Tariffs mean that countries will trade less in dollars, so I expect gold to continue to do well as the world looks for an alternative monetary asset.”#SharingTradingMistakesAndGrowth#BrokerEvaluation

Tariffs mean that countries will trade less in dollars, so I expect gold to continue to do well as the world looks for an alternative monetary asset.”#SharingTradingMistakesAndGrowth#BrokerEvaluation

Canada, the United States' second-largest trading partner, will face a 35% tariff increase. Meanwhile, India faces a 25% increase.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Canada, the United States' second-largest trading partner, will face a 35% tariff increase. Meanwhile, India faces a 25% increase.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Trade tensions are providing another layer of support for gold. President Trump set an August 1 deadline for countries to finalize a trade deal. While the United States reached agreements with Japan and the European Union, resulting in a 15% increase in import tariffs, many major trading partners still face the risk of tariff increases.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Trade tensions are providing another layer of support for gold. President Trump set an August 1 deadline for countries to finalize a trade deal. While the United States reached agreements with Japan and the European Union, resulting in a 15% increase in import tariffs, many major trading partners still face the risk of tariff increases.#SharingTradingMistakesAndGrowth#BrokerEvaluation

There is a light economic data week as investors continue to digest last Friday's jobs report.#SharingTradingMistakesAndGrowth#BrokerEvaluation

There is a light economic data week as investors continue to digest last Friday's jobs report.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Traders are already positioning for a dip and a rebound, with some analysts pointing to a seasonal pattern in which gold typically gains traction after August. While volatility could still limit short-term gains, the overall trend looks positive and the typical summer lull may be over.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Traders are already positioning for a dip and a rebound, with some analysts pointing to a seasonal pattern in which gold typically gains traction after August. While volatility could still limit short-term gains, the overall trend looks positive and the typical summer lull may be over.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Bullish trends in gold ETFs and rising open interest support this potential breakout.

Bullish trends in gold ETFs and rising open interest support this potential breakout.

If the Federal Reserve signals a dovish stance, speculative inflows could push gold prices above the psychological level of $3,400 an ounce, especially as investors seek safe-haven assets during economic uncertainty.#BrokerEvaluation

If the Federal Reserve signals a dovish stance, speculative inflows could push gold prices above the psychological level of $3,400 an ounce, especially as investors seek safe-haven assets during economic uncertainty.#BrokerEvaluation

The Federal Reserve may ultimately regret its decision to keep interest rates unchanged earlier this week. "A rate cut in September is a sure thing, perhaps even a 50 basis point cut, to make up for lost time," he said.

The Federal Reserve may ultimately regret its decision to keep interest rates unchanged earlier this week. "A rate cut in September is a sure thing, perhaps even a 50 basis point cut, to make up for lost time," he said.

Markets are pricing in about a 92% chance of the Fed easing monetary policy in September, according to the CME FedWatch tool. Last Thursday, the market was pricing in just a 38% chance of a rate cut.#SharingTradingMistakesAndGrowth

Markets are pricing in about a 92% chance of the Fed easing monetary policy in September, according to the CME FedWatch tool. Last Thursday, the market was pricing in just a 38% chance of a rate cut.#SharingTradingMistakesAndGrowth

Lingering doubts about a September rate cut dissipated after dismal U.S. job market data. The U.S. economy created just 73,000 jobs last month, according to the Bureau of Labor Statistics. Furthermore, total job growth in May and June was revised downward by 258,000 jobs. According to the revised data, only 14,000 jobs were created in June and 19,000 in May.

Lingering doubts about a September rate cut dissipated after dismal U.S. job market data. The U.S. economy created just 73,000 jobs last month, according to the Bureau of Labor Statistics. Furthermore, total job growth in May and June was revised downward by 258,000 jobs. According to the revised data, only 14,000 jobs were created in June and 19,000 in May.

Gold came under intense selling pressure after the Federal Reserve kept interest rates unchanged and Fed Chairman Powell raised uncertainty about a possible rate cut in September.#BrokerEvaluation#SharingTradingMistakesAndGrowth

Gold came under intense selling pressure after the Federal Reserve kept interest rates unchanged and Fed Chairman Powell raised uncertainty about a possible rate cut in September.#BrokerEvaluation#SharingTradingMistakesAndGrowth

Gold prices saw an impressive rally last Friday, driven by a plunging dollar. "Looking at the chart, bulls were on a rampage that day, with $3,400 less than 2% away," he said. "With prices breaking through the $3,330 resistance level, the weekly chart is significantly bullish. A weekly close above this level could signal a move towards $3,400."

