Waiting for recovery to buy

アップデート済
✨Fundamental Analysis
Gold prices extended gains and traded near the psychological 2400 level. The US Personal Consumption Expenditures (PCE) price index data released on Friday showed a modest increase in inflation in June and raised expectations of the imminent start of the Federal Reserve's (Fed) interest rate cutting cycle. This led to further declines in US Treasury yields, which also supported gold prices.

Traders also preferred to wait for the outcome of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday. This, along with important US macroeconomic data scheduled at the beginning of the new month, including the Non-Farm Payrolls (NFP) report, will provide fresh impetus to gold.

✨Technical Analysis
Buyers are struggling to capitalize on the bullishness in the European session to push gold towards the 2,400 level. Meanwhile, the momentum above the $2,400 round figure is likely to face some resistance near the 2,408 area, around the $2,432 area.

On the other side. The immediate support that gold receives is around the 2,382-2,380 level. Weakness below $2,380 may be more unlikely to push the price back to the breakout zone, currently anchored near the $2,360-2,359 area.

The bullish trend is preferred by investors and they are waiting for a nice retest to get a BUY signal in line with the main trend of the market.

Resistance: 2408 - 2431
Support: 2382 - 2365

SELL price range 2408-2410 Stoploss 2413
BUY price range 2380 - 2382 stoploss 2377
ノート
BUY zone 2382 -2380 + 30 pips
ノート
Gold struggles to hold above $2,400
Gold started the week on a bullish note as markets reacted to escalating tensions in the Middle East. After rising above $2,400, however, XAU/USD retreated below this level, pressured by the renewed US Dollar strength ahead of this week's critical events.
ノート
Gold retraces to Fibonacci 0.5
トレード終了: 利益確定目標に到達
ノート
Gold price gains on Middle East tensions, focus is on Fed policy
Gold price (XAU/USD) exhibits a strong performance in Wednesday’s European session, with investors focusing on the Federal Reserve’s (Fed) monetary policy outcome later the day.
トレード終了: 利益確定目標に到達
Hit TP for BUY strategy
ノート
Gold is supported to increase
トレード終了: 利益確定目標に到達
Hit full TP
ForexFundamental AnalysisgoldideagoldpredictiongoldpriceTechnical IndicatorspriceactionanalysistradingtradingsignalsTrend AnalysisXAUUSDxauusdanalysis

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