π₯ Gold rises on top of rate cut hopesβwhat is next for traders? π€
Gold futures stay near record highs after a weak U.S. jobs report sparked fresh hopes of an interest rate cut. Could this be the golden opportunity for traders? Find out in our analysis π
π Key takeaways
β’ Events. Gold held steady at $3,590 per ounce after data showed the U.S. economy added fewer jobs than expected in August. Unemployment hit its highest level since 2021 π
β’ Background. The disappointing jobs figures boosted expectations that the Federal Reserve (Fed) will cut interest rates later this month. Traders now see a 92% chance of a 0.25% rate cut βοΈ On top of that, gold strengthened after the Trump administration excluded it from new tariffs.
β’ Possible outcome. Trump interfered with the central bank's decisions on numerous occasions. If he sparks more concerns over the Fed's independence, it can also drive demand for gold as a safe haven.
π Tip for traders
Watch the upcoming Fed meeting closely π If a rate cut is confirmed, the U.S. dollar could weakenβthis often pushes gold prices higher.
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Gold futures stay near record highs after a weak U.S. jobs report sparked fresh hopes of an interest rate cut. Could this be the golden opportunity for traders? Find out in our analysis π
π Key takeaways
β’ Events. Gold held steady at $3,590 per ounce after data showed the U.S. economy added fewer jobs than expected in August. Unemployment hit its highest level since 2021 π
β’ Background. The disappointing jobs figures boosted expectations that the Federal Reserve (Fed) will cut interest rates later this month. Traders now see a 92% chance of a 0.25% rate cut βοΈ On top of that, gold strengthened after the Trump administration excluded it from new tariffs.
β’ Possible outcome. Trump interfered with the central bank's decisions on numerous occasions. If he sparks more concerns over the Fed's independence, it can also drive demand for gold as a safe haven.
π Tip for traders
Watch the upcoming Fed meeting closely π If a rate cut is confirmed, the U.S. dollar could weakenβthis often pushes gold prices higher.
Sign Up Now β‘οΈ https://bit.ly/attocta
GBPJPY, 15-minute timeframe chart
πIs this the breakout GBPJPY has been waiting for?π
πGeneral outlook
GBPJPY has been under selling pressure within the last couple of hours.
πPossible scenario
The best way to use this opportunity is to place a Sell order at 1.16500.
Set your stop loss at 199.490 above the previous high ($3.20 loss for 0.01 lot) and take profit at 198.550 ($3.20 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Sign Up Now β‘οΈ https://bit.ly/attocta
πIs this the breakout GBPJPY has been waiting for?π
πGeneral outlook
GBPJPY has been under selling pressure within the last couple of hours.
πPossible scenario
The best way to use this opportunity is to place a Sell order at 1.16500.
Set your stop loss at 199.490 above the previous high ($3.20 loss for 0.01 lot) and take profit at 198.550 ($3.20 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Sign Up Now β‘οΈ https://bit.ly/attocta
XAGUSD, Dailyπ
XAGUSD sustained its uptrend, briefly retesting the resistance at 41.50. The widening gap between bullish EMAs indicates a potential extension of upward momentum.
If XAGUSD breaches above the resistance at 41.50, the price may advance further toward the psychological resistance at 42.50.
Conversely, if XAGUSD breaks below the support at 39.50, the price could retreat toward the subsequent support at 37.00.
XAGUSD sustained its uptrend, briefly retesting the resistance at 41.50. The widening gap between bullish EMAs indicates a potential extension of upward momentum.
If XAGUSD breaches above the resistance at 41.50, the price may advance further toward the psychological resistance at 42.50.
Conversely, if XAGUSD breaks below the support at 39.50, the price could retreat toward the subsequent support at 37.00.
XAUUSD, 30-minute timeframe chart
π±Where is XAUUSD heading next? Find out now!π
πGeneral outlook
XAUUSD has been trading in a bullish trend for the last couple of hours.
πPossible scenario
The best way to use this opportunity is to place a Sell order at 3,642.30.
Set your stop loss at 3,662.30 above the previous high ($20.00 loss for 0.01 lot) and take profit at 3,622.30 ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Sign Up Now β‘οΈ https://bit.ly/attocta
π±Where is XAUUSD heading next? Find out now!π
πGeneral outlook
XAUUSD has been trading in a bullish trend for the last couple of hours.
πPossible scenario
The best way to use this opportunity is to place a Sell order at 3,642.30.
Set your stop loss at 3,662.30 above the previous high ($20.00 loss for 0.01 lot) and take profit at 3,622.30 ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Sign Up Now β‘οΈ https://bit.ly/attocta
HK50 rebounded from the ascending channel's lower bound, with higher swings and diverging bullish EMAs reinforcing its uptrend.
If HK50 extends its rally above the 127.2% Fibonacci Extension, the index could approach the 161.8% Fibonacci Extension at around 27800.
Conversely, breaking below the support at 25800 may prompt a decline to the channel's lower bound and the psychological support at 25000.
If HK50 extends its rally above the 127.2% Fibonacci Extension, the index could approach the 161.8% Fibonacci Extension at around 27800.
Conversely, breaking below the support at 25800 may prompt a decline to the channel's lower bound and the psychological support at 25000.
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π₯ Gold near record highs. How long can this rally last? β³
Gold strengthened once again, moving closer to record highs. Could there be another strong rally? Find out in our analysis π
π Key takeaways
β’ Events. The CPI report showed that the inflation rate remains steady. Still, there was an unexpected drop in producer prices, and jobless claims rose to their highest level in four years β‘οΈ These factors added to market uncertainty, increasing demand for safe-haven assets, so gold climbed to around $3,650 per ounce on Friday.
β’ Background. Markets believe the U.S. Federal Reserve (Fed) will ease policy, with at least a 0.25% rate cut coming as soon as next week. Lower rates usually weaken the U.S. dollar. Meanwhile, tensions in the Middle East and Ukraine also fuelled demand for safe assets. π
β’ Possible outcome. If the Fed confirms rate cuts, gold could push to new record highs. On the other hand, a more cautious approach might cause a pullback.
π Tip for traders
Watch the next Fed meeting closely π Consider using gold as a hedge in times of uncertainty, but remember that major policy announcements can cause short-term volatility.
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Gold strengthened once again, moving closer to record highs. Could there be another strong rally? Find out in our analysis π
π Key takeaways
β’ Events. The CPI report showed that the inflation rate remains steady. Still, there was an unexpected drop in producer prices, and jobless claims rose to their highest level in four years β‘οΈ These factors added to market uncertainty, increasing demand for safe-haven assets, so gold climbed to around $3,650 per ounce on Friday.
β’ Background. Markets believe the U.S. Federal Reserve (Fed) will ease policy, with at least a 0.25% rate cut coming as soon as next week. Lower rates usually weaken the U.S. dollar. Meanwhile, tensions in the Middle East and Ukraine also fuelled demand for safe assets. π
β’ Possible outcome. If the Fed confirms rate cuts, gold could push to new record highs. On the other hand, a more cautious approach might cause a pullback.
π Tip for traders
Watch the next Fed meeting closely π Consider using gold as a hedge in times of uncertainty, but remember that major policy announcements can cause short-term volatility.
Sign Up Now β‘οΈ https://bit.ly/attocta
The U.S. Dollar (USD) makes up 88% of all forex trades, dominating the global market. Its widespread use in trade and finance, coupled with the strength of the U.S. economy, keeps it as the most traded currency worldwide.
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