XAU price will continue to be stuckGold prices will continue to be stuck until "something shakes up the market as a whole."
to recover back to 2,340 USD/ounce. This fully offset last week's losses.
Investors should not sell at this time because "if you are holding gold long-term, there is no reason to sell because the price is still above 2,200 USD/ounce".
Forexsignals
XAU rises despite weak US economic dataUS economic data on June 27 was not very positive: the number of applications for unemployment benefits reached the highest level since November 2021, the number of durable goods orders showed a bad signal for Q2 GDP, sales Pending home sales hit a record low, and finally, the Kansas Fed's manufacturing activity stagnated for the 21st straight month.
Keeping policy rates steady “for a while” may be enough to control inflation, but reiterate “a readiness to increase borrowing costs if necessary”.
Analysts say that world gold prices will likely find it difficult to break out in the short term, at least until there is clearer information about the Fed's monetary policy.
The weakening USD has pushed gold prices up above 2,300 USD
According to some experts, this is a way of pricing based on factors that do not yet exist. If the AI craze continues and the market bubble has not burst, the current price may still be considered cheap compared to future growth potential. However, because this index depends on expectations, the final results are still highly subjective.
XAU trading strategy when USD is highIn the market, investors are currently waiting for important US economic data later on June 27 on growth and unemployment data to gather more clues about the future of monetary policy. Data released earlier this week showed that US consumer confidence eased in June amid concerns about the economic outlook, but households remained optimistic about the labor market and expected to Inflation will moderate next year.
USD is dominating the marketGold fees are forecast to range strongly withinside the last days of the week. In the fast term, the treasured steel`s help stage is 2,three hundred USD/ounce and the resistance stage is 2,340 USD/ounce.
This treasured steel is attracting cash managers and hedge funds. Look at this need
Fed Governor Michelle Bowman on Tuesday reiterated her view that maintaining coverage quotes steady “for a while” will probably be sufficient to manipulate inflation, however additionally reiterated that she is open to growing spending Loan charges if necessary.
The marketplace has tilted toward the dollar after the discharge of financial facts highlighting the resilience of americaA economy, growing an possibility for the Fed to preserve excessive hobby quotes for longer.
The market has tilted towards the greenback following the releasGold prices are forecast to fluctuate strongly in the remaining days of the week. In the short term, the precious metal's support level is 2,300 USD/ounce and the resistance level is 2,340 USD/ounce.
This precious metal is attracting money managers and hedge funds. Look at this need
Fed Governor Michelle Bowman on Tuesday reiterated her view that keeping policy rates steady “for a while” will likely be enough to control inflation, but also reiterated that she is open to increasing spending Loan fees if necessary.
The market has tilted towards the greenback after the release of economic data highlighting the resilience of the US economy, creating an opportunity for the Fed to maintain high interest rates for longer.
Gold falls mainly for XAU to riseWorld gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world
In the long term, the upward trend in gold prices remains unchanged. However, in the short term, precious metals continue to be under selling pressure due to a strong USD and the rather cautious monetary policy of the US Federal Reserve (Fed).
The personal consumption expenditures (PCE) price index is awaited on Friday
XAU weakens as USD risesGold prices continue to be influenced mainly by US interest rate expectations. And the stability in recent sessions reflects the lack of strong signals on the Fed's monetary policy.
World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world
Gold price dropped sharply mainly due to the increase in USD price. DXY index
The Fed still follows the trend of delaying interest rate cuts to wait for US macro signals, especially inflation data.
Investors are waiting for information about the personal consumption expenditure price index (PCE), expected to be announced this Friday. This is an important measure of the health of the US economy,
Gold futures prices recorded modest gains at the beginning of the week, mainly due to the weakening of the USD. The USD index dropped quite sharply, contributing significantly to the rise of gold. Investors are preparing for a busy final week of the month with several important economic reports due for release.
GOLD IS BULLISH ABOVE 2325 till 2335 2340 2345.Good Morning Traders,
Till the time gold is moving above 2325
we can see more up levels 2335 22340 and 2345.
If Gold will break 2325 and sustain below then only
we can see 2310 2302 and 2298
Our preference is sell from high
Plan accordingly, Happy Trading 😉
GOLD is Bullish above 2315 till 2330 2340 2345 Good Morning Traders,
Till the time gold is moving above 2315
we can see more up levels 2330 22335 and 2345.
