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GOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAM

GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

GOLD the unemployment claims data might affect the Dollar Index (DXY) and gold price The current Chair of the Federal Reserve is Jerome H. Powell. US DATA PRINT Unemployment Claims Data: Forecast: 215K Previous: 213K Impact on DXY (U.S. Dollar Index): Higher Unemployment Claims (Actual > Forecast): If the actual unemployment claims number comes in higher than the forecast (above 215K), it suggests a potential weakening in the labor market. DXY Impact: This could lead to a weaker dollar as investors anticipate a more dovish stance from the Federal Reserve. A deteriorating job market might prompt the Fed to consider cutting interest rates to stimulate the economy. Lower Unemployment Claims (Actual < Forecast): If the actual unemployment claims number is lower than the forecast (below 215K), it signals a stronger labor market. DXY Impact: This typically leads to a stronger dollar as it suggests the economy is healthy and may not require monetary easing. A robust job market gives the Fed more leeway to maintain or even increase interest rates to combat inflation. Influence on Gold Price Movement: Weaker Dollar (Higher Unemployment Claims): Gold Impact: A weaker dollar generally leads to higher gold prices. Gold is often priced in U.S. dollars, so a weaker dollar makes gold cheaper for investors holding other currencies. Additionally, a dovish Fed stance, implied by rising unemployment claims, can further boost gold's appeal as a safe-haven asset. Stronger Dollar (Lower Unemployment Claims): Gold Impact: A stronger dollar typically leads to lower gold prices. As the dollar strengthens, gold becomes more expensive for international investors, potentially reducing demand. Furthermore, a hawkish Fed stance, supported by a strong labor market, reduces the attractiveness of gold as a safe haven. Important Considerations: Fed's Overall Stance: The Fed is currently in a "wait and see" mode, carefully assessing incoming data to determine the appropriate course of monetary policy. Inflation: High inflation, coupled with President Trump's potential tariff policies, create "uncertainty", leading the Fed to be cautious about cutting rates. Market Expectations: Market expectations play a significant role. If the unemployment claims data significantly deviates from expectations, the market reaction could be amplified. Tariff Policies: Potential tariff policies from President Trump could exert upward pressure on prices, complicating the Fed's ability to lower rates. "No Hurry" to Cut Rates: The Fed is signaling that it is in "no hurry" to cut interest rates. Uncertainty: The Fed is likely to remain on the sidelines given the heightened uncertainty around trade and immigration policies. Disclaimer: This analysis is based on general principles and current market expectations. Actual market reactions can be complex and influenced by various factors.
PYTH:XAUUSDLong
by Shavyfxhub
XAUUSD - Gold, no competitors!Gold is located in a 2 -hour timeframe, above EMA200 and EMA50 and is on its uptrend channel. Gold reform to the demand range will provide us with a good risk position for us. According to Tom Stevenson from Fidelity International, gold remains resilient despite challenges such as high interest rates and a strong dollar, continuing its march towards the $3,000 mark. However, while these fundamental factors persist, he believes that silver could be a more attractive investment option in the future. Stevenson notes that gold prices have increased tenfold since 2000 and have surged by over $1,000 since late 2023. Yet, he argues that fundamentally, gold should not be this expensive. He explains: “Historically, precious metals tend to underperform when interest rates rise. This is because, unlike bonds, stocks, cash, or real estate, gold does not generate income for investors. When other assets offer appealing returns, there is less incentive to hold onto what economist John Maynard Keynes once referred to as the ‘barbarous relic.’ This situation remains true today, yet gold continues to set new record highs.” Stevenson also believes that gold should benefit from a weaker dollar. He states: “Since gold is priced in U.S. dollars, when other currencies strengthen against the dollar, their purchasing power for gold increases.Conversely, when the dollar strengthens, global demand for gold should decline. However, despite Trump’s policies reinforcing the dollar, gold remains on an upward trajectory.” He concludes that this signals something important to the market: “Gold’s performance suggests that not everything is as stable in the world as some may think. It indicates investor concerns, and history has shown that ignoring gold’s signals during times of uncertainty is a mistake.” Stevenson further emphasizes that central banks around the world are taking steps to hedge against risks. Since the onset of the Ukraine war and subsequent sanctions, countries like Russia, China, India, and Turkey have increased their gold purchases in an effort to reduce their dependence on the U.S. dollar. He points out that gold has long been recognized as a valuable store of wealth and a diversification tool, as it carries no credit risk unlike paper currencies. According to him, central bank gold purchases in 2024 have surpassed 1,000 tons for the third consecutive year. Meanwhile, Elon Musk, the world’s richest man and head of the Department of Government Efficiency (D.O.G.E), has shared memes resurfacing old conspiracy theories regarding the status of the U.S. government’s gold reserves at Fort Knox. In response, a prominent politician seized this rare opportunity to call for greater transparency. Senator Rand Paul, a Republican representative from Kentucky, replied to one of Musk’s posts advocating for an annual audit of Fort Knox, writing, “Let’s do it.” So far, no evidence has surfaced to support Musk’s theory of missing gold, but the status of these reserves remains highly classified.
