US inflation data reinforces the prospect of an interest rate cut next month. Gold prices rose more than 1% in the weekend's trading session, while safe-haven demand triggered by rising geopolitical tensions in the Middle East.
The U.S. Department of Labor reported Friday that the Producer Price Index (PPI), a measure of wholesale prices, was unchanged in...
Gold (XAUUSD) gave us the short-term signal we wanted last week (October 07, see chart below) and after hitting our 2625 Target, it rebounded:
This rebound is technically the start of the new Bullish Leg of the 2-month Channel Up. If it repeats the previous Leg, then one last test of the 4H MA50 (blue trend-line) is possible before further upside, which is...
This week, OANDA:XAUUSD have continuously decreased in the early sessions of the week to nearly 2,602 USD/oz because market expectations about the monetary policy of the US Federal Reserve (FED) began to change. . Last week's strong jobs report, combined with a higher-than-expected rise in the Consumer Price Index (CPI), forced the market to temper expectations...
Gold is still bullish, and BUYS are still the best bet. There is the potential for an overdue retracement, but I suspect it will be limited. The formation of a +FVG will support higher prices, and we may get that on Monday's close.
Patience....
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon...
OANDA:XAUUSD rose on Friday (October 11), after US inflation data reinforced the prospect of lower interest rates this year, keeping the dollar below recent peaks, amid haven demand. Safety stemming from geopolitical tensions in the Middle East also boosted gold.
At the end of the trading session on October 11, the spot gold contract increased 1% to 2,656.09...
Gold / XAUUSD continues to trade inside June's Channel Up.
Its recent bearish leg has managed to find support on the 0.382 Fib and rebounded, closing today its 2nd straight green 1day candle.
This is the start of the new bullish leg and the minimum rise such a leg had inside the pattern was +7.55%.
With that in mind, buy and target 2800 by mid...
On Friday (October 11) in the Asian market, spot gold suddenly increased sharply in the short term. Gold price has just exceeded 2,645 USD/ounce, increasing more than 15 USD during the day.
While US CPI data was slightly higher than expected, US initial jobless claims data performed poorly. This caused the US Dollar index to decrease significantly. In addition,...
FX:XAUUSD is forming a double bottom from which a rally towards strong resistance is forming. CPI showed worse than expected data, surprisingly. Manipulation? Price has not yet moved out of the corrective channel. Ahead of PPI.
Annual inflation fell from 2.5% to 2.4% (expected 2.3%). The probability of a 0.25% interest rate cut in November rose to 86% (vs....
As recent jobs data prompted investors to lower expectations for a sharp interest rate cut by the Federal Reserve in November, and as tensions in the Middle East showed signs of easing, gold prices fell. strong but it seems this is just a profit-taking move and not a downtrend with solid conditions.
Following last week's positive jobs report, the Fed is expected...
We finally saw the USD rebound I was beating the drum about back in September. But now it's hit a decent resistance zone, I weigh up its potential to hold its ground or producer a deeper pullback. Markets covered include the USD index, EUR/USD and gold.
MS.
OANDA:XAUUSD maintained a moderate intraday recovery after yesterday's sharp decline. Gold price is currently trading around 2,611 USD/ounce.
Minutes of the Federal Reserve's September meeting showed that the vast majority of Fed officials favored a significant 50 basis point interest rate cut. Traders' focus now turns to the US CPI data released today.
Today...
Silver (along with every other beaten down commodity) exploded on the news of China's stimulus! Unfortunately for silver bugs "somebody" was lying in wait with a mighty big hammer when it poked its head above 32.50.
In a vacuum the fundamentals (supply/demand) are incredibly bullish. However in the macro context of China's housing and economic woes there is a...
GOLD | XAUUSD is in consolidation currently. I am waiting for it to touch down at the Weekly +FVG and move higher. I'm interested more in long setups versus shorts. Patience usually pays, so I wait and watch for valid setups to form this week.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon...
FX:XAUUSD stops testing local highs. Strong growth has stopped and the price is being squeezed between the boundaries of the narrowing consolidation. The exit of the price from the figure will be accompanied by an impulse...
Last week changed the general fundamental background, gold traders are getting nervous and moving into a phase of profit taking on the...
OANDA:XAUUSD Continuing to maintain the recovery trend with a slight increase in the Asian trading session on October 4, gold is currently trading at 2,661 USD/oz, a slight increase equivalent to 0.21% on the day and about 5 USD as of today. the time the article was completed.
Investors will release the US nonfarm payrolls report, which is expected to cause...
OANDA:XAUUSD It is still trading quite stably as at the beginning of the week there were no macro data or events that created a shock on the market.
On Tuesday (October 8) in the Asian market, spot gold is currently trading around 2,643 USD/ounce.
OANDA:XAUUSD weakened on Monday due to a significant rise in US bond yields, but gold's decline was limited as...
![XAUUSD: GOLD MARKET ANALYSIS AND COMMENTARY - [Oct 14 - Oct 18]](https://s3.tradingview.com/1/18J9x3P8_mid.png "GOLD MARKET ANALYSIS AND COMMENTARY - [Oct 14 - Oct 18]")
