الذهب / دولار أمريكيتم تحديثه XAUUSD H1 Idea
Gold Market Outlook
- Gold prices, closed lower for the second consecutive week while posting a fourth monthly gain. This suggests a complex market situation with potential short-term bearish sentiment but long-term bullish factors. After reaching an all-time high of $2,449.89 on May 20, gold prices have faced downward pressure, possibly due to profit-taking or long-liquidation by traders.
- The April Personal Consumption Expenditures (PCE) Price Index, released on Friday, showed a 0.3% increase from the previous month and a 2.7% rise compared to the previous year. These figures matched what experts had predicted. However, inflation is still above the Federal Reserve's 2% target. Fed officials have said they need to see inflation decrease for several months before they consider cutting interest rates. This cautious approach has left traders unsure, with a September rate cut possible but not certain.
June 3rd - June 7th View
- Looking ahead, gold prices are expected to remain volatile, influenced by ongoing economic data and Federal Reserve policy signals. In the short term, gold may face downward pressure due to profit-taking or long-liquidation following the recent rally. The second straight weekly loss indicates some traders are securing gains amidst uncertainty over the Fed’s rate cut timeline.
- However, the long-term outlook remains bullish, supported by expectations of eventual rate cuts, ongoing geopolitical risks, and the return of strong central bank demand.
- Around $2312 we can look for long positions targeting $2344 where we can involve into sells targeting $2270.
- Gold prices, closed lower for the second consecutive week while posting a fourth monthly gain. This suggests a complex market situation with potential short-term bearish sentiment but long-term bullish factors. After reaching an all-time high of $2,449.89 on May 20, gold prices have faced downward pressure, possibly due to profit-taking or long-liquidation by traders.
- The April Personal Consumption Expenditures (PCE) Price Index, released on Friday, showed a 0.3% increase from the previous month and a 2.7% rise compared to the previous year. These figures matched what experts had predicted. However, inflation is still above the Federal Reserve's 2% target. Fed officials have said they need to see inflation decrease for several months before they consider cutting interest rates. This cautious approach has left traders unsure, with a September rate cut possible but not certain.
June 3rd - June 7th View
- Looking ahead, gold prices are expected to remain volatile, influenced by ongoing economic data and Federal Reserve policy signals. In the short term, gold may face downward pressure due to profit-taking or long-liquidation following the recent rally. The second straight weekly loss indicates some traders are securing gains amidst uncertainty over the Fed’s rate cut timeline.
- However, the long-term outlook remains bullish, supported by expectations of eventual rate cuts, ongoing geopolitical risks, and the return of strong central bank demand.
- Around $2312 we can look for long positions targeting $2344 where we can involve into sells targeting $2270.
تم فتح الصفقة
XAUUSD Buy target reached +120pips
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.