ทองคำ / ดอลลาร์สหรัฐที่อัปเดต: POWELL SPEECH AND XAUUSD
Powell’s Testimony Today: What It Means for Gold
Gold is trading at record highs, breaching $2,942/oz, as markets gear up for Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress today. His remarks will likely set the tone for gold and broader market movements in the coming weeks.
What’s Driving Gold Right Now?
1️⃣ Safe-Haven Demand: Uncertainty around U.S. trade policies, including new tariffs on steel and aluminum imports, has pushed investors toward gold as a hedge against economic turbulence.
2️⃣ Dollar Strength vs. Gold: A stronger dollar can weigh on gold prices, while dovish signals from the Fed typically weaken the dollar, supporting gold.
3️⃣ Inflation Risks: Rising inflation expectations due to tariff-driven cost pressures may also influence gold, which is traditionally seen as an inflation hedge.
What to Expect from Powell’s Testimony
Powell’s testimony is critical because it will give markets a clearer view of how the Fed plans to navigate the current economic challenges.
📊 Scenario 1 – Dovish Signal:
If Powell emphasizes patience in rate adjustments, focusing on the need for stability amidst trade policy uncertainties, gold could rally further. A dovish tone would likely weaken the dollar and increase demand for gold as a safe haven.
📊 Scenario 2 – Hawkish Signal:
If Powell shifts the narrative toward combating potential inflationary pressures, it could signal a more aggressive Fed stance. This might strengthen the dollar and lead to a pullback in gold prices.
Why This Matters for Traders
Gold is at a critical inflection point, and Powell’s tone could either reinforce the current uptrend or trigger a correction.
Watch how the market reacts to his comments on inflation, tariffs, and economic risks. His stance could influence gold’s direction not just today but for weeks ahead.
Key levels to watch: $2,950 (immediate resistance) and $2,900 (support). A breakout above resistance could open doors to new highs, while a break below support might signal short-term bearish momentum.
Stay tuned and be prepared for potential volatility. Powell’s testimony is one of those market-moving events that traders simply cannot ignore.
#gold #Fed #trading #Powell #forex #marketupdate
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Gold is trading at record highs, breaching $2,942/oz, as markets gear up for Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress today. His remarks will likely set the tone for gold and broader market movements in the coming weeks.
What’s Driving Gold Right Now?
1️⃣ Safe-Haven Demand: Uncertainty around U.S. trade policies, including new tariffs on steel and aluminum imports, has pushed investors toward gold as a hedge against economic turbulence.
2️⃣ Dollar Strength vs. Gold: A stronger dollar can weigh on gold prices, while dovish signals from the Fed typically weaken the dollar, supporting gold.
3️⃣ Inflation Risks: Rising inflation expectations due to tariff-driven cost pressures may also influence gold, which is traditionally seen as an inflation hedge.
What to Expect from Powell’s Testimony
Powell’s testimony is critical because it will give markets a clearer view of how the Fed plans to navigate the current economic challenges.
📊 Scenario 1 – Dovish Signal:
If Powell emphasizes patience in rate adjustments, focusing on the need for stability amidst trade policy uncertainties, gold could rally further. A dovish tone would likely weaken the dollar and increase demand for gold as a safe haven.
📊 Scenario 2 – Hawkish Signal:
If Powell shifts the narrative toward combating potential inflationary pressures, it could signal a more aggressive Fed stance. This might strengthen the dollar and lead to a pullback in gold prices.
Why This Matters for Traders
Gold is at a critical inflection point, and Powell’s tone could either reinforce the current uptrend or trigger a correction.
Watch how the market reacts to his comments on inflation, tariffs, and economic risks. His stance could influence gold’s direction not just today but for weeks ahead.
Key levels to watch: $2,950 (immediate resistance) and $2,900 (support). A breakout above resistance could open doors to new highs, while a break below support might signal short-term bearish momentum.
Stay tuned and be prepared for potential volatility. Powell’s testimony is one of those market-moving events that traders simply cannot ignore.
#gold #Fed #trading #Powell #forex #marketupdate
motivate us by hitting boost button
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน