XAUUSD ANALYSIS PRE FOMC INSIGHTS

Jun 12, 2024

🚨 XAUUSD (Spot Gold) 🔖 12-6-2024🚨

Buy at: $2300/$2280/$2260/$2240/$2220
Sell at: $2385/$2415/$2442/$2462

CMP @ 2329.14( as of writing)💹

⚠️ Warning: Do not risk more than 5% of your capital. You might lose your money.

📊💹Fundamentals that might impact XAUUSD: Date: 12 June 2024 📌

Expectation of a Fed rate cut linked to NFP data and upcoming events will Impact Gold Movement today, expected range in Spot gold have been shared already yesterday for Possible Buy and Sell. Speculations regarding the Federal rate cut will drive gold, possibly leading spot gold to:

Lower Range: $2240-$2200 zone 🔴
Higher Range: $2380-$2440 zone🔴

Apart from that, the CPI data scheduled for release at 18:00 hours today could set the stage for the upcoming Federal Reserve rate meeting, where we might see spot gold testing the S2 or R3 range.
The Bureau of Labor Statistics (BLS) is set to release the eagerly awaited Consumer Price Index (CPI) data for May. The US Dollar may exhibit a notable response to the inflation statistics, potentially impacting the Federal Reserve's policy projections scheduled for later announcement.

🚨📝Data scheduled to be published at 18:00 hrs -00:00 hrs(13-6-24)

18 min-Core CPI (YoY) (May)
18 min-Core CPI (MoM) (May)
18 min-CPI (MoM) (May)
18 min-CPI (YoY) (May) -
23:30-Interest Rate Projection - 1st Yr (Q2)
23:30-Interest Rate Projection - 2nd Yr (Q2)
23:30-Interest Rate Projection - 3rd Yr
23:30-Interest Rate Projection - Current (Q2)
23:30-Interest Rate Projection - Longer (Q2)
23:30-FOMC Economic Projections
23:30-FOMC Statement
23:30-Fed Interest Rate Decision
00:00-FOMC Press Conference

Trading Strategy: Given the current market dynamics, we suggest the following:

🟢For Potential Rebound:
• Buy Entry Target Range: $2332(TP1) - $2358(TP2)-$2388(TP3)-$2410 (TP4)
🔴For Continued Downtrend:
• Sell Entry Target Range: $2260(TP1)- $2240(TP2)- $2220(TP3)-$2200 (TP4)

📌Key Considerations:📝

•Monitor economic data releases closely as they will significantly impact market movements.
•Adjust stop-loss levels to manage risk effectively.
•Be prepared for potential market volatility around the release times of key economic indicators.

Conclusion: Stay alert and prepared to seize new trading opportunities based on how the forthcoming data impacts market sentiment. Our previous Buy and Sell zones have demonstrated their significance, achieving over 85% accuracy month after month. We will continue to refine our strategy as new information emerges

🔴Technical Status: XAUUSD: 📌

D1 SMA100-P (2270.90) Buy 🔺
H4 SMA100-P (2352.79) Sell 🔻
H1 SMA100-P (2368.40) Sell🔻
H4 SMA200-P (2286.16) Buy🔺

RSI(14): Status: Less Volatility
STOCHRSI(14): Status: Less Volatility
ROC: Status: Buy
William%R: Status: Over Sold
ATR(14): Status: Less Volatility
SOC: Status: Neutral

⚠️Ongoing Geo-political Tensions: ‼️

Israel – Iran- Escalating
Russia - Ukraine
US-China Relations
Middle East Instability – Escalating

Jun 13, 2024

Trade active

🅱️Buy at 2298 achieved on 13-6-24 at 21:45 hrs ✅

⚠️Warning: Do not risk more than 5% of your capital. You might lose your money. ✅

$2280-$2260-$2240 range is under Consideration after FOMC speech and Possibilities said by Powell.

Treasuries Secretary Yellen speech is going on and 30YT yields Auction data will be released soon.

Buy trade set open now✅