Gold Price Outlook: Key Insights for Next Weeks Trading Decision
In this video, we dive into the latest Gold (XAU/USD) market analysis and review the impacts of recent U.S. economic data on Gold prices. On Friday, Gold saw high volatility, with prices hitting the $2,760s following a weaker-than-expected Nonfarm Payrolls (NFP) report. However, a sell-off brought prices back down to the $2,740s as additional data from the Institute of Supply Managers (ISM) showed mixed economic signals.
Will gold continue its strong performance, or could a new catalyst shift the trend?
📌 Stay tuned as we navigate the next big moves in the Gold market!
#GoldAnalysis #XAUUSD #ForexTrading #GoldPrice #NFP #ISMData #SafeHaven #GoldMarketAnalysis #WeeklyGoldOutlook #EconomicData #GoldTrading#economicuncertainty📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Will gold continue its strong performance, or could a new catalyst shift the trend?
📌 Stay tuned as we navigate the next big moves in the Gold market!
#GoldAnalysis #XAUUSD #ForexTrading #GoldPrice #NFP #ISMData #SafeHaven #GoldMarketAnalysis #WeeklyGoldOutlook #EconomicData #GoldTrading#economicuncertainty📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Dagangan ditutup: hentian tercapai
After yesterday’s setback with a loss on our buy position, Gold (XAU/USD) has attracted fresh buying interest, currently holding near our key level at $2,740. The safe-haven appeal is supported by the tight US presidential election and ongoing geopolitical tensions in the Middle East.The unwinding of the "Trump trade" and expectations of further Fed rate cuts amid signs of a cooling US labor market are driving US Treasury yields lower. This, in turn, keeps the USD subdued, adding a tailwind for Gold.
Given the current setup, my stance remains bullish. I'll only consider short positions if we see a breakdown and retest of the $2,732 zone, as discussed in yesterday’s live session. Stay tuned for updates as we monitor price action.
Good Morning
Nota
#XAUUSDJust as we have discussed during our live stream this morning; the US Dollar continue to gain traction following the outcome of the US election. We are at a crucial juncture now as price action tests the support line of the descending channel at the $2,695 zone... It is time to secure some profit as we watch how price action reacts to this confluence for new trading opportunities.
Nota
#XAUUSDFollowing the 2024 US Presidential election win by former President Donald Trump, we saw Gold slide to a three-week low, with a solid profit achieved from yesterday’s sell position. Trump's return has sparked a USD rally alongside higher US Treasury yields, directly pressuring Gold. Now, attention shifts to Trump’s policy stance on tariffs, fiscal spending, and tax cuts. These policies could challenge the Fed's inflation efforts, likely forcing a cautious approach to any easing.
Currently, Gold is consolidating as markets await the Fed’s rate decision, with a 25-basis-point cut anticipated.
Following yesterday's big win, a new trading setup is identified in the 15-minute timeframe; check the charts for details.
Good Morning
Trade smart. Trade consciously
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Trade smart. Trade consciously
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.