FOREXCOM:XAUUSDLong
by Ali_PSND
GOLD MONTHLY LONG TERM RANGE ROUTE MAP ANALYSISMonthly Chart Gold (9th Feb 2024) Dear Traders, Attached is the updated Monthly Chart Roadmap for GOLD, showcasing our meticulous analysis and 100% target accuracy since October 2023. The Golden Circle areas on the chart emphasize our precise predictions and successful target achievements over the months. Previous Chart Highlights: * GOLD successfully hit TP1 (2286.35) and TP2 (2603.46), with the monthly candle closing above TP2. * EMA5 crossed and locked above the TP2 level at 2603.46, confirming strong upward momentum. * The EMA5 detachment process was successfully completed. * The Fair Value Gap (FVG) at 2790 provided robust support, facilitating a push toward higher levels. What’s Next for GOLD? This chart update includes revised entry levels, weighted target levels, and two critical GOLDTURN levels: 2742 and 2595. These levels act as strong support zones, where potential reversals may occur. If a reversal happens, prices are likely to retest any of these levels (marked in red) before bouncing back. Pay close attention to EMA5 near the Entry Level of 2742.55. If EMA5 crosses and locks above 2742.55, it will confirm bullish momentum and make the target of TP1 (2961) achievable with ease. Although short-term bearish movements may occur, the broader picture on the monthly chart suggests a long-term bullish trend. Temporary pullbacks strengthen the trend and provide excellent dip-buying opportunities near support levels, minimizing risk. Recommendations: For a detailed understanding of support structures and to identify ideal buying opportunities, refer to our smaller time frame analyses, including weekly, daily, 12H, 4H, and 1H charts. These provide actionable insights while aligning with the bigger picture of long-term bullish momentum. As always, we’re committed to keeping you informed with daily updates and insights. Don’t forget to show your support by liking, commenting, and sharing this post. Stay tuned for more updates on our Trading View channel. Trade Safe with Confidence! The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
XAUUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on Gold (XAU/USD) with you. Based on the chart, I expect gold to continue its bullish trend. I have two targets in mind: First target: 2995.996 Second target: 3000.000 However, before reaching these levels, I anticipate a small pullback around 2960, possibly dropping to the range of 2941.960 – 2941.040, before resuming its upward movement. 📉 Expectation Bullish Scenario: Gold continues its uptrend toward 2995.996 and 3000.000. Possible Pullback: A slight retracement around 2960, potentially reaching 2941.960 – 2941.040, before resuming the uptrend. 💡 Key Levels to Watch: Resistance: 2995.996, 3000.000 Support: 2960, 2941.960, 2941.040 💬 What’s your outlook on Gold? Let me know your thoughts in the comments! Trade safe
OANDA:XAUUSDLong
by PouyanTradeFX
GOLD | CORRECTION, THEN UPTREND The price has surpassed the previous resistance level, closed a 4-hour candle above it, and recorded a new high at 2947. For today, we anticipate a correction toward 2908 before the price resumes its upward movement, aiming for a new high at 2970, our target. However, caution is advised, as sudden corrections from elevated levels are always possible. Additionally, gold prices have surged to an all-time high due to escalating trade tensions, driven by President Trump’s announcement of a 25% tariff on autos. This strengthens the outlook for gold, with expectations that central banks will continue accumulating reserves, potentially pushing prices toward $3,000. Market attention is also on the Federal Reserve’s policy stance, with its January meeting minutes set for release later today. Any bearish reaction to the FOMC minutes is likely to be short-lived.
OANDA:XAUUSDLong
by ArinaKarayi