Taiwan — exposure to global AI boom. EM corporates still lag — cautious positioning advised due to higher default risk. What to Watch: Further EM policy easing, especially in Asia, will support equities. US yield volatility may occasionally disrupt flows, but the narrative has shifted. Multi-asset portfolios should consider overweighting EM exposure tactically in H2 2025. 8. Shell, Sovereign Risk, and the Oil Sector Outlook: BP Takeover Denied, Sector Under Pressure Shell’s explicit denial of takeover talks with BP, despite media speculation, offers clarity but also raises key strategic questions for the European energy sector. The sector continues to grapple with sluggish price action, mounting decarbonization pressures, and a renewed focus on capital discipline. Key Takeaways: Shell stated it had “no intention” of acquiring BP and had not been in talks, invoking a six-month standstill period under UK takeover law. BP shares rose 1.3%, Shell +0.5%, largely a relief rally and not based on synergies. This quells short-term merger speculation, but it underscores the pressure on oil majors from activist investors (e.g., Elliott’s 5% stake in BP) demanding deeper cuts, higher returns, and optionality in energy transition strategy. “Shell has preferred buybacks to acquisitions.” — Wael Sawan, CEO Sector-Wide Implications: BP’s aggressive renewables push has backfired, denting valuation and making it a takeover target. Oil majors are capital-rich but investment-conservative, amid uncertain demand outlook and energy policy volatility. High integration costs and risk of job losses are politically toxic, limiting mega-deal feasibility. Practical Market Interpretation: With Brent crude hovering around $68–$70, oil equities remain valuation-sensitive and vulnerable to dividend cuts or FX shocks. Investors should favor capital-efficient names with strong free cash flow and disciplined buyback programs. Avoid speculative merger plays; instead, track cost reduction execution and decarbonization pace. What to Watch: Further activist pressure on BP and Total to streamline operations. Potential US M&A activity in smaller shale players instead of global giants. Any signs of OPEC+ discord or US SPR use amid volatile demand expectations. 9. New World Development: Hong Kong’s Property Giant Faces Systemic Risk New World Development (NWD), one of Hong Kong’s largest property conglomerates, is undergoing a delicate refinancing operation amid ballooning debt, weak property sales, and a declining tourism-reliant retail economy. The implications ripple across the Asian credit markets, Chinese property sector, and Hong Kong's financial stability. Key Financials: Net debt: HK$124.6bn Refinancing talks: HK$87.5bn in bank loans Interest costs > operating profits in 2H FY2024 Annual loss: HK$20bn, the first in two decades Shares down 22% YTD, market cap ~HK$14bn The developer’s leverage and stalled mainland China expansion expose it to credit market deterioration, at a time when trust in property-linked balance sheets is thin. “It won’t be a question of how much you’re willing to pay — the cover won’t be available.” — Everest CEO Jim Williamson, referring to US casualty insurance but resonant here too. Systemic Concerns: Barclays estimates NWD accounts for 7% of all HK commercial property loans — nearly double Evergrande’s systemic exposure in mainland China. Property defaults or asset fire-sales could cause bank provisioning hikes, spread to retail REITs, and exacerbate deflationary pressures. Mitigating Actions: NWD pledged flagship assets (e.g., Victoria Dockside) as collateral. Actively selling projects at discounts. Chow Tai Fook Enterprises selectively buying assets, indirectly supporting liquidity. However, refusal to engage with bondholders, deferred perpetual interest payments, and a leadership reshuffle have eroded market confidence. Strategic Implications for Investors: Avoid unsecured Chinese real estate debt—bondholder transparency is poor. Favor secured exposure or government-backed REITs tied to stable rental income. Look for HKMA guidance: policymakers are signaling banks to avoid panic provisioning, implying the government will step in to prevent contagion. Broader Macro Read: Reflects fragility of China’s "recovery-lite" property model, where urban development exceeds real demand. HK real estate’s softening is also a proxy for declining mainland tourism, rising capital costs, and shifting investor preferences. 10. Meta’s Copyright Win: Legal Green Light for AI Model Training Meta's recent legal victory over authors suing for unauthorized use of books in AI training marks a critical turning point in the legal framework surrounding AI development. The U.S. District Court ruled that the tech giant’s use of millions of texts to train its LLaMA models constituted “fair use”, delivering a massive tailwind to AI innovation — and to equity investors betting on the sector. Case Summary: Plaintiffs included notable authors like Ta-Nehisi Coates. Meta trained its AI on LibGen-sourced books without permission. Judge Chhabria: Ruled for Meta due to “poor argumentation” by plaintiffs — not because the court inherently favored AI use. “This ruling does not stand for the proposition that Meta’s use of copyrighted materials to train its language models is lawful. It stands only for the proposition that these plaintiffs made the wrong arguments.” — Judge Vince Chhabria Precedent and Practical Impact: Reinforces the fair use doctrine for transformative technologies. Encourages aggressive data utilization strategies by other firms. Raises the bar for future copyright suits, requiring stronger arguments like market harm (e.g., reduced author royalties). Implications for Tech and Equity Markets: AI development costs may fall sharply as legal uncertainty fades. Generative AI leaders (Meta, Anthropic, OpenAI) now face fewer near-term litigation barriers. Paves the way for AI ETF inflows, bolsters AI-leveraged tech indices (e.g., SOXX, QQQ). Equity long positions in semis (NVDA, AMD), cloud (MSFT, GOOGL), and enterprise AI (CRM, ORCL) become even more strategic. Regulatory Outlook: A longer-term battle is likely over “market dilution” claims. Courts may soon have to decide whether AI-generated outputs undermine economic incentives for human creators. Policy frameworks from the EU or US Congress are likely within 12–18 months. Strategic Takeaways for Investors: Increase exposure to AI infrastructure (e.g., Nvidia, Micron, Arista). Maintain vigilance on evolving IP litigation trends — regulatory tone may shift depending on 2025 political outcomes. Avoid over-concentration in companies still facing unresolved copyright or data privacy battles (e.g., Open-source LLMs with gray training data). 11. ETF Innovation: ‘Autocallables’ Go Retail – A Structural Shift in Yield Exposure The launch of the first US-listed ETF tracking autocallable structured products by Calamos Investments, with JPMorgan support, signals a transformative shift in how retail investors access complex income strategies. Once limited to ultra-high-net-worth clients, these derivatives — with yields near 14.7% — are now democratized through a simple ticker trade. What Are Autocallables? Autocallables offer periodic coupons unless a linked index (e.g., S&P 500) falls below a pre-set barrier. If the barrier is breached consistently, investors risk losing principal. They are akin to structured credit instruments but are tied to equity indices, not borrowers. Triggered by market declines. Maturity: typically 3 years, quarterly checks. Final protection barrier: ~60% of starting level — breach = principal loss. ETF will hold 52+ autocallables diversified by issuance date. Investment Mechanics: Calamos Autocallable Income ETF (CAIY) charges 0.74% annual fee — above the average for US derivative-income ETFs (0.51%). It’s part of a wider trend: structured outcome ETFs have exploded from $3.5bn in 2019 → $179bn today (Morningstar). Mimics yield exposure of high-yield bonds, but linked to equity volatility. Analyst Commentary: Ben Johnson, Morningstar: “ETFs are taking share from all financial products — not just mutual funds, but also from bespoke structured notes.” Elisabeth Kashner, FactSet: warned of misunderstanding risks: “Advisers will struggle to explain these. If markets fall, protection and yield disappear.” Practical Implications: Retail investors gain access to high-yielding structured credit proxies. If adopted at scale, this could divert flows from traditional high-yield bonds and annuities. Volatility derivatives embedded in autocallables will impact options markets and hedging strategies. Risk Outlook: In a sharp downturn, coupon stops and capital protection