XAUUSD | GOLDSPOT | New perspective | follow-up details
Actualizado
In this educational video, we delve into the recent surge in gold prices. There has been a notable uptick in gold prices, with XAU/USD recently surpassing the $2,400 mark, for the first time in almost a month. This surge in gold prices has piqued the interest of traders and investors, prompting speculation about the underlying factors driving this upward trend.
The relationship between gold prices and the 10-year US yield, which has remained steady at around 4.4%, has been a focal point for market observers. The cautious sentiment prevailing in the market in recent weeks has provided a supportive backdrop for XAU/USD, offering a degree of stability amidst ongoing uncertainties.
A key development that has influenced market dynamics is the release of softer-than-expected US inflation data for April. This has raised hopes among market participants for potential rate cuts by the US Federal Reserve (Fed), fueling bullish momentum and hinting at potential shifts in market behavior in the near future.
However, the Fed's cautious approach to maintaining higher borrowing costs has introduced a note of uncertainty. The central bank's reluctance to rush into interest rate cuts has the potential to strengthen the US Dollar (USD) and exert downward pressure on gold prices, as higher interest rates could dampen demand for the non-yielding asset.
In light of this recent twist in the perspective of the Fed, how will the market react? This video gives a detailed understanding of the behavioural patterns of market participants ahead of the upcoming week.
XAUUSD Technical Overview:
In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives.
Our focus for the upcoming week is the crucial $2,400 zone, which has significant historical importance and is likely to influence trading activity. If gold maintains its momentum above this level, we could see continued buying interest and potentially new highs. On the other hand, if prices fall below $2,400 and selling pressure continues, it might indicate a shift back to bearish sentiment.
Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights.
#GoldAnalysis #XAUUSD #NFP #ForexTrading #MarketAnalysis #TradingStrategy
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Margin trading in forex, commodities, CFDs, stocks, and other instruments carries high risk and may not suit all investors. This content is for educational purposes only to assist with independent investment decisions and is provided for reference. Evaluate your investment experience, financial situation, objectives, and risk tolerance carefully. Consult an independent financial advisor before making any investments. I do not guarantee the accuracy of the information provided and am not liable for any loss or damage from its use. Past performance is not indicative of future results.
The relationship between gold prices and the 10-year US yield, which has remained steady at around 4.4%, has been a focal point for market observers. The cautious sentiment prevailing in the market in recent weeks has provided a supportive backdrop for XAU/USD, offering a degree of stability amidst ongoing uncertainties.
A key development that has influenced market dynamics is the release of softer-than-expected US inflation data for April. This has raised hopes among market participants for potential rate cuts by the US Federal Reserve (Fed), fueling bullish momentum and hinting at potential shifts in market behavior in the near future.
However, the Fed's cautious approach to maintaining higher borrowing costs has introduced a note of uncertainty. The central bank's reluctance to rush into interest rate cuts has the potential to strengthen the US Dollar (USD) and exert downward pressure on gold prices, as higher interest rates could dampen demand for the non-yielding asset.
In light of this recent twist in the perspective of the Fed, how will the market react? This video gives a detailed understanding of the behavioural patterns of market participants ahead of the upcoming week.
XAUUSD Technical Overview:
In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives.
Our focus for the upcoming week is the crucial $2,400 zone, which has significant historical importance and is likely to influence trading activity. If gold maintains its momentum above this level, we could see continued buying interest and potentially new highs. On the other hand, if prices fall below $2,400 and selling pressure continues, it might indicate a shift back to bearish sentiment.
Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights.
#GoldAnalysis #XAUUSD #NFP #ForexTrading #MarketAnalysis #TradingStrategy
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Margin trading in forex, commodities, CFDs, stocks, and other instruments carries high risk and may not suit all investors. This content is for educational purposes only to assist with independent investment decisions and is provided for reference. Evaluate your investment experience, financial situation, objectives, and risk tolerance carefully. Consult an independent financial advisor before making any investments. I do not guarantee the accuracy of the information provided and am not liable for any loss or damage from its use. Past performance is not indicative of future results.
Operación activa
Gold prices have surged to a new all-time high, reaching the $2,450 mark during the Asian session. This spike is driven by renewed expectations of interest rate cuts from the US Federal Reserve, coupled with escalating geopolitical tensions in the Middle East.Market participants are now keenly awaiting speeches from several Federal Reserve officials, including Bostic, Barr, Waller, Jefferson, and Mester. Their commentary could provide valuable insights into the future direction of monetary policy. It is important to note that any cautious or hawkish remarks from these officials could potentially cap the uptrend continuation.
Given these recent developments, our trading strategy will be guided by the newly identified levels on the 1-hour timeframe.
Good Morning.
Nota
All buy positions closed with profit and as discussed during our live session this morning - a reversal pattern appears to be evolving on the 15 minutes timeframeOperación activa
#XAUUSDSell position triggered; secure position now
Operación activa
#XAUUSDUPDATE
Operación activa
#XAUUSDThree sell position triggered; secure positions
Operación activa
#XAUUSDUPDATE
All sell positions are now in profit; secure some profit now as we look forward to seeing how the market will react to the $2,400 zone [as discussed during our live session this morning].
