Scalper_Ananda

Gold rose to around $2,460 per ounce on Friday, approaching record highs and on track for a weekly gain, driven by recent weak US economic data that bolstered expectations of Federal Reserve rate cuts. Thursday's data showed US manufacturing activity contracted more than anticipated in July, with employment hitting levels not seen since 2020. Additionally, jobless claims rose to 249K, the highest in nearly a year. Investors are now awaiting the monthly jobs report later in the day for further insights. Meanwhile, the escalating risk of a broader conflict in the Middle East is enhancing gold's appeal as a safe haven. Markets are closely watching Iran's response to the assassination of Hamas leader Ismail Haniyeh, which follows the killing of Hezbollah's top commander in a Beirut airstrike.❓NF - NEW ATH XAU - market expectations📈SELL GOLD: 2498 - 2501➡️SL: 2508➡️TP1: 2483➡️TP2: 2467➡️TP3: 2442📉BUY GOLD: 2420 - 2418➡️SL 2412➡️TP1: 2433➡️TP2: 2442➡️TP3: 2467GOOD LUCK EVERYONE👍

Gold declined near $2,380 per ounce on Tuesday, extending losses from the previous session, as investors look forward to upcoming policy meetings from major central banks this week. The Federal Reserve is anticipated to keep interest rates unchanged on Wednesday, but all eyes will be on any indications of a potential rate cut in September. Meanwhile, the Bank of Japan is expected to lift rates by 10 basis points to 0.1%Upper border breakout: 2393 - 2400Lower border breakout: 2376 - 2370Resistance: 2400 - 2407 - 2412 - 2418Support: 2376 - 2367 - 2361 - 2353Price ranges to note: SELL price range 2417 - 2419 stoploss 2422 BUY price range 2354 - 2352 stoploss 2348Note: Full TP, SL to be safe and win the market.GOOD LUCK EVERYONE👍Gold breaks the 2393 - 2400 trend and tends to meet resistance at 2418 again.

🟢Gold is rising as expectations firm of falling interest rates in the US – a positive for the precious metal. 🟢Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”. 🟢Bets from Shanghai Futures Exchange traders are further bidding up Gold, say strategists from TD Securities. 🔝Gold rises on hopes of a September interest-rate cut🔝Shanghai Futures Exchange buying keeps Gold bid – TD Securities🕯Technical Analysis: Gold broke out of range and hit a new calculated all-time high of 2,618 and is still waiting to surpass 3,618 to set the next peak

Gold rose above $2,470 per ounce on Wednesday, reaching a new record high, driven by increased optimism that the Federal Reserve will lower rates as early as September. Fed Chair Jerome Powell noted on Monday that June's lower-than-expected inflation boosted confidence in meeting the price growth target and added that the central bank will not wait for inflation to hit 2% before starting rate cuts. This was echoed by Fed Governor Adriana Kugler, who expressed cautious optimism on Tuesday that inflation is moving towards the target rate🕯Technically: Currently, where gold's new peak is, we can only guess with round barriers, Sell rhythm should adjust vol appropriately.There is no important news today, take advantage of RSI, trendline and Breakout to trade when the gold price exceeds the threshold.Pay attention to important resistance zones. Limit SELL signals to 247xaSELL Zone: 2,500🟢BUY GOLD: 2451 - 2449, SL: 2445🟢BUY GOLD: 2442 - 2440, SL: 2436🗣️Breakout:  2465 - 2480 🔼Support: 2465 - 2455 - 2450 - 2442 - 2426 - 2418🔽Resistance: 2500 - 2515GOOD LUCK EVERYONE👍

💵GOLD PRICE AND ECONOMIC INFORMATIONGold fell below $2,410 per ounce on Friday after rising nearly 2% in the previous session, but is set to notch a third straight weekly gain, supported by softer-than-expected inflation figures for the US. Headline inflation slowed more than anticipated to a one-year low of 3% in June, while the annual core measure dropped to a three-year low of 3.3%. The deceleration has heightened expectations for a Federal Reserve rate cut, with traders now pricing in a 93% chance of a rate cut in September, up from 73% on Wednesday. Meanwhile, San Francisco Fed President Mary Daly expects further easing in price pressures and the labor market to justify rate cuts, while Chicago Fed President Austan Goolsbee believes the US economy is on track to achieve 2% inflation.🔴SELL GOLD: 2438 - 2440, SL: 24046🟢BUY GOLD: 2395 - 2393, SL: 2389🟢BUY GOLD: 2382 - 2380, SL: 2376⛔️Breakout: top border 2414 - 2425 - below 2403 - 2396 - 2390 🔼Support: 2403 - 2397 - 2392 - 2387 - 2378 - 2370 🔽Resistance: 2414 - 2425 - 2437 - 2449 - 2460GOOD LUCK EVERYONE👍

💵GOLD PRICE AND ECONOMIC INFORMATIONGold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%.🔴SELL GOLD: 2390 - 2400, SL: 2404🟢BUY GOLD: 2340 - 2338, SL: 2334⛔️Breakout: top border 2387 - 2390 - 2403 - below 2370 - 2365 - 2355 🔼Support: 2365 -2355 - 2350 - 2340 - 2335 🔽Resistance: 2387 - 2395 - 2400 - 2410 - 2414 GOOD LUCK EVERYONE👍

💵💵💵GOLD PRICE AND ECONOMIC INFORMATIONGold rose above $2,360 per ounce on Tuesday, recouping some losses from the previous session as investors turn their attention to Fed Chair Powell's semi-annual testimony before Congress. Last week's figures showed a softening labor market in the US, with the unemployment rate reaching a two-and-a-half-year high and wage growth falling to a three-year low, indicating impending early interest rate cuts by the US central bank. Currently, markets are pricing in a 77% probability of the Fed reducing interest rates in September, with another cut expected in December. Powell's testimony before the Senate today and the House on Wednesday will offer investors clearer signals on the future direction of the Fed's interest rate path. Investors also anticipate key upcoming inflation figures set to be released on Thursday. Elsewhere, traders are monitoring geopolitical developments in the Middle East amid prospects of a ceasefire deal between Israel and Hamas..🔴SELL GOLD: 2370 - 2372, SL: 2376🟢BUY GOLD: 2343 - 2341, SL: 2337⛔️Breakout: top border 2370 -2378 - below 2350 - 2342 🔼Support: 2351 -2342 - 2335 🔽Resistance: 2370 -2378 - 2385 - 2395GOOD LUCK EVERYONE👍

💵GOLD PRICE AND ECONOMIC INFORMATION Gold eased below $2,390 per ounce on Monday after rising over 1% in the previous session, but remained close to six-week highs, driven by increased expectations of early rate cuts by the Federal Reserve following soft US economic data. Friday’s data indicated a weakening US labor market, with the unemployment rate rising to a two-and-a-half-year high and wage growth falling to a three-year low. 🔴SELL GOLD: 2396 - 2398, SL: 2402 🟢BUY GOLD: 2362 - 2360, SL: 2356 ⛔️Breakout: top border 2393 -2397 - below 2378 - 2369 🔼Support: 2378 -2370 - 2364 - 2360 🔽Resistance: 2385 -2393 - 2397 GOOD LUCK EVERYONE👍

💵GOLD PRICE AND ECONOMIC INFORMATION Gold fell to around $2,310 per ounce on Wednesday, extending its decline from the previous session, as investors digest more hawkish remarks from Federal Reserve officials about the outlook for interest rate cuts. Fed Governor Lisa Cook stated on Tuesday that a rate cut will be appropriate at some point, but the timing is uncertain, while Fed Governor Bowman mentioned that she doesn't anticipate any rate cuts this year. This came on top of strong US business activity data last week, reaching a 26-month high in June, adding further to the hawkish pressure. Meanwhile, investors are looking forward to Friday’s core PCE index data, the Fed’s preferred inflation measure, particularly after the recent cooling of CPI and PPI data, alongside the third estimate for Q1 GDP growth and consumer spending and income. 🔴SELL GOLD: 2334 - 2336, SL: 2340 🟢BUY GOLD: 2302- 2300, SL: 2296 🟢BUY GOLD: 2294- 2292, SL: 2288 ⛔️Breakout: top border 2324 - 2335 - below 2311 - 2305 🔼Support: 2311- 2306 - 2300 - 2295 - 2290 🔽Resistance: 2337- 2341 - 2345 - 2349 - 2354 GOOD LUCK EVERYONE👍Comment: It's great, gold has reached the 92 - 94 support zone and I have 110 Pips

XAUUSD Gold prices continue to trend down Price range to note: Upper breakout amplitude: 2334 Lower border breakout: 2323 - 2316 - 2312 Support: 2316 - 2312- 2306 - 2300 Resistance: 2337 - 2341 - 2345 - 2349 - 2354 SELL price range 2336 - 2338 BUY price range 2302 - 2300 stop loss 2296 The scaling strategy will be launched when the above supported resistances signal on command. Note: Full TP, SL to be safe and win the market.Comment: Great, support point 2320 is a good psychological barrier