✨Fundamental analysis:
Gold prices attracted some buyers after a pullback to 2319, starting a new week amid bets on a September interest rate cut by the Federal Reserve (Fed). Expectations were reaffirmed by data showing the U.S. manufacturing sector contracted for a third straight month in June and the prices factories pay for inputs fell to their lowest level in a decade. six months. This suggests that inflation is subsiding, which should allow the US central bank to begin lowering borrowing costs.
China's economic troubles, persistent geopolitical tensions and political turmoil in the United States and Europe have provided some support for the safe-haven precious metal. The solid recovery in the US Dollar (USD) from multi-day lows has capped any further gains in Gold prices. Benchmark 10-year government bond yields rose to their highest level in a month, seen as a driving force for the USD. Traders are adding signals about the Fed's policy path before placing clear directional bets. Therefore, the focus remains on Fed Chairman Jerome Powell's speech later today and the FOMC meeting minutes on Wednesday.
✨Technical analysis
Gold prices have so far been struggling to overcome the crucial resistance level of 2,340. The said barrier is currently anchored near the 2,338-2,340 zone and will act as an important pivotal point. A sustained strength above this level would pave the way for a move towards the next relevant hurdle at 2355-2368. On the downside, weakness below the $2,319-2,318 zone, or the overnight swing low, could find some support near the $2,300 mark ahead of the $2,285 horizontal zone.
✨Support: 2321-2310-2300-2289
✨Resistance: 2333-2340-2355-2368
SELL GOLD 2340-2342 SL 2345
SELL GOLD 2355-2357 SL 2360
BUY GOLD 2310-2308 SL 2305
BUY GOLD 2300-2298 SL 2295
Gold prices attracted some buyers after a pullback to 2319, starting a new week amid bets on a September interest rate cut by the Federal Reserve (Fed). Expectations were reaffirmed by data showing the U.S. manufacturing sector contracted for a third straight month in June and the prices factories pay for inputs fell to their lowest level in a decade. six months. This suggests that inflation is subsiding, which should allow the US central bank to begin lowering borrowing costs.
China's economic troubles, persistent geopolitical tensions and political turmoil in the United States and Europe have provided some support for the safe-haven precious metal. The solid recovery in the US Dollar (USD) from multi-day lows has capped any further gains in Gold prices. Benchmark 10-year government bond yields rose to their highest level in a month, seen as a driving force for the USD. Traders are adding signals about the Fed's policy path before placing clear directional bets. Therefore, the focus remains on Fed Chairman Jerome Powell's speech later today and the FOMC meeting minutes on Wednesday.
✨Technical analysis
Gold prices have so far been struggling to overcome the crucial resistance level of 2,340. The said barrier is currently anchored near the 2,338-2,340 zone and will act as an important pivotal point. A sustained strength above this level would pave the way for a move towards the next relevant hurdle at 2355-2368. On the downside, weakness below the $2,319-2,318 zone, or the overnight swing low, could find some support near the $2,300 mark ahead of the $2,285 horizontal zone.
✨Support: 2321-2310-2300-2289
✨Resistance: 2333-2340-2355-2368
SELL GOLD 2340-2342 SL 2345
SELL GOLD 2355-2357 SL 2360
BUY GOLD 2310-2308 SL 2305
BUY GOLD 2300-2298 SL 2295
交易進行
註釋
Transaction margins are still maintained註釋
support 2321 + 100 pips for plan buy交易結束：目標達成
註釋
Gold price remains confined in a range below 50-day SMA, FOMC minutes in focusGold price continues with its struggle to gain any meaningful traction on Wednesday. Traders seem reluctant and prefer to wait for more cues about the Fed’s rate-cut path. Investors look to FOMC minutes for some impetus ahead of the NFP report on Friday.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。