Operación cerrada manualmente
#XAUUSDAll sell positions closed with a minimum of 200 pips profit. We are to monitor price action around $2,416 and $2,400 zone for a reversal set-up [possible on a lower time frame] to confirm the uptrend continuation. Please note that the levels illustrated on the chart remain valid for new trading opportunities.
Operación activa
#XAUUSDBuy position triggered; secure position
Operación activa
#XAUUSDSecure some profit
Nota
After realizing over 250 pips in profit from both sell and buy positions during yesterday's trading session, price action has retraced back to the zone where the week's trading activity commenced, coinciding with the ascending trendline.The question today revolves around whether the price will respect the ascending trendline. Could the loss of momentum following yesterday's record high signal a retracement in anticipation of the uptrend continuation?
Factors such as heightened speculation regarding interest rate cuts by the US Federal Reserve (Fed), persistent geopolitical tensions, and sustained demand from central banks and Asian buyers may lend support to the price of gold.
Today's market sentiment will largely hinge on the speeches from Fed reserve officials scheduled for today. It's imperative to acknowledge that any hawkish stance from them could bolster the US Dollar, potentially exerting downward pressure on gold prices.
As we navigate through today's trading activity, the levels depicted on the chart will serve as our guide.
Good Morning
Operación activa
#XAUUSDUPDATE
Buy position triggered; secure position
Operación activa
Gold prices continue to oscillate within a tight range above our week's key level at the $2,400 zone during the Asian session, consolidating recent losses. This behaviour may be attributed to market anticipation of the release of the Minutes from the US Federal Reserve's May policy meeting, which is expected to provide fresh market direction.Federal Reserve (Fed) members have expressed caution, indicating that the central bank requires more evidence of easing inflation before considering interest rate cuts. This stance suggests a likelihood of maintaining higher rates for an extended period, potentially strengthening the US Dollar and putting downward pressure on gold prices.
However, mitigating factors include renewed US-China trade tensions, geopolitical uncertainties in the Middle East, and sustained demand from central banks and Asian buyers, offering some support to gold prices.
Later today, market participants will closely monitor the release of the FOMC Minutes and a speech by Fed's Goolsbee for insights into future monetary policy decisions.
The levels on the chart remain crucial in identifying trading opportunities, with particular attention to the ascending trendline, which may guide the potential trajectory of price action.
Good Morning
Nota
#XAUUSDSTRUCTURAL UPDATE
Operación activa
#XAUUSDTwo sell positions triggered and we currently have over 400 pips in profit. Kindly secure some profit now as we look out for new trading opportunities.
Operación activa
#XAUUSDSTRUCTURAL UPDATE
Ensure all sell positions are secured as we look out for new trading opportunities.
Operación activa
Currently, we have three active sell positions, yielding over 1,000 pips in profit, as Gold prices continue it's downtrend. This recent decline may be attributed to the hawkish tone found in the Minutes from the US Federal Reserve's (Fed) May policy meeting.The hawkish sentiment, evident in the FOMC minutes from yesterday, suggests a more cautious approach by the Fed in maintaining its restrictive policy stance. Consequently, this has led to a strengthening of the US Dollar and exerted downward pressure on gold prices.
Today, all eyes are on key economic indicators like the US Manufacturing and Services Purchasing Managers Index (PMI) for May. Should these figures come in weaker than anticipated, it could spur speculation of potential Fed rate cuts, thereby providing a lifeline for gold prices. Moreover, ongoing geopolitical tensions serve as another factor supporting gold prices, cushioning against further declines in the near term. Therefore, it's prudent to secure all positions at this point.
Additionally, today's economic calendar includes crucial events such as the Chicago Fed National Activity Index, weekly Initial Jobless Claims, New Home Sales, and a speech by Fed’s Bostic. These events are anticipated to offer fresh insights for market participants.
Given these dynamics, the levels on the chart remain instrumental in guiding our trading decisions today.
Good Morning
Operación activa
Currently, we're managing four active sell positions, yielding over 1,200 pips profit, as Gold continues its downward trend for the fourth consecutive day. During the Asian session, there's been an attempt by the market to recover some of the losses, particularly after sellers failed to break down the $2,329.50 zone.However, this rebound may be limited due to diminishing expectations of a rate cut by the US Federal Reserve (Fed) in September. Despite this, the anticipation of safe-haven flows amidst escalating geopolitical tensions in the Middle East cannot be overlooked.
Today, market participants will closely monitor Fed's Waller's speech for potential insights. It's important to note that hawkish remarks from Fed policymakers typically exert downward pressure on gold prices. Additionally, a higher interest rate environment tends to negatively impact gold prices as it increases the opportunity cost of holding the yellow metal.
In addition to Fed speeches, today's release of the US Durable Goods Orders and Michigan Consumer Sentiment Index will provide further direction for the market.
Given these factors, it's prudent to secure existing sell positions while we await today's events and their potential impact on market dynamics.
Good Morning
Nota
#XAUUSDStructural update on 15 Minutes timeframe ahead of the US economic events today.
Operación cerrada: precio stop alcanzado
#XAUUSDStop-loss hit on the buy position as selling pressure resumes. The levels on the chart remain valid for new trading opportunities.
Trade smart. Trade consciously
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