Gold Hits a Key Level
Gold has officially completed its move up to the long-term trendline on the 1D timeframe. The trend remains strong, but this could be where things stall or reverse. If Powell signals a healthy US economy, lower inflation, or upcoming rate cuts, the dollar and stocks could regain strengthβpotentially pulling gold down in the process.
-Frank
Data from EdgeFinder
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Gold has officially completed its move up to the long-term trendline on the 1D timeframe. The trend remains strong, but this could be where things stall or reverse. If Powell signals a healthy US economy, lower inflation, or upcoming rate cuts, the dollar and stocks could regain strengthβpotentially pulling gold down in the process.
-Frank
Data from EdgeFinder
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π Access Now for 10% Off with Code TGVIP
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News headline update:
US interest rate futures price in 56 BPS in cuts this year after Fed holds rates steady, unchanged from before statement release - estimates
US interest rate futures price in 56 BPS in cuts this year after Fed holds rates steady, unchanged from before statement release - estimates
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Fed's Powell: Inflation expectations have recently moved up, with tariffs as a driving factor.
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Fed's Powell: If the economy remains strong, we can maintain policy restraint for longer.
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Fed's Powell: My base case is that there is no policy signal from tariffs, but I can't know that.
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β Access to Nick, Frank, and Eivind's trade signals
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π¨ Chevron Doubles Down on Hess Acquisition! π¨
Chevron (CVX) just made a bold move, purchasing 5% of Hess (HES) shares despite resistance from Exxon Mobil. The $53 billion deal is still in motion, and CVX is showing serious confidence in sealing the merger later this year.
π What does this mean for the energy sector and markets? Plus, a breakdown of key Fed decisions impacting stocks and gold. Read more here: https://www.a1trading.com/key-impacts-of-fed-meeting/
Chevron (CVX) just made a bold move, purchasing 5% of Hess (HES) shares despite resistance from Exxon Mobil. The $53 billion deal is still in motion, and CVX is showing serious confidence in sealing the merger later this year.
π What does this mean for the energy sector and markets? Plus, a breakdown of key Fed decisions impacting stocks and gold. Read more here: https://www.a1trading.com/key-impacts-of-fed-meeting/
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π‘ Goldβs Rally Hits Uncharted Territory!
Gold has surged 168 points since February, ranking as one of the top bullish assets on the EdgeFinder. Some traders believe this rally is even stronger than goldβs historic 2008-2011 run. A breakout could send prices soaringβbut if it fails, we could see sharp reversals.
π Will gold keep climbing, or is a pullback coming? Plus, key Fed updates impacting markets. Read more here: https://www.a1trading.com/key-impacts-of-fed-meeting/
Gold has surged 168 points since February, ranking as one of the top bullish assets on the EdgeFinder. Some traders believe this rally is even stronger than goldβs historic 2008-2011 run. A breakout could send prices soaringβbut if it fails, we could see sharp reversals.
π Will gold keep climbing, or is a pullback coming? Plus, key Fed updates impacting markets. Read more here: https://www.a1trading.com/key-impacts-of-fed-meeting/
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Can Markets Shake Off the Bearish Sentiment?
Despite the overwhelming negativity in the stock market, major indices are attempting a rebound. Retail traders are heavily short, and the AAII sentiment survey continues to reflect a bearish outlook for the next six months. Meanwhile, the Fed has been steadily reducing its balance sheetβuntil now. Powell revealed that the Fed is slowing the pace of balance sheet reduction, meaning theyβll sell stocks and treasuries at a slower rate to help stabilize the market. This shift might be why indices are pushing higher today.
-Frank
Data from EdgeFinder
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Despite the overwhelming negativity in the stock market, major indices are attempting a rebound. Retail traders are heavily short, and the AAII sentiment survey continues to reflect a bearish outlook for the next six months. Meanwhile, the Fed has been steadily reducing its balance sheetβuntil now. Powell revealed that the Fed is slowing the pace of balance sheet reduction, meaning theyβll sell stocks and treasuries at a slower rate to help stabilize the market. This shift might be why indices are pushing higher today.
-Frank
Data from EdgeFinder
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Media is too big
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What to do with the dollar?π€
Chart Of The Day: DXYπ₯
Chart Of The Day: DXYπ₯
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π» Gold Pullback After Key Resistance Test
A few days back, I shorted XAUUSD after it tested a long-term resistance zone on both the weekly and daily timeframes. The timing lined up well with quadruple witching, which likely contributed to the increased selling pressure.
That rejection played out nicely, and I was able to lock in 25 points on the move lower. Keeping an eye on how price reacts to the next support zoneβmomentum could carry further!
-Frank
A few days back, I shorted XAUUSD after it tested a long-term resistance zone on both the weekly and daily timeframes. The timing lined up well with quadruple witching, which likely contributed to the increased selling pressure.
That rejection played out nicely, and I was able to lock in 25 points on the move lower. Keeping an eye on how price reacts to the next support zoneβmomentum could carry further!
-Frank
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