collapses — potentially leading to double-digit losses. These ETFs may suffer sudden illiquidity if linked indices breach multiple trigger levels at once. Systemic Considerations: Broad adoption of these ETFs could amplify equity downside during sharp corrections — as dealers hedge risk via S&P futures. Scenario: A systemic correction triggers autocallable barrier breaches, prompting delta-hedging cascades → market destabilization. Investor Strategy: Use as non-core, tactical exposure for income in low-volatility environments. Monitor S&P drawdowns and ETF option volumes for stress signals. Avoid relying on these instruments for downside protection in portfolios targeting retirement stability. 12. Wall Street Outlook: Dollar Slide, Powell Speculation, and Inflation Signaling Markets steadied this week as geopolitical tensions cooled with the Iran-Israel ceasefire, but underlying stress in key asset classes persists — particularly in foreign exchange and rate-sensitive sectors. Traders are recalibrating for what could be a pivot in US monetary policy, as political noise intensifies over Fed leadership and dollar weakness accelerates. Dollar Pressure Deepens: The US Dollar Index slid to a three-year low, falling 0.5% after the Wall Street Journal reported that President Trump may replace Fed Chair Jay Powell earlier than expected. The euro surged to $1.1710, its strongest level since September 2021. “We suspect that some of this narrative is seeping into perceptions,” said Macquarie’s Thierry Wizman, pointing to speculation over Fed independence. This decline is especially concerning given the rebound in Treasury yields, which would traditionally support the greenback. Instead, we are witnessing a breakdown in classic correlations, as political interference becomes a dominant narrative. Powell’s Job and Policy Path: The idea of a “shadow chair” to pressure the Fed into rate cuts has unnerved institutional allocators. The White House denied imminent changes but confirmed the president’s “right to change his mind.” This raises risk premiums around Fed credibility, especially with inflation still a threat and growth signals weakening. Any leadership uncertainty at the Fed historically results in higher long-end yields due to perceived policy drift or political bias. Safe Havens and Gold Dynamics: Gold fell 0.2% to $3,324/oz, losing some haven allure post-ceasefire. Continued outflows are expected unless inflation data surprises to the upside or Fed intervention appears politically constrained. Equity Markets: S&P 500 closed just under its all-time high, up 0.6%. Risk-on sentiment is heavily liquidity-driven, with AI optimism (led by Nvidia) adding a secondary tailwind. Oil and Inflation: Brent crude rebounded to $68.49/bbl, up 1.2%, despite subdued supply risk. Inflation-linked assets remain moderately priced, but any disruption to the Strait of Hormuz or further US-China escalation could reignite tail-risk pricing. Practical Implications: Dollar weakness can spur a rotation into EM equities, gold, and real assets. Investors should brace for increased FX volatility and repricing of global rate differentials. Portfolios with high USD exposure may benefit from increased geographical diversification. TIPS and short-duration Treasuries become more attractive as stagflation hedges in case Powell is replaced with a dovish successor.
FOREXCOM:XAUUSD
by Buranku
Gold Sees Volatile Swings – Pullback Risk Remains📊 Market Highlights: Gold surged to $3,351 earlier today after weaker-than-expected US ISM manufacturing data, which boosted expectations of a Fed rate cut. However, profit-taking quickly pushed prices down to $3,334 before recovering to $3,342. 📉 Technical Analysis: • Key Resistance: $3,351 • Nearest Support: $3,334 • EMA: Price is above EMA 09 → uptrend still intact. • Candles / Volume / Momentum: H1 candle shows a long upper wick, indicating selling pressure near the recent high. Bullish momentum is slowing, and volume has started to normalize. 📌 Outlook: Gold may face a short-term pullback if it fails to break above $3,351 and the USD strengthens during the US session. ________________________________________ 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD at: $3,345 – $3,350 🎯 TP: $3,334 ❌ SL: $3,353 🔺 BUY XAU/USD at: $3,332 – $3,334 🎯 TP: $3,350 ❌ SL: $3,323
OANDA:XAUUSDShort
by Mian-FXSignals