XAUUSD berhasil mencatat rebound dan kembali diperdagangkan di atas level 2150 sejak awal perdagangan sepanjang sesi Asia pada hari Senin (25/03/2024)..trader menunggu angka Produk Domestik Bruto (PDB) AS minggu ini
Will GOLD (XAUUSD) Keep Dropping Still?
Diperbarui • 2024-01-16
The price of Gold (XAU/USD) has experienced a significant sell-off, dropping to around $2,040 after failing to surpass the weekly high of $2,062. This decline occurred as investors reassess the potential timing of interest rate cuts by the Federal Reserve (Fed). The sell-off followed the release of the Consumer Price Index (CPI) report for December, which showed resilience, and hawkish comments from European Central Bank (ECB) officials.
Investors are now reevaluating the possibility of a rate cut in March, with the Fed appearing in no rush to adopt a dovish stance on interest rates. Despite inflation in the U.S. being nearly double the 2% target, labor demand remains stable, and the risk of a recession is deemed low. The current interest rates ranging between 5.25-5.50% allow the Fed to maintain a relatively restrictive monetary policy stance for the time being. The gold price is expected to remain uncertain until there are clearer signals regarding the Fed's stance on interest rates. If it fails to hold above the January 3 low of $2,030, it could face further downside pressure, potentially reaching the psychological support level of $2,000.
XAUUSD - D1 Timeframe
On the Daily Timeframe of XAUUSD, we see the bullish array of the moving averages indicating the likelihood of a bullish continuation. The presence of a trendline support adds further confirmation to the bullish sentiment, as well as the 76% of the Fibonacci retracement.
XAUUSD - H4 Timeframe
On the 4-hour timeframe of XAUUSD, we can see the intersection of support trendlines, as well as a convergence of moving averages. Based on my strategy, I can also see the presence of an inverted head-and-shoulder pattern. In summary, all factors point in favour of the bullish sentiment.
Analyst’s Expectations:
Direction: Bullish
Target: $2050
Invalidation: $2012.67
CONCLUSION
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more of such trade ideas and prompt market updates on the telegram channel.
Menyerupai
Pasangan mata uang Aussie konsolidasi pasca penurunan kemarin dan berpotensi lanjutkan penurunan di tengah volatilitas indeks ASX 200 pada hari Rabu (20/03/2024), pernyataan gubernur Reserve Bank of Australia (RBA)
XAUUSD masih tertekan untuk hari ketiga berturut-turut pada Senin (18/03/2024) dan turun ke level terendah dalam satu minggu, di tengah ekspektasi bahwa the Fed akan mempertahankan suku bunga yang lebih tinggi
Berita terbaru
Yen Jepang gagal memikat para investor pada perdagangan Selasa (02/04/2024) meski ada peluang atas kemungkinan intervensi dan..Sentimen penghindaran risiko masih berpotensi memberikan kekuatan pada safe-haven
XAUUSD naik ke rekor tertinggi baru pada perdagangan Senin (01/04/2024), di tengah meningkatnya spekulasi penurunan suku bunga..melanjutkan kenaikan kuat minggu lalu hingga membentuk level puncak baru sepanjang masa
Pasar saham Asia sebagian masih libur dan sebagian lagi menguat pada perdagangan Senin (01/04/2024), karena optimisme data pabrikan Tiongkok mendukung..potensi intervensi otoritas Jepang terhadap yen Jepang diperkirakan berada di zona 152 – 155 yen.