We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Mixed
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • The #Euro is struggling for direction against the US Dollar but the near-term downtrend guiding it lower since late June remains firmly intact. Where is $EURUSD heading? Get your technical analysis from @IlyaSpivak here: https://t.co/us6AINmuoe https://t.co/J4hQtyprYf
  • $DXY & $SPX500 hold steady after #FED rate cut. Get your update from @JohnKicklighter here: https://t.co/vqXlKCMDYA
  • Dow Jones & Dax 30 levels to watch ahead of the fed from @PeterHanksFX here: https://t.co/iUIrsygKz2
  • The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever. Get your market update from @DavidCottleFX here:https://t.co/xTKHOvrIqg https://t.co/vtHhdnF82Q
  • How can confidence in trading help with avoiding #FOMOintrading? Find out from @WVenketas here: https://t.co/MY7j9ISn4S https://t.co/n7XwfiDZz2
  • The week saw a slightly more dovish than expected RBA minutes increase the importance of the latest labour market report, which showed an uptick in the unemployment rate to 5.3%. Where is $AUDUSD heading? Find out from @JMcQueenFX here: https://t.co/odj2lLRrGf https://t.co/gmGjlGBvjv
  • #OOTT https://t.co/TLgP7dUqFv
  • #Silver’s recent bull run may have run its course in the short-term with the sharp sell-off from the September 4 high print at $19.66/oz.Where is Silver heading? Get your market update from @nickcawley1 here: https://t.co/oVAZ4wPR7z https://t.co/1LvLXmqnwx
  • RT @Frances_Coppola: NY Fed thinks reserve hoarding by a small number of banks caused the repo tantrum. Question is, why are they hoarding…
  • Gold Prices Weekly Technical Forecast, Finding Upside Commitment? #GoldPrice #XAUUSD #Gold - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/09/20/Gold-Prices-Weekly-Technical-Forecast-Finding-Upside-Commitment.html?utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/CgaaEzb2li
Gold Price Q3 Forecast: Gold Outlook Bullish on Imminent Fed Rate Cut

Gold Price Q3 Forecast: Gold Outlook Bullish on Imminent Fed Rate Cