XAUUSD 1H 7/29/2024

Sentiment Update – July 27, 2024

Intra-Day Sentiment: 11% Bearish, 89% Bullish
Daily Sentiment: 27% Bearish, 73% Bullish
Overall Outlook: Favorable for Buying
Upcoming Economic Events and Expected Impact on XAU (Gold):

Monday, July 29, 2024, 04:30 PM (US)

Dallas Fed Manufacturing Index: Anticipated PMI of 53.00 points. Expect a bullish effect on USD, leading to a SELL signal for XAU.
Tuesday, July 30, 2024, 02:15 PM (US)

ADP Employment Change: With the unemployment rate forecasted at 4.00%, expect a SELL signal for XAU.
Tuesday, July 30, 2024, 04:00 PM (US)

JOLTs Job Openings: The increased unemployment rate to 4.10% in June supports a SELL signal for XAU.
Wednesday, July 31, 2024, 03:45 PM (US)

Chicago PMI: Projected at 45.00 points. Anticipate a BUY signal for XAU.
Wednesday, July 31, 2024, 08:00 PM (US)

Fed Interest Rate Decision: Expected interest rate of 5.50%. This will likely lead to a SELL signal for XAU.
Thursday, August 01, 2024, 02:30 PM (US)

Initial Jobless Claims: Forecasted unemployment rate of 4.00% suggests a BUY signal for XAU.
Thursday, August 01, 2024, 03:45 PM (US)

S&P Global Manufacturing PMI Final: Expected PMI of 53.00 points. Anticipate a SELL signal for XAU.
Thursday, August 01, 2024, 04:00 PM (US)

ISM Manufacturing PMI: Projected PMI of 53.00 points indicates a SELL signal for XAU.
Friday, August 02, 2024, 02:30 PM (US)

Non-Farm Payrolls: Expected addition of 130,000 jobs. This suggests a BUY signal for XAU.