XAU/USD Price Forecast: Gold price holds its ground after Fed decision
31.07.2024, 18:12

XAU/USD Price Forecast: Gold price holds its ground after Fed decision

  • Fed Held rates steady at 5.25%-5.5% as expected.
  • Markets await Powell's presser for further insights.
  • The 2,5 and 10-year yields remain down, favoring the non-yielding yellow metal.

On Wednesday, the XAU/USD rose to $2,440 and held its ground after the widely anticipated Federal Reserve (Fed) decision.

The US Federal Reserve has again decided to keep the policy rate unchanged at 5.25%-5.5%, marking the eighth consecutive meeting without a rate adjustment. Following the decision the 2, 5, and 10-year Treasury yields remain stable at 4.36%, 4.02%, and 4.11% respectively with investors keenly anticipating Federal Reserve Chair Jerome Powell's press conference for further insights.

Regarding the statement, there weren’t major language changes and the bank still considers that the inflation is somewhat elevated. There was no clear guidance regarding the September meeting which could be considered hawkish. As such the bank hints that it remains data-dependant.

XAU/USD Technical analysis

The overall outlook is positive with the price above the 20,100 and 200-day Simple Moving Averages (SMA). Indicators also remain in positive terrain which indicates steady buying pressure. For the next sessions, markets should eye the $2,400 - $2,490 (cycle high) range for movements.

XAU/USD Daily chart

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik