XAUUSD | GOLDSPOT | New perspective | follow-up detail [8 - 12]

7 Jul

The gold price just hit a one-month high, and the Fed's next move is on everyone's mind!

The June US Nonfarm Payrolls (NFP) report showed a stronger-than-expected jobs gain, but revisions to previous months hinted at a cooling labor market. 📉

While average hourly earnings stayed flat month-over-month, they declined year-over-year, adding to concerns about economic growth.

All eyes are on the Fed: The recent string of weak economic data has increased expectations for an interest rate cut by September. The CME FedWatch tool shows the probability of a rate cut has jumped to 72%! 🚀

But it's not just the US economy driving gold's gains: The ongoing conflicts in the Middle East and Ukraine, along with the BRICS bloc's push for de-dollarization, are boosting demand for gold as a safe haven asset. 🛡️

This video breaks down the key market forces shaping gold's price, and how I'm using historical data on the charts and the economic calendar to plan my trading strategy this week. This analysis is crucial for understanding the current market trends and making informed decisions.

XAUUSD Technical Overview:
In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives.

Our attention is still fixed on the key level at $2,350 for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,350 might signal a resurgence of 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.

#Gold #GoldPrice #Fed #InterestRates #MarketAnalysis #Trading #EconomicCalendar #Geopolitics #BRICS #DeDollarization📺🔔💼

Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries 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.

8 Jul

Catatan

The XAUUSD market opened the week with a bearish trend. This could be attributed to a decline in gold purchases by the Chinese central bank for the second consecutive month in June as reported in official data released on Sunday.

However, rising speculation regarding a potential interest rate cut by the Federal Reserve in the third quarter could support gold prices. Additionally, political uncertainty in France might also contribute to an increase in gold demand.

At this juncture, market participants may prefer to closely monitor Federal Reserve Chair Jerome Powell's testimony to Congress on Tuesday. This will provide insights into the Fed's monetary policy outlook and potential impact on interest rates. Furthermore, the release of the US June Consumer Price Index (CPI) inflation data later this week will provide further information on inflation trends and influence the Fed's policy decisions.

A technical structure on the 1-hour timeframe has been identified to guide our trading decisions today. We will discuss this market dynamic extensively during our upcoming live session. See you soon!

Good Morning

8 Jul

Trade aktif

#XAUUSD

As discussed during our live session this morning; secure all sell positions as a new structural set-up that supports the uptrend continuation is identified on the 15-minute timeframe. Update coming soon

NB: The descending trendline is going to be playing a significant role in guiding our decision.

8 Jul

Catatan

#XAUUSD

STRUCTURAL UPDATE

8 Jul

Catatan

8 Jul

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#XAUUSD

UPDATE

Buy position closed in a loss as the sell position gets triggered at the $2,368.30 level. Please secure some profit now as we look out for new opportunities.

8 Jul

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#XAUUSD

Secure sell positions now as sellers struggle to test the $2,350. The emergence of a reversal set-up will indicate buying opportunities... However, a breakdown/retest of the $2,350 will welcome more selling opportunities.

9 Jul

Catatan

#XAUUSD

Following the 400-pip bearish move from yesterday's session, the Gold price (XAU/USD) appears to have regained momentum during the Asian session. The move higher is attributed to a weakening US Dollar (USD), fueled by growing expectations of an interest rate cut by the Federal Reserve (Fed) in September. This anticipation stems from the soft US employment data released last week.

Further bolstering the recent appeal for gold is the prevailing risk-off sentiment in the market. Political uncertainties in France and heightened geopolitical tensions in the Middle East are driving investors towards safe-haven assets like Gold.

However, the bearish potential cannot be underestimated as the People Bank of China (PBoC) refrained from purchasing Gold for the second consecutive month in June. This signals a potential dampener on demand for the gold.

Today, market participants will keenly monitor Fed Chair Jerome Powell's semi-annual Congressional testimony and speeches from Fed officials Michael Barr and Michelle Bowman for further insight.

Technically, the 1-hour timeframe reveals a structure that offers valuable directional guidance. Currently, Gold price trades above an ascending trendline, suggesting continued upward momentum. Nevertheless, a convincing breakdown/retest of this trendline could trigger a wave of selling pressure.

We will continue to monitor price action around the $2,350 and $2,365 levels for informed decision-making... Stay tuned for further updates as the market unfolds.

Good Morning

10 Jul

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Gold prices have seen renewed buying interest, building on the previous day's rebound as the US Dollar consolidates its recovery gains alongside US Treasury bond yields. Two buy positions were triggered as speculation mounts that the US Federal Reserve (Fed) is likely to start cutting rates as early as September, providing support for the non-yielding metal. Additionally, political uncertainties in Europe and globally continue to bolster Gold prices.

