XAUUSD | GOLDSPOT | New perspective | follow-up details
In the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate retaliation.
Meanwhile, US front, robust US Retail Sales figures from last week triggered a reevaluation of interest rate expectations, propelling the US 10-year note yield to levels not seen since November 2023, reaching a peak of 4.696%. Atlanta Fed’s Raphael Bostic cautioned against persistently high inflation, signalling a challenging path ahead for the central bank. Yet, New York Fed President John Williams struck a more measured tone, highlighting the Fed's data-driven approach and its current stance on monetary policy.
As market sentiment fluctuates, the CME FedWatch Tool hints at a shift in sentiment for potential rate cuts, with September earmarked as a likely window for action. Against this backdrop, this video delves into the technical intricacies of the XAUUSD chart. Through the lens of price action analysis, we unravel the behavioural patterns driving market dynamics and offer insight into potential price movements for the week ahead.
XAUUSD Technical Overview:
In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities.
Our focus for the upcoming week centres around the $2,365 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,365 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Meanwhile, US front, robust US Retail Sales figures from last week triggered a reevaluation of interest rate expectations, propelling the US 10-year note yield to levels not seen since November 2023, reaching a peak of 4.696%. Atlanta Fed’s Raphael Bostic cautioned against persistently high inflation, signalling a challenging path ahead for the central bank. Yet, New York Fed President John Williams struck a more measured tone, highlighting the Fed's data-driven approach and its current stance on monetary policy.
As market sentiment fluctuates, the CME FedWatch Tool hints at a shift in sentiment for potential rate cuts, with September earmarked as a likely window for action. Against this backdrop, this video delves into the technical intricacies of the XAUUSD chart. Through the lens of price action analysis, we unravel the behavioural patterns driving market dynamics and offer insight into potential price movements for the week ahead.
XAUUSD Technical Overview:
In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities.
Our focus for the upcoming week centres around the $2,365 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,365 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Trade active:
UPDATE
Trade active:
STRUCTURAL UPDATE
Secure some profit
Secure some profit
Trade active:
Another sell position triggered; secure some profit
Trade active:
#XAUUSD
STRUCTURAL UPDATE
STRUCTURAL UPDATE
Trade active:
Gold prices are facing significant downward pressure, with five active sell positions currently yielding over 1,400 pips in profit.
Despite recent geopolitical tensions, particularly the overnight attack on US forces in the Middle East, investor sentiment remains cautiously optimistic. There is hope that the conflict between Iran and Israel will not escalate further. Additionally, expectations that the Federal Reserve may delay interest rate cuts have contributed to weakening demand for gold, which typically performs well in times of uncertainty.
Given the current market conditions, it is prudent to secure all positions as market participants may adopt a wait-and-see approach ahead of key economic data releases, including the US Q1 GDP report and the Personal Consumption Expenditures (PCE) Price Index. This could lead to either extended sideways trading or a retracement in gold prices.
Stay tuned to this page for positional updates.
Good Morning
Despite recent geopolitical tensions, particularly the overnight attack on US forces in the Middle East, investor sentiment remains cautiously optimistic. There is hope that the conflict between Iran and Israel will not escalate further. Additionally, expectations that the Federal Reserve may delay interest rate cuts have contributed to weakening demand for gold, which typically performs well in times of uncertainty.
Given the current market conditions, it is prudent to secure all positions as market participants may adopt a wait-and-see approach ahead of key economic data releases, including the US Q1 GDP report and the Personal Consumption Expenditures (PCE) Price Index. This could lead to either extended sideways trading or a retracement in gold prices.
Stay tuned to this page for positional updates.
Good Morning
Trade closed manually:
Having successfully exited sell positions with substantial gains, I am currently observing Gold's recovery, which has managed to erase a considerable portion of yesterday's losses. The 10-year US Treasury bond yield remains subdued below 4.6%, supported by tepid US PMI data, thereby lending a supportive backdrop to XAU/USD. However, it's pertinent to note that I have refrained from initiating any positions on XAU/USD today as I await a significant setup before committing to a trade. Specifically, we are monitoring for potential reversal signals around the $2,330 level or the possibility of bearish continuation following a breakdown/retest of $2,299 zone. Should price action breakout/retest of $2,329 zone, it would signal an opportunity to consider buying potential.
