Gold is Rising Despite Inflation Returns

Gold is Rising Despite Inflation Returns

2023-09-19 • Dikemaskini

Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion. The market anticipates the Fed will hold off on rate hikes until the end of the year, but concerns about rising energy prices may impact inflation. The Fed might keep interest rates high to bring inflation down to 2%, potentially affecting manufacturing and housing. Gold's technical analysis suggests a short-term bullish trend, hovering around $1,935.

US Dollar - H4 Timeframe

UsDollarH4-1909.png

The price action on the 4-hour chart of the US Dollar has been constrained within a rising channel for a while; the most recent move being a retest of the support trendline of the channel. This means we can expect to see a bounce back up from that trendline, in line with the bullish array of the moving averages and the support from the 50-period moving average.

Analyst’s Expectations: 

Direction: Bullish

Target: 105.258

Invalidation: 104.450

XAUUSD - D1 Timeframe

XAUUSDDaily-1909.png

The daily timeframe of XAUUSD has had two bouts of bullish impulse, both of which have failed to deliver higher highs. This is why price can now be seen trading within the wedge pattern, with a likelihood of a rejection from the resistance trendline. The rally-base-drop supply zone is expected to contribute to the bearish outcome from the price action.

Analyst’s Expectations: 

Direction: Bearish

Target: 1912.20

Invalidation: 1952.00

CONCLUSION

The trading of CFDs comes at a risk. 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.

TRY TRADING NOW

You can access more trade ideas and prompt market updates on the telegram channel.

Serupa

Fed Berpura-pura Mengawal Pasaran
Fed Berpura-pura Mengawal Pasaran

Pada 4 Mei, Rizab Persekutuan AS mendedahkan kadar dana persekutuan untuk dua bulan yang akan datang. Walaupun kenaikan 50 mata asas itu sudah dijangka secara meluas, masa depan masih tidak begitu jelas.

Adakah Syarat-syarat untuk Trend Menaik Emas Dipenuhi?
Adakah Syarat-syarat untuk Trend Menaik Emas Dipenuhi?

Selain daripada tekanan inflasi, semua faktor lain bertindak sebagai penghalang kepada emas selepas mencapai paras $2000 pada bulan Ogos 2020. Tetapi inflasi bersama dengan kelembapan ekonomi global adalah faktor yang menjadikan emas bersinar dengan lebih cerah.

Berita terkini

Deposit dengan sistem pembayaran tempatan anda

Notis pengumpulan data

FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.

Callback

Pengurus akan menghubungi anda dalam amsa terdekat

Tukar nombor

Permohonan anda telah diterima

Pengurus akan menghubungi anda dalam amsa terdekat

Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam

Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat

Masalah dalaman. Sila cuba sebentar lagi

Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!

Anda sedang menggunakan pelayar web yang versinya sudah lapuk.

Kemaskini kepada versi terkini atau cuba pelayar lain untuk penggunaan yang lebih selamat, selesa dan produktif.

Safari Chrome Firefox Opera