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Not only Fed officials, financial experts around the world have recently made shocking predictions. JP Morgan CEO Jamie Dimon warned on Bloomberg TV that interest rates in the US could increase from 5.5% to 7%, the highest level in 33 years. This means, the Fed will have to raise a total of 150 percentage points more. He said that public spending in the US is...

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According to Kitco News, the FED's revision of monetary policy by halving interest rate cuts next year is the key reason why the world gold market has been almost paralyzed in recent days. Currently, the FED is expected to only cut interest rates by 0.25 percentage points (25 basis points) 2 times instead of 4 times as announced in the last June meeting, meaning...

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Heraeus analysts used developments in the gold market in 1984, a year after the Fed cut interest rates for the first time after a bullish cycle, to explain the current developments. During that year, gold was 10% higher than the day the interest rate cut was decided. 2 years later, gold has increased more than 18%. The USD tends to weaken, US Treasury bond...

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On October 2, the US continued to announce a series of positive economic information. Specifically, the purchasing managers index (PMI) of the manufacturing sector increased from 47.6 points in August to 49 points in September. The ISM new production orders index also increased from 46.8 points in August. up 49.2 points in September. Although it has not yet...

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Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal. Ole Hansen, commodity strategist at Saxo...

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Adam Button, currency analyst at Forexlive.com, is also bullish on gold this week. However, according to this expert, to recover sustainably, gold needs to see weakness in US economic data. The focus this week will be the non-farm payrolls report for September, scheduled for release on Friday morning, but could be canceled if the US government shuts down.

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The gold sell-off took place when US 10-year bond yields rose to their highest level since October 2007, above 4.6%. Meanwhile, the USD Index has increased over 106 points, reaching its highest level since late November. “Gold has held its value quite well, but investors now have to face the reality that the US Federal Reserve (Fed) will not lower interest rates...

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EURUSD continues to fall sharply, the downward momentum is still good and the structure on major time frames is also decreasing, so the trading strategy for this currency pair is to wait for a pullback and sell according to the main trend. The nearest resistance zone is the supply zone and is also a tension zone that has not been retested by the price around...

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Gold prices suddenly slid sharply in the past session, breaking through the important 1900 resistance level, creating a new low since March this year and confirming the continuation of the long-term downtrend. The bearish momentum is very strong, it is likely that the price will continue to go down after this price action, the short term target will be around...

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In a recent meeting, the Fed signaled that it would continue to tighten monetary policy, thereby pushing up the USD price. However, analysts say that it is likely that the Fed will only raise interest rates one more time and will reverse monetary policy starting in mid-2024. Pressure on the USD will then increase and gold may step in. into a prolonged...

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In the trading session earlier this week, world gold prices were strongly influenced by the rise of the USD and rising bond yields. Rising US Treasury yields hit multi-year highs, increasing the opportunity cost of holding non-yielding assets like gold, while the US Dollar Index hit a new high in 6.5 months reduces the attractiveness of this precious metal to...

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Gold has just broken out of the small price range to fall at 1h. However, the price has not yet escaped far from the support below. Need a deeper push down before retesting upwards to sell down. Or if the price bounces back up, you can wait to sell again at the old peak.

Rideway_Fx Updated 

Last week, world gold continued to trade in the neutral zone when the US Federal Reserve (Fed) kept interest rates unchanged at the September monetary policy meeting and signaled the possibility of at least one increase. again in 2023 and that interest rates will need to stay higher for longer. Kitco News' latest gold survey shows that market analysts and retail...

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After the mentioned bearish signals, the gold price slid as expected in the past session, sometimes approaching the 1910 threshold. The situation is favorable for short positions, you continue to hold. existing short positions, the target is still around the psychological resistance level of 1900.

Rideway_Fx Updated 

According to the latest updated chart, the Fed is expected to have one more interest rate hike in 2023. Out of the 12 Fed members, 12 support an additional rate hike, while 7 oppose it. Additionally, the US Central Bank has also indicated that they will carry out fewer interest rate cuts in the coming year compared to previous projections. However, when Fed...

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During this meeting, Fed policymakers decided to keep interest rates unchanged at a range of 5.25% to 5%, the highest level in about 22 years. In addition, the forecasts given in the Fed's dot plot chart reveal the possibility that the Central Bank will raise interest rates one more time this year, followed by two cuts in 2024. Since starting to tighten policy in...