Comment:
#XAUUSD
STRUCTURAL UPDATE | 15 Min Timeframe
STRUCTURAL UPDATE | 15 Min Timeframe
Comment:
The Gold price (XAU/USD) has been struggling to gain momentum and remains range-bound in the last 18 hours, indicating the prevailing uncertainty in the market.
The global risk sentiment has improved due to the easing concerns about further escalation of geopolitical tensions in the Middle East. This, along with some US Dollar (USD) dip-buying, supported by hawkish Federal Reserve (Fed) expectations, acts as a headwind for the non-yielding yellow metal.
Market participants are waiting for this week's key US macro data, including the Advance Q1 GDP report and the Personal Consumption Expenditures (PCE) Price Index, to gain cues about the Fed's rate cut path before taking fresh directional bets.
Today's release of US Durable Goods Orders may influence the USD price dynamics and produce short-term trading opportunities around the Gold price. Therefore, waiting for a sustained breakout or breakdown of the range for potential trading opportunities is prudent. We will discuss this in detail during our upcoming live session.
Good MOrning
The global risk sentiment has improved due to the easing concerns about further escalation of geopolitical tensions in the Middle East. This, along with some US Dollar (USD) dip-buying, supported by hawkish Federal Reserve (Fed) expectations, acts as a headwind for the non-yielding yellow metal.
Market participants are waiting for this week's key US macro data, including the Advance Q1 GDP report and the Personal Consumption Expenditures (PCE) Price Index, to gain cues about the Fed's rate cut path before taking fresh directional bets.
Today's release of US Durable Goods Orders may influence the USD price dynamics and produce short-term trading opportunities around the Gold price. Therefore, waiting for a sustained breakout or breakdown of the range for potential trading opportunities is prudent. We will discuss this in detail during our upcoming live session.
Good MOrning
Trade closed manually:
#XAUUSD
After identifying a new structural setup, I've opted to close my sell position at break even. Now, I'm on the lookout for fresh trading prospects, especially with the US Durable Goods Order data on the horizon. For the sell position, I'm waiting for confirmation signals before jumping back in, ensuring we align with the ongoing bearish trend.
After identifying a new structural setup, I've opted to close my sell position at break even. Now, I'm on the lookout for fresh trading prospects, especially with the US Durable Goods Order data on the horizon. For the sell position, I'm waiting for confirmation signals before jumping back in, ensuring we align with the ongoing bearish trend.
Comment:
Yesterday, we witnessed a couple of setbacks as price action hit stop-losses amid choppy market conditions, likely influenced by the upbeat Durable Goods Orders for March and it appears that traders seem cautious, refraining from making fresh directional bets ahead of the preliminary reading of the US first-quarter GDP, scheduled for later today.
During the Asian session, Gold (XAU/USD) attracted dip-buying near the $2,315 mark as the US Dollar (USD) encountered renewed selling pressure. This uptick in gold prices was supported by a slight deterioration in global risk sentiment.
Looking ahead, market focus remains fixated on key US macroeconomic data, notably the Advance Q1 GDP report scheduled for release later today, followed by the Personal Consumption Expenditures (PCE) Price Index on Friday. The latter holds significant importance as it will shape market expectations regarding the Federal Reserve's future policy decisions. Consequently, this could impact USD demand and provide meaningful momentum to gold prices.
Given these upcoming data releases and their potential implications for market sentiment, it is advisable to await robust follow-through buying before confirming the completion of the corrective slide in gold prices and considering further positioning for potential gains.
Good Morning
During the Asian session, Gold (XAU/USD) attracted dip-buying near the $2,315 mark as the US Dollar (USD) encountered renewed selling pressure. This uptick in gold prices was supported by a slight deterioration in global risk sentiment.
