XAUUSD | GOLDSPOT | New perspective | follow-up detail

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Gold trimmed its weekly gains on Friday as traders assessed recent US economic data and its potential impact on Federal Reserve policy. With disinflationary trends suggesting steady rate cuts, Gold continues to shine. However, expectations for a 50 basis point cut in November have eased following strong US macroeconomic data. Key reports like the decline in Initial Jobless Claims to 218K, solid Q2 GDP growth at 3.0%, and stronger-than-expected Durable Goods Orders have sparked debate about a possible economic soft landing.

In this video, I break down how these factors could shape price action in the Gold market, and explore trading strategies for both buyers and sellers. With the probability of a 50 bps rate cut now down to 50%, I have analyzed potential scenarios and how I plan to capitalize on the upcoming opportunities. Make sure to watch till the end for my technical analysis and outlook for the coming week.

XAUUSD Technical Overview:
This week, we're focusing on the $2,640 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!

📌 Follow my journey as I map out the next moves in this dynamic market!

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

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🔔 Market Update: Gold’s Next Move at Critical Level

Following yesterday's live stream, the market has been a bit choppy, with sellers capitalizing on uncertainty. However, Gold (XAU/USD) has regained positive traction during the Asian session, even after Fed Chair Powell’s hawkish comments. He mentioned that the committee isn't in a rush to cut rates quickly, projecting two more cuts by year's end for a total reduction of 50 basis points.

Despite this, the near-term bias for Gold remains bullish, driven by expectations that a continued slowdown in U.S. inflation should allow the Fed to ease rates further. Additionally, ongoing geopolitical risks in the Middle East continue to support safe-haven demand for Gold.

Technically, we’re at a critical juncture with the price hovering around the $2,643 zone—a key level that could trigger bullish or bearish sentiment. We’ll need to watch price action closely here for follow-through signals. I’ll be sharing technical updates on lower timeframes shortly. Stay tuned!

Happy New Month

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STRUCTURAL UPDATE | 15 Min Timeframe

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Over 440 pips in profit from two buy positions; secure profit as we look out for new trading opportunities

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Following yesterday’s choppy conditions, Gold (XAU/USD) has attracted fresh selling pressure as the US Dollar extends its recovery, hitting a three-week high. This comes after the stronger-than-expected ADP report, highlighting the US labor market's resilience, which has led investors to reconsider the likelihood of another oversized rate cut by the Federal Reserve in November. As a result, the USD has continued to build on this week's momentum.

However, escalating tensions in the Middle East—specifically Iran's attack on Israel—raise the risk of a broader conflict, offering potential support for Gold as a safe-haven asset. With risk appetite waning across equity markets, we could see further upside for Gold.

That said, I’m holding off on any new positions until we get a strong confirmation signal. I’ve also identified a new technical structure on the 1H chart that will guide our trading decisions today [see chart for reference]. Stay tuned for updates!

Good Morning

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STRUCTURAL UPDATE | 15-Min Timeframe

A potential reversal setup appears to have emerged within the previously highlighted demand zone, with the neckline positioned around the $2,646 level.

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Two buy positions are now triggered as the US Initial Jobless Claims come in higher than expected hereby reflecting a weaker labour sector; secure positions.