Mengonfirmasi Anda bukan dari AS atau Filipina

Dengan memberikan pernyataan ini, saya secara tegas menyatakan dan mengonfirmasikan bahwa:
  • Saya bukan warga negara atau penduduk AS
  • Saya bukan penduduk Filipina
  • Saya, secara langsung maupun tidak langsung, tidak memiliki lebih dari 10% saham/hak suara/kepentingan dari penduduk AS dan/atau tidak mengontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berada di bawah kepemilikan langsung atau tidak langsung untuk lebih dari 10% saham/hak suara/kepentingan dan/atau berada di bawah kontrol warga negara atau penduduk AS dengan cara lain
  • Saya tidak berafiliasi dengan warga negara atau penduduk AS dalam hal Bagian 1504(a) dari FATCA
  • Saya menyadari tanggung jawab saya jika membuat pernyataan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah dependen AS disamakan dengan wilayah utama AS. Saya berkomitmen untuk membela dan membebaskan Octa Markets Incorporated, direktur dan pejabatnya dari klaim apa pun yang timbul akibat atau terkait dengan pelanggaran apa pun atas pernyataan saya.
Batalkan Konfirmasi
Kami berkomitmen menjaga privasi dan keamanan informasi pribadi Anda. Kami hanya mengumpulkan email untuk menyediakan penawaran khusus dan informasi penting tentang produk dan layanan kami. Dengan memberikan alamat email, Anda setuju untuk menerima surat tersebut dari kami. Jika Anda ingin berhenti berlangganan atau memiliki pertanyaan maupun permasalahan, silakan hubungi Layanan Pelanggan kami.
Konfirmasi
Berita trading
Back
16 Jan 2024

Gold Price Forecast: XAU/USD faces downward pressure influenced by US strength and high US yields

  • The XAU/USD exhibits a strong downward trend, moving near the $2,025 level.
  • The US Dollar measured by the DXY Index rose to its highest since mid-December.
  • Higher US yields are also driving demand away from the US Dollar.

In Tuesday's trading session, the XAU/USD showcased a significant downward trajectory, trading near the $2,025 mark. This downward movement is predominantly attributed to the strengthening US Dollar and higher US yields. With the US economy showing resilience, precious metals such as gold XAU are witnessing downward pressure but as long as dovish bets on the Federal Reserve (Fed) remain high, the downside is limited.

The Federal Reserve closely observes Core inflation, which unexpectedly picked up in December. In addition, they also monitor the labor market, which showed strong figures in the last month of 2023, with job creation and earnings accelerating and Unemployment declining. While the Fed officials keep a cautious tone as an overheated economy may threaten their fight against inflation, the markets are confident that the easing cycle will begin in March, and those dovish bets may limit the downside for the metal. As for now, the CME FedWatch Tool suggests that the probabilities of cuts in March and May are high, above 50%.

Presently, US Treasury yields are up. The 2-year rate is 4.20%, the 5-year rate is 3.90%, and the 10-year yield is recorded at 4%. Higher yields drove attention to the US dollar as it tends to attract foreign investors.

XAU/USD levels to watch

The indicators on the daily chart suggest a mixed outlook for the metal. The Relative Strength Index (RSI) shows a downward trajectory and it currently resides in negative territory. This condition usually hints at a strong selling momentum. Simultaneously, the Moving Average Convergence Divergence (MACD) is displaying increasing red bars. This points to a scenario where the selling pressure is progressively strengthening, adding further weight to the bearish bias in the short-term dynamics.

However, zooming out to the broader perspective, the metal remains in a bullish context as it stays above both the 100-day and 200-day Simple Moving Averages (SMAs). This reveals that, while sellers are attempting to seize control in the immediate term, the overarching buying momentum remains robust, maintaining a buffer against a complete trend reversal.

In summary, while the day-to-day fluctuations may appear towards a continued downward path, the bearish sentiment may be seen as temporary noise within a larger bullish trend.


XAU/USD daily chart

Jan 16, 2024

GBP/USD tests into 2024’s lows near 1.2620 despite sharp revisions in unemployment figures

The GBP/USD fell to a near-term low of 1.2620 in Tuesday trading as broader markets shrug off upbeat economic data from the UK in favor of bidding up the US Dollar (USD) across the board, sending the Pound Sterling (GBP) into the new year’s lows and putting further pressure on the pair.
Baca selengkapnya Previous
Jan 16, 2024

US Treasury yields climb amid central bank policymakers speeches

US Treasury yields rose across the board as interest rate traders in the futures market trimmed their bets that the US Federal Reserve (Fed) would cut rates as quickly as expected.
Baca selengkapnya Next