Looking ahead, market focus remains fixated on key US macroeconomic data, notably the Advance Q1 GDP report scheduled for release later today, followed by the Personal Consumption Expenditures (PCE) Price Index on Friday. The latter holds significant importance as it will shape market expectations regarding the Federal Reserve's future policy decisions. Consequently, this could impact USD demand and provide meaningful momentum to gold prices.
Given these upcoming data releases and their potential implications for market sentiment, it is advisable to await robust follow-through buying before confirming the completion of the corrective slide in gold prices and considering further positioning for potential gains.
Good Morning
Trade active:
Currently, we have two buy positions running. Gold is still encountering challenges in sustaining significant buying momentum, largely due to the resurgence of USD demand.
Market participants seem to be overlooking the recent weaker US GDP figures, as the prevailing sentiment suggests a delay in interest rate cuts by the Federal Reserve (Fed) due to persistent inflationary pressures. Consequently, this has led to a resurgence in demand for the US Dollar (USD), further bolstered by a positive sentiment surrounding equity markets, which is proving to be a deterrent for the safe-haven appeal of Gold.
Despite the downward pressure on Gold prices, the downside appears to be tempered as USD bulls are exercising caution and awaiting further signals regarding the Fed's stance on rate cuts before committing to new positions. The upcoming release of the US Personal Consumption Expenditures (PCE) Price Index is anticipated to be a pivotal factor. This inflation data will significantly influence the Fed's future policy decisions, thereby shaping USD demand and determining the future trajectory for safe-haven assets like Gold.
In light of these developments, it is advisable to adjust stop-loss levels and secure profits accordingly. Further insights into the current market dynamics will be provided in our upcoming live session.
Good Morning.
Market participants seem to be overlooking the recent weaker US GDP figures, as the prevailing sentiment suggests a delay in interest rate cuts by the Federal Reserve (Fed) due to persistent inflationary pressures. Consequently, this has led to a resurgence in demand for the US Dollar (USD), further bolstered by a positive sentiment surrounding equity markets, which is proving to be a deterrent for the safe-haven appeal of Gold.
Despite the downward pressure on Gold prices, the downside appears to be tempered as USD bulls are exercising caution and awaiting further signals regarding the Fed's stance on rate cuts before committing to new positions. The upcoming release of the US Personal Consumption Expenditures (PCE) Price Index is anticipated to be a pivotal factor. This inflation data will significantly influence the Fed's future policy decisions, thereby shaping USD demand and determining the future trajectory for safe-haven assets like Gold.
In light of these developments, it is advisable to adjust stop-loss levels and secure profits accordingly. Further insights into the current market dynamics will be provided in our upcoming live session.
Good Morning.
Trade active:
Secure buy positions
Comment:
#XAUUSD
New structure identified on the 15 Minutes timeframe ahead of the release of the Core PCE data today. Please ensure all buy positions are secured.
New structure identified on the 15 Minutes timeframe ahead of the release of the Core PCE data today. Please ensure all buy positions are secured.
Trade active:
All buy positions closed as a sell position just got triggered
Trade active:
#XAUUSD
Please secure the position due to the intended volatility
Please secure the position due to the intended volatility
Comment:
#XAUUSD
Sell position closed at break-even as the Core PCE came in beyond expectation. Please note that the levels on the chart remain valid for new trading opportunities depending on how market participants react to this data.
Sell position closed at break-even as the Core PCE came in beyond expectation. Please note that the levels on the chart remain valid for new trading opportunities depending on how market participants react to this data.
Trade active:
#XAUUSD
Sell position triggered
Sell position triggered
Trade active:
#XAUUSD
Secure sell position now as we look out for new trading opportunity
Secure sell position now as we look out for new trading opportunity
Trade smart. Trade consciously
From a technical perspective, the ascending trendline in our recent video has been breached. This raises questions about potential profit-taking activities. A retest of this structure could present an opportunity to enter the market. Our focus today will be on the newly identified chart levels, which will guide our trading decisions.
We will delve deeper into this market dynamic during our upcoming live session this morning.
Good Morning