Gold prices saw an impressive rally last Friday, driven by a plunging dollar. "Looking at the chart, bulls were on a rampage that day, with $3,400 less than 2% away," he said. "With prices breaking through the $3,330 resistance level, the weekly chart is significantly bullish. A weekly close above this level could signal a move towards $3,400."

Spot gold closed at $3,363.16, up 2.23% on the day, or $73.24, to a high of $3,363.37.#BrokerEvaluation

Spot gold closed at $3,363.16, up 2.23% on the day, or $73.24, to a high of $3,363.37.#BrokerEvaluation

Gold rebounded strongly late last week, shaking off losses at the start of the week and surging towards key resistance at $3,400 an ounce as weak U.S. jobs data rekindled hopes for a September rate cut by the Federal Reserve.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Gold rebounded strongly late last week, shaking off losses at the start of the week and surging towards key resistance at $3,400 an ounce as weak U.S. jobs data rekindled hopes for a September rate cut by the Federal Reserve.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The weak U.S. non-farm payroll data in July has injected new confidence into gold bulls, and the price of gold is expected to reach $3,400.#SharingTradingMistakesAndGrowth

The weak U.S. non-farm payroll data in July has injected new confidence into gold bulls, and the price of gold is expected to reach $3,400.#SharingTradingMistakesAndGrowth

The U.S. Bureau of Labor Statistics released employment data for July last week, showing that the U.S. economy created only 73,000 jobs that month. In addition, total job growth in May and June was revised downward by 258,000.#SharingTradingMistakesAndGrowth#BrokerEvaluation

The U.S. Bureau of Labor Statistics released employment data for July last week, showing that the U.S. economy created only 73,000 jobs that month. In addition, total job growth in May and June was revised downward by 258,000.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Technically, the bullish trend remains. As long as gold prices do not fall below the $3,300 support level, bulls may still be able to challenge the highs again. In the near term, focus will be on US factory orders data and market risk sentiment.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Technically, the bullish trend remains. As long as gold prices do not fall below the $3,300 support level, bulls may still be able to challenge the highs again. In the near term, focus will be on US factory orders data and market risk sentiment.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Brokers charge both buyers and sellers of currency pairs in the form of a spread. However, the extent of spread can differ based on its type. Commonly speaking, forex brokers offer two types of spreads - Fixed Spread and Variable Spread. A spread, as a concept, is the difference between the selling and buying price of a currency pair. Fixed Spread - Here, the spread remains constant no matter the market conditions. Traders feel a great deal of predictability in their trading costs. The capital needs are lower here. It sort of calms you when a broader market becomes highly volatile. Variable Spread - This differs based on several factors, including liquidity, market volatility, supply-demand dynamics, and economic indicators. The spread increases or decreases based on the variation in bid and ask prices for currency pairs owing to different market conditions.

Brokers charge both buyers and sellers of currency pairs in the form of a spread. However, the extent of spread can differ based on its type. Commonly speaking, forex brokers offer two types of spreads - Fixed Spread and Variable Spread. A spread, as a concept, is the difference between the selling and buying price of a currency pair. Fixed Spread - Here, the spread remains constant no matter the market conditions. Traders feel a great deal of predictability in their trading costs. The capital needs are lower here. It sort of calms you when a broader market becomes highly volatile. Variable Spread - This differs based on several factors, including liquidity, market volatility, supply-demand dynamics, and economic indicators. The spread increases or decreases based on the variation in bid and ask prices for currency pairs owing to different market conditions.

Currently, the price of gold is suppressed by the short-term rebound of the US dollar, but the multiple supporting factors behind it remain strong: expectations of a September rate cut by the Federal Reserve continue to strengthen, concerns about the stability of monetary policy, and geopolitical uncertainty increase demand for safe-haven assets.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Currently, the price of gold is suppressed by the short-term rebound of the US dollar, but the multiple supporting factors behind it remain strong: expectations of a September rate cut by the Federal Reserve continue to strengthen, concerns about the stability of monetary policy, and geopolitical uncertainty increase demand for safe-haven assets.#SharingTradingMistakesAndGrowth#BrokerEvaluation

If the gold price breaks through $3,370 again, it will open up upward space to test the $3,400 mark. If the momentum continues, it will look up to the previous high resistance area of $3,430, and even challenge the historical high of $3,500.#SharingTradingMistakesAndGrowth#BrokerEvaluation

If the gold price breaks through $3,370 again, it will open up upward space to test the $3,400 mark. If the momentum continues, it will look up to the previous high resistance area of $3,430, and even challenge the historical high of $3,500.#SharingTradingMistakesAndGrowth#BrokerEvaluation