Today, market participants will be closely watching the second semi-annual testimony by Federal Reserve (Fed) Chair Jerome Powell, along with speeches by the Fed's Michelle Bowman and Austan Goolsbee. These events are expected to provide further insights into the Fed's policy outlook. Furthermore, the US Consumer Price Index (CPI) inflation data, scheduled for release tomorrow, will be crucial in shaping expectations for the US interest rate path.

In light of these developments, it is prudent to secure some profit from the existing buy positions while remaining vigilant for new trading opportunities. The current market dynamics suggest a continued focus on both fundamental and technical indicators to navigate the evolving landscape.

Stay tuned for more updates as we monitor price action and adjust our strategies accordingly.

Good Morning

10 Jul

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It is time to secure some profit

10 Jul

Trading ditutup secara manual

#XAUUSD

All buy position closed in profit as selling pressure resumes. We shall exercise patience to see how far this retracement will go before the next bullish move.

The levels indicated on the chart remains our guiding light.

11 Jul

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Gold prices continued their upward trajectory for a third consecutive day, driven by growing anticipation surrounding the release of the US Consumer Price Index (CPI) data later today. Market participants are keenly focused on the CPI report, hoping it will solidify expectations of a September US Federal Reserve interest rate cut.

Recent comments from Federal Reserve Chair Jerome Powell have fueled expectations of a rate-cutting cycle, leading to sustained downward pressure on the USD. This, combined with ongoing central bank gold purchases, persistent macroeconomic uncertainties, and geopolitical risks, has supported XAU/USD.

The key US CPI report will be crucial in determining the Fed's rate-cutting path and influencing USD demand. This will likely provide significant momentum for the commodity.

In anticipation of this event, it is prudent to secure some profit from the existing buy position while we look out for new trading opportunities. Stay tuned for my next update.

Good Morning

11 Jul

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#XAUUSD

New structural update ahead of today's US CPI data.

NB: Ensure all existing buy positions are duly secured

11 Jul

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#XAUUSD

Two buy positions triggered as CPI data comes in below market expectations; secure some profit now. Update coming soon

11 Jul

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#XAUUSD

It is over 400 pips in profit from the two active buy positions. Secure some more profit

11 Jul

Trading ditutup secara manual

#XAUUSD

UPDATE

After being taken out of the buy positions, we have a new trading set-up on the 15-time frame as we wait to see how far this retracement phase will go in anticipation of the uptrend continuation.

NB: All levels on the chart remain valid for new trading opportunities.

12 Jul

Catatan

Gold (XAU/USD) continued its upward trajectory on Thursday, reaching its highest point since May, driven by a softer-than-expected US inflation report. This has amplified market expectations for a rate cut by the Federal Reserve in September, bolstering gold's appeal as a safe-haven asset.

Currently, the market is experiencing a minor pullback from the recent two-month high at the $2,420 level. While this retracement is underway, it remains crucial to determine the extent of this correction before the uptrend resumes.

It's important to note that despite the current pullback, a significant bearish correction appears unlikely in the near term. This is primarily due to ongoing expectations of a Fed rate-cutting cycle, coupled with escalating political uncertainty in the US and Europe, geopolitical tensions, and concerns about a potential global economic slowdown. These factors are likely to continue providing tailwinds for gold hence this warrants caution for bears, and a buy window has been identified on the chart where we shall be looking for a reversal setup to continue the uptrend.

Today, market participants will focus on the release of the US Producer Price Index (PPI) and the University of Michigan Consumer Sentiment survey for fresh impetus. In anticipation of these events, the structure on the 1H timeframe will be our guiding light. We will delve into the current market dynamics extensively during our upcoming live session. See you soon!

Good Morning

12 Jul

Catatan

#XAUUSD

As discussed during our live session this morning, below is our revised trading set-up ahead of today's US macroeconomic data. Update coming up soon

12 Jul

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#XAUUSD

New trading set-up ahead of US Producer Price Index data.

12 Jul

Catatan

#XAUUSD

Uptrend Continuation pattern on 15Min Timeframe

12 Jul

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#XAUUSD

Sell position triggered as PPI data comes higher than market expectation.
Please note that the bullish perspective still remains intact as we wait for market participant to digest the recent data.

12 Jul

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#XAUUSD

Seller's struggle to gain traction despite a hot PPI data. We should also take into consideration that price action is currently oscillating within the BUY window we identified during our live session this morning hence we still can not ignore the potential of buying power. Update coming soon

12 Jul

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#XAUUSD

Sell position hit stop-loss while two buy positions are now triggered. Kindly secure some profit now as we look out for new trading opportunities

12 Jul

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UPDATE

12 Jul

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#XAUUSD

Three positions triggered;

15 Jul

Catatan

Below is the follow-up detail to the XAU/USD as we prepare for the new trading week [15th - 19th July 2024].