If Gold will break 2315 and sustain below then only
we can see 2310 2302 and 2290
Our preference is buy from Dip and
sell from top
Plan accordingly, Happy Trading 😉
Gold bearish below 2315 and bullish above 2315 mostly consolidatGood Morning Traders,
Till the time gold is moving below 2315
we can see more low levels 2295 2285 and 2280.
If Gold will break 2315 and sustain above then only
we can see 2324 2330 and 2338
Our preference is buy from Dip and
sell from top
Plan accordingly, Happy Trading😉
Gold is bearish below 2315 can touch 2300 2387 2377Good Morning Traders,
Till the time gold is moving below 2315
we can se more low levels 2300 2380 and 2377.
If Gold will break 2315 and sustain above then only
we can see 2330 2342 and 2356
Our preference is sell from high,
Plan accordingly, Happy Trading 😊
Gold is bearish below 2310 2315. Next is 2287 2270 Good Morning Traders,
Till the time gold is moving below 2310 and 2315
we can se more low levels 2287 2270 and 2260.
If Gold will break 2310 and sustain above then only
we can see 2340 2345 and 2356
Our preference is sell from high,
Plan accordingly, Happy Trading
Gold is bullish above 2360 2362 till 2385 2395Good Morning Traders,
Till the time gold is moving above 2360 and 2362
we can se more above levels 2380 2385 and 2390 2395.
If Gold will break 2360 and sustain below then only
we can see 3450 2345 and 2340
Reson for gold bullishness is
Israel’s war on Gaza updates:At least 40 people died
in the strike on the United Nations-run school in Nuseirat, medical workers at the nearby Al-Aqsa Martyrs Hospital said.
Our preference is sell from high and buy from dip
Plan accordingly, Happy Trading 😊
Gold is bullish above 2355, can reach 2375 2380 and 2385Good Morning Traders,
Till the time gold is moving above 2350
we can se more above levels 2365 2370 and 2380.
If Gold will break 2350 and sustain below then only
we can see 2345 2340 and 2330
Reson for gold bullishness is
Israel’s war on Gaza updates:
Dozens dead as Israel attacks on refugee camps
Our preference is sell from high,
Plan accordingly, Happy Trading 😊
NZDUSD - LONG ENTRYSymbol - NZDUSD
NZDUSD is currently trading at 0.58750
I'm seeing a trading opportunity on buy side.
Buying NZDUSD pair at CMP 0.58750
I will be adding more if 0.58000 comes & will hold with SL of 0.56600
Targets I'm expecting are 0.59650 - 0.60500 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
USDTHB - TIME FOR PRICE REVERSAL & A CORRECTION ?Symbol - USDTHB
USDTHB is currently trading at 37.064
I'm seeing a trading opportunity on sell side.
Shorting USDTHB pair at CMP 37.064
I will be adding more if 37.400 comes & will hold with SL of 37.620
Targets I'm expecting are 36.400 - 36.000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
EURUSD SHORTFOREXCOM:EURUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
XAU increased while US inflation cooledYesterday, lower-than-expected monthly CPI and Retail Sales data in the US supported the possibility of multiple interest rate cuts by the Fed in 2024. US CPI decelerated to 0.3% in April, lower than the expected level of 0.4%. While Retail Sales were flat, missing the expected increase of 0.4%.
The DXY index fluctuates around 104.20. The decline in US government bond yields is weakening the USD. US government bond yields for 2-year and 10-year terms were at 4.71% and 4.32 respectively after the data was published.
Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers.
Gold prices increased because tensions in Ukraine and the Middle East still show no signs of cooling down. Russia is attacking on many fronts in Ukraine and fierce fighting is occurring. Meanwhile, in the Middle East, Iran recently said it would create a nuclear bomb if threatened by Israel.
EURJPY- JPY BULLET TRAIN MAY TAKE A HALT & REVERSE ITS DIRECTIONSymbol - EURJPY
EURJPY is currently trading at 168.200
I'm seeing a trading opportunity on sell side.
Shorting EURJPY pair at CMP 168.200
I will be adding more if 168.600 comes & will hold with SL of 169.000
Targets I'm expecting are 165.400 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!