XAUUSD H4: Technical and Fundamental Analysis Setups
XAUUSD H4: Technical and Fundamental Analysis Setups
XAUUSD
The price of gold (XAU/USD) continues its upward trend for the fourth consecutive trading session on Tuesday. The outlook for the precious metal improved as comments from Federal Reserve (Fed) policymakers that inflation is largely moving in the right direction softened the impact of January's stubborn consumer price indices (CPI) and producer price index (PPI).
Federal Reserve policymakers' confidence that inflation will slow over the long term has reduced the opportunity cost of holding high-yielding assets such as gold. Meanwhile, investors await the minutes of the Federal Open Market Committee (FOMC) for the first monetary policy meeting of 2024. The FOMC minutes show the timing of the three rate cuts as predicted by the Fed.On the economic front, gold prices and the US dollar will be guided by advance February SandP Global PMI data on Thursday. The US manufacturing PMI is expected to exceed the 50.0 threshold for the second month in a row at 50.5. Good manufacturing data would have a negative impact on gold prices.
XAUUSD
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XAUUSD
The price of gold (XAU/USD) continues its upward trend for the fourth consecutive trading session on Tuesday. The outlook for the precious metal improved as comments from Federal Reserve (Fed) policymakers that inflation is largely moving in the right direction softened the impact of January's stubborn consumer price indices (CPI) and producer price index (PPI).
Federal Reserve policymakers' confidence that inflation will slow over the long term has reduced the opportunity cost of holding high-yielding assets such as gold. Meanwhile, investors await the minutes of the Federal Open Market Committee (FOMC) for the first monetary policy meeting of 2024. The FOMC minutes show the timing of the three rate cuts as predicted by the Fed.On the economic front, gold prices and the US dollar will be guided by advance February SandP Global PMI data on Thursday. The US manufacturing PMI is expected to exceed the 50.0 threshold for the second month in a row at 50.5. Good manufacturing data would have a negative impact on gold prices.
XAUUSD
NOTE : 📬 COMMENT, ✅LIKE AND ☑️ FOLLOW. THIS CAN HELP ME TO ANALYSE THE MARKET MORE EFFICIENTLY FOR YOU.
Trade active:
Gold is following my streak
Trade active:
Gold reached 2016 low after hitting 2034 high and clear message to fall more in the deep.
Trade closed: target reached:
target achieved almost 90%