XAUUSD | GOLDSPOT | New perspective | follow-up detail
Mis à jour
The Federal Reserve delivered a surprise 50 basis point rate cut, sending gold prices skyrocketing past $2,600! 🤯 This larger-than-expected cut underscores the Fed's commitment to maintaining low unemployment as inflation continues to ease. 📉
🚨 Gold prices surged past $2,600, reaching all-time highs as speculation grows that the Fed will keep lowering borrowing costs. Along with rising geopolitical tensions in the Middle East, global central banks are now expected to follow the Fed's path of easing monetary policy and slashing interest rates. 🌍
The Fed’s December 2024 fund rate futures suggest another significant drop, with 53 basis points expected across the final two meetings this year. Markets are now pricing in a 25 bps cut in both November and December.
📅 What’s Next? Looking ahead to next week, key Fed figures like Atlanta Fed’s Raphael Bostic, Chicago’s Austan Goolsbee, and Minnesota’s Neel Kashkari will take center stage. Important data releases, including S&P Global Flash PMIs, housing data, and the Fed’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, will also play a vital role in shaping the XAU/USD outlook.
🔍 In this video, we analyze the technical structure of the gold chart and key fundamental factors to prepare for next week's trading.
XAUUSD Technical Overview:
This week, we're focusing on the $2,590 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#GoldPrices #XAUUSD #FederalReserve #InterestRates #JeromePowell #RateCuts #MiddleEastTensions #GoldTechnicalAnalysis #FOMC #MarketAnalysis #Inflation #GoldTrading #ForexTrading📺🔔💼
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.
🚨 Gold prices surged past $2,600, reaching all-time highs as speculation grows that the Fed will keep lowering borrowing costs. Along with rising geopolitical tensions in the Middle East, global central banks are now expected to follow the Fed's path of easing monetary policy and slashing interest rates. 🌍
The Fed’s December 2024 fund rate futures suggest another significant drop, with 53 basis points expected across the final two meetings this year. Markets are now pricing in a 25 bps cut in both November and December.
📅 What’s Next? Looking ahead to next week, key Fed figures like Atlanta Fed’s Raphael Bostic, Chicago’s Austan Goolsbee, and Minnesota’s Neel Kashkari will take center stage. Important data releases, including S&P Global Flash PMIs, housing data, and the Fed’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, will also play a vital role in shaping the XAU/USD outlook.
🔍 In this video, we analyze the technical structure of the gold chart and key fundamental factors to prepare for next week's trading.
XAUUSD Technical Overview:
This week, we're focusing on the $2,590 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#GoldPrices #XAUUSD #FederalReserve #InterestRates #JeromePowell #RateCuts #MiddleEastTensions #GoldTechnicalAnalysis #FOMC #MarketAnalysis #Inflation #GoldTrading #ForexTrading📺🔔💼
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.
Commentaire
Gold prices surged to all-time highs during the Asian session, fueled by a softer US Dollar and expectations of deeper rate cuts from the Federal Reserve. As the Fed begins its monetary easing cycle, lower interest rates are driving demand for non-yielding assets like gold.
Escalating tensions in the Middle East, especially the conflict between Hezbollah and Israel, are adding to the safe-haven appeal of gold as investors seek shelter from geopolitical risks.
Looking ahead, all eyes will be on the US PMI data later today. A stronger-than-expected result could support the USD, potentially weighing on gold. Additionally, forced liquidation of short positions could push gold even higher, despite rising bond yields creating headwinds.
The newly identified structure on the chart will be our guiding light for today's trading activity.
Good Morning
Transaction en cours
Just as discussed during our live stream this morning; we have two active buy positions with a minimum of 120 pips in profit. Secure some profit now
Transaction en cours
Gold (XAU/USD) has pulled back slightly after hitting a fresh all-time high near $2,640. A rise in US Treasury yields boosted demand for the US Dollar, leading to some profit-taking on gold as it showed signs of being overbought on the higher timeframes.
However, any significant dip in Gold prices seems limited, with expectations growing for more aggressive Fed rate cuts. Add to this the ongoing geopolitical risks, political uncertainty in the US, and a gloomy global economic outlook—all of which keep Gold’s safe-haven appeal intact. We'll be keeping a close eye on how prices react around the $2,626 zone for potential trade setups as we await Fed Governor Michelle Bowman's speech for further direction.
Good Morning
Trade fermée manuellement
#XAUUSD
15-Min Timeframe
All buy positions closed as selling pressure started to build. Now, it’s all about watching how the price reacts to the $2,626 zone—that will guide our next move.
Transaction en cours
#XAUUSD
Approximately 300 pips in profit from two buy positions; secure some profit now.
Transaction en cours
Gold prices have been consolidating within a range over the last 24 hours, reflecting the current market uncertainty. However, rising tensions in the Middle East and concerns over China's economic recovery, despite recent stimulus measures, could still provide support for safe-haven assets like gold.
At this stage, bullish traders seem hesitant to commit, waiting for clearer signals on the Fed’s rate-cut path before making fresh moves. All eyes are on key FOMC speeches, including Fed Chair Jerome Powell, which could heavily influence USD dynamics. Additionally, today’s US macro data—Q2 GDP, Initial Jobless Claims, and Durable Goods Orders—may present short-term trading opportunities.
Ensure any open buy positions are secured. I'll be sharing a potential short-term setup on the 15-minute timeframe shortly. Stay tuned.
Good Morning
Commentaire
#XAUUSD
STRUCTURAL UPDATE | 15 Min-Timeframe
Transaction en cours
#XAUUSD
So as discussed during our live session this morning; we have a buy position active with approximately 90 pips in profit as the US Core PCE came in below market expectation.
It is high time we secured some profit while we look out for new trading opportunities.
Trade smart. Trade consciously
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