XAU/USD | GOLDSPOT | New perspective | follow-up details
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Gold takes a step back in the wake of sizzling US inflation data and the Federal Reserve's cautious approach towards policy easing. The anticipation of the US Federal Reserve's easing cycle gets a reality check as robust US economic data pushes back the much-awaited commencement. Fed Chair Jerome Powell's call for patience aligns with the hotter-than-expected inflation numbers, reinforcing the need to adhere to the current monetary policy stance until inflation trends signal otherwise.
Currently, the Federal Open Market Committee (FOMC) awaits greater confidence in inflation's return to the 2% target before contemplating rate cuts; with market projections hinting at potential cuts kicking in from the latter half of 2024. The shift in market sentiment from earlier expectations could put a lid on the price surge in the coming weeks.
In this video, we delve into our strategic positioning amidst these market dynamics, offering insights into how we intend to navigate the impending moves in the Gold market.
XAUUSD Technical Overview:
In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,155 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, the appearance of a reversal pattern or a breach below the $2,155 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Currently, the Federal Open Market Committee (FOMC) awaits greater confidence in inflation's return to the 2% target before contemplating rate cuts; with market projections hinting at potential cuts kicking in from the latter half of 2024. The shift in market sentiment from earlier expectations could put a lid on the price surge in the coming weeks.
In this video, we delve into our strategic positioning amidst these market dynamics, offering insights into how we intend to navigate the impending moves in the Gold market.
XAUUSD Technical Overview:
In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,155 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, the appearance of a reversal pattern or a breach below the $2,155 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Dagangan aktif
Sell orders activated at the breach of the new week's key level of 2,155, aligning with the anticipated extension of the previous week's downward trend, as discussed in my recent video analysis. The prevailing optimism in the market, coupled with the consolidation of the US Dollar's strength and the upward trajectory of US Treasury bond yields, has cast a shadow over Gold's prospects at the onset of this pivotal trading week.Furthermore, the prevailing sentiment that the Federal Reserve might postpone interest rate reductions, further incited by robust US inflation figures released last week, has provided additional support to the US Dollar.
With all eyes on the upcoming two-day FOMC monetary policy meeting scheduled to be announced on Wednesday, market volatility is expected to rise. Consequently, it is prudent to exercise caution and implement risk management strategies to navigate through the current market conditions effectively.
To this end, we will closely monitor the newly identified price structure on the 1-hour timeframe, which will serve as our compass in today's trading session.
Good Morning
Dagangan aktif
After the sell position closed with a modest profit yesterday, a buy position was initiated upon the break of the 2,157 level. However, Gold prices are struggling to build on the gains made the previous day, with price action hovering around the week's key level at 2,155.Expectations of a hawkish stance from the Federal Reserve, coupled with higher US bond yields and a strong US Dollar, are limiting upward momentum. Last week's robust US inflation data fueled speculation that the Fed would maintain its current interest rate trajectory and adjust forward guidance to include two 25 basis points rate hikes in 2024, down from the previously anticipated three hikes. This supports elevated US Treasury bond yields, bolstering the US Dollar.
Nevertheless, ongoing geopolitical tensions stemming from the prolonged Russia-Ukraine conflict and Middle East unrest may offer some support to Gold prices, helping to mitigate losses. Traders may opt to await further clarity on the Fed's rate hike path before committing to new directional positions in XAU/USD. Therefore, attention is focused on the upcoming FOMC decision on Wednesday, which will influence USD demand and provide fresh direction for the precious metal.
Given these factors, chart levels serve as our reference points for today's trading session.
Good Morning
Dagangan aktif
#XAUUSDSTRUCTURAL UPDATE
Dagangan aktif
The proposed bearish momentum is struggling to gain traction as we witness extended sideways consolidation. The US Dollar continued a slight uptick, despite a slight pullback in US Treasury bond yields.The sentiment in the market suggests confidence that the Federal Reserve will maintain its stance of keeping interest rates higher for an extended period due to persistent inflation concerns. This hawkish outlook keeps US Treasury bond yields elevated, supporting the US Dollar and limiting gains for safe-haven assets.
Moreover, the prevailing risk-on environment is reducing demand for safe-haven assets like Gold. However, geopolitical risks from ongoing conflicts, such as the Russia-Ukraine war and tensions in the Middle East, are providing some support to Gold prices. Traders are also hesitant, waiting for clearer signals regarding the Fed's future rate decisions before making significant trading moves.
Given these factors, chart levels serve as our reference points for today's trading activities. We'll delve deeper into these dynamics in our upcoming live session. Stay tuned for more insights! See you soon! 📈
Good Morning.
Dagangan aktif
#XAUUSDProtect all buy positions now as we look forward to the Fed Chair's speech coming up in about 20 minutes from now
Dagangan aktif
The Federal Reserve surprised the market by maintaining its projection of three rate cuts for this year instead of the expected two, causing the US Dollar to weaken.Currently, we have at least three active buy positions, yielding over 1,300 pips in profit, as Gold prices surged following the Federal Reserve's decision to keep rates unchanged. However, the Fed did revise upward its projections for the Federal Funds Rate (FFR) in 2025, adding downward pressure on the US Dollar.
The Federal Reserve anticipates a 75 basis point rate cut by the end of 2024, further weakening the US Dollar. Nonetheless, the elevated US Treasury bond yields may help cushion the Dollar's decline.
In addition, the prevailing risk-on sentiment, evidenced by the recent bullish trend in global equity markets, is tempering the upward momentum for Gold, especially as the market shows signs of being slightly overbought on the higher timeframes.
Despite these factors, the fundamental outlook suggests that Gold prices are likely to continue rising. Traders are now awaiting the release of flash PMIs for insights into global economic health, which could provide further support for safe-haven assets like Gold.
Given these developments and considering the recent pullback from yesterday's record high, it's crucial to protect existing buy positions and remain vigilant for new trading opportunities. Updates will be provided as soon as new market structures are identified.
Good Morning
Dagangan aktif
#XAUUSDSTRUCTURAL UPDATE [Ascending Triangle]
Ensure all buy positions are secured
Dagangan aktif
#XAUUSDUPDATE
Sell position currently running with approximately 300 pips in profit. It is hight time the position is secured.
Dagangan aktif
Our sell position remains active, currently yielding 340 pips in profit, as Gold prices trend lower amid renewed interest in buying the US Dollar (USD). The USD is strengthening on the back of positive economic outlooks, coupled with higher US Treasury bond yields and overall bullish sentiment in global financial markets. These factors are pressuring safe-haven assets like Gold.However, any significant declines in Gold prices are expected to be limited due to the Federal Reserve's indication of a less restrictive policy stance and plans to cut interest rates by 75 basis points this year. This could potentially lower US bond yields, which might hinder USD gains and provide support for Gold as investors anticipate a continuation of the upward trend.
Traders are now awaiting Fed Chair Jerome Powell's upcoming speech for fresh insights. Additionally, movements in US bond yields will impact USD dynamics, along with broader market sentiment, presenting short-term trading opportunities in the Gold market.
Considering these developments, it's an appropriate time to secure more profits from existing positions while remaining vigilant for new trading opportunities ahead.
Good Morning
Dagangan aktif
#XAUUSDSTRUCTURAL UPDATE | 30 Min TF
Trade smart. Trade consciously
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