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Читать полностью…All eyes are on the US Federal Reserve meeting today. What you need to know?
📈 Predictions:
64% - down 0.5%
36% - down 0.25%.
The market reaction may be ambiguous: such an important event was preceded by “euphoric growth” of the markets. There is every reason to believe that the decline is already fully embedded in the price and the “Sell the news” scenario is waiting for us .
Important: Many “experts” are too optimistic in their forecasts. A rate cut does not guarantee immediate and sustained growth, especially with a 0.5% cut. It is more likely to be a cause for serious economic concern....
Moreover, historically, such periods have often coincided with localized tops. In the last two major rate cut cycles, the S&P 500 lost up to 50%, but that didn't happen overnight either. Be on the lookout.
👑 Ideas For #XAUUSD / #GOLD
📈 Is it worth going up against knives? No trading history
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GOLD is consolidating after a rally - a positive sign of an interested buyer. The focus is on the resistance at 2589, as well as on the lower boundary of consolidation ahead of the data on retail prices
In the short (mid) term, gold may form a small correction before a further rally, which will be triggered by lower interest rates. BUT! A 0.5% decline will be a strong signal for the dollar to fall and gold to rise, but a 0.25 decline will be partly disappointing information for investors who may react rather unpredictably (if there is a negative market reaction, it will be short-term as the overall tone of the markets is set by the actual rate cut cycle).
Later today, the US retail sales report will be released, which may give a short-term impact in the market before the main event of September, tomorrow....
Resistance levels: 2588, 2600, 2615, 2625
Support levels: 2575, 2563, 2500
At the moment it is possible to trade from the borders of the consolidation range. But high volatility on the background of news can provoke a breakout of this or that border. Accordingly, the resistance breakthrough may cause the continuation of the rally to 2610-2625. Break of support will send the price to liquidity zones before further growth
#GOLD Buy📈 at 2580
StopLoss❗️: 2576
Scalp trading:
Take Profit 1️⃣: at 2585
Standart trading:
Take Profit 2️⃣: at 2595
Swing trading:
Take Profit 3️⃣: at 2620
#GOLD Buy📈 at 2516
StopLoss❗️: 2512
Scalp trading:
Take Profit 1️⃣: at 2520
Standart trading:
Take Profit 2️⃣: at 2530
Swing trading:
Take Profit 3️⃣: at 2548
👑 Ideas For #XAUUSD / #GOLD
📈 CPI ahead. High risks to renew ATH, but...
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GOLD is testing 2530 and risks a new high as each new retest increases the chances of a resistance breakout. Ahead of CPI, inflation data could set the medium-term tone for markets...
Traders are waiting for US inflation data that could confirm the size of the Fed's interest rate cut next week.
An uptick in CPI figures could trigger a rise in the dollar at the expense of gold prices (capital outflows), negating expectations of an excessive Fed rate cut.
Conversely, softer CPI data could revive bets for a 50 basis point Fed rate cut, collapsing the dollar and pushing the gold price to new lifetime highs. The 2530 area is very active in keeping the market from rising, accordingly, the accumulation of orders above 2530, if the resistance is broken, could activate a rally....
Resistance levels: 2530
Support levels: 2514, 2512, 2506
The price return to the resistance area will confirm the readiness to test 2530 for a breakout. If the bulls manage to pass this zone, we should count on growth, but the bears are holding this area quite aggressively. There is also a high probability to catch a short-squeeze and further decline to 2506-2500
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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 Lower interest rates are ahead. A stalemate... ↑↓
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GOLD is consolidating between 2588 - 2562. But, buyers are not yet out of the game in the hope of continued growth. Then everything depends on the Fed. Welcome to the casino :)
At 18:30 the FOMC & FED will meet to decide whether to cut rates. 0.25% or 0.5%. A 0.5% Fed rate cut could send a mixed signal about the state of the US economy: the Fed's concern about the economy, and that a “soft landing” may not turn out to be so soft, but it would be a strong bullrun signal for gold. A weaker policy, could provoke an unpredictable reaction, which would temporarily disappoint investors. In such a case, a correction to 2550-2525-2500 may form (price may bounce from any zone shown on the chart) before a further global rally, as the general tone of the market is set by the global Central Bank's interest rate cuts.
Resistance levels: 2575, 2588, 2600, ...
Support levels: 2561, 2550, 2530
It is difficult to say about expectations, as the uncertainty is high due to the fact that the overall situation is stalemate, either this way or that way. I recommend to refrain from trading on the news and wait for the volatility to decrease. The trading range for today is very wide....
#GOLD Buy📈 at 2576
StopLoss❗️: 2572
Scalp trading:
Take Profit 1️⃣: at 2580
Standart trading:
Take Profit 2️⃣: at 2588
Swing trading:
Take Profit 3️⃣: at 2603
#GOLD Sell📉 at 2576
StopLoss❗️: 2580
Scalp trading:
Take Profit 1️⃣: at 2572
Standart trading:
Take Profit 2️⃣: at 2560
Swing trading:
Take Profit 3️⃣: at 2550
#GOLD Sell📉 at 2588
StopLoss❗️: 2592
Scalp trading:
Take Profit 1️⃣: at 2584
Standart trading:
Take Profit 2️⃣: at 2576
Swing trading:
Take Profit 3️⃣: at 2560
👑 Ideas For #XAUUSD / #GOLD
📈 Aggressive buyers... Ahead of PPI
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GOLD is testing 2500 on the background of CPI data. Bulls actively continue to hold a strong support zone. An ascending triangle is being formed, the target of which is to break the resistance and rise
After the release of CPI data in the US, the focus shifts to PPI and jobless claims data, which will give a new impetus to trading.
The CPI data has slightly cooled the increased bets on an excessive interest rate cut by the Fed next week. Despite the pullback, the gold price managed to defend a critical short-term support level around 2500 - 2505, keeping it in a three-week consolidated range.
Technically, the focus is on the SMAs, which are actively supporting the market, as well as the liquidity area of 2510, 2500, which the market may test once again on news before heading upwards.
Resistance levels: 2530
Support levels: SMA, 2510, 2500
The news may shake the market once again. Strong news may motivate the market to break resistance, but surprising PPI and Initial Jobless Claims data may trigger another sell-off attempt (to liquidity zones) before the price continues its rise. The market continues to focus on testing 2530
#GOLD Sell📉 at 2506
StopLoss❗️: 2510
Scalp trading:
Take Profit 1️⃣: at 2500
Standart trading:
Take Profit 2️⃣: at 2490
Swing trading:
Take Profit 3️⃣: at 2468
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