According to technical analysis, gold will increase
Gold jumped more than 3% to above $2,100 early on Monday before paring those gains, hitting fresh all-time highs amid growing expectations that the US Federal Reserve will hold interest rates steady at this month’s meeting and could start cutting rates next year.
Traders also doubled down on those bets despite Fed Chair Jerome Powell’s pushback against rate-cut expectations, saying it’s “premature” to anticipate policy easing.
Markets now see a 60% chance that the US central bank could reduce its policy rate in March next year and are fully pricing in a cut in May.
On the data front, the US ISM Manufacturing PMI came in below estimates in November, pointing to the 13th consecutive contraction in the factory activity and supporting the softer rate outlook.
Additionally, the latest US PCE inflation reading indicated a slowdown in prices, while continuing jobless claims reached a two-year high.
XAUUSD BUY XAUUSD 2080-2078-2075
✔️TP1 2085
✔️TP2 2090
❌SL 2070
Traders also doubled down on those bets despite Fed Chair Jerome Powell’s pushback against rate-cut expectations, saying it’s “premature” to anticipate policy easing.
Markets now see a 60% chance that the US central bank could reduce its policy rate in March next year and are fully pricing in a cut in May.
On the data front, the US ISM Manufacturing PMI came in below estimates in November, pointing to the 13th consecutive contraction in the factory activity and supporting the softer rate outlook.
Additionally, the latest US PCE inflation reading indicated a slowdown in prices, while continuing jobless claims reached a two-year high.
XAUUSD BUY XAUUSD 2080-2078-2075✔️TP1 2085
✔️TP2 2090
❌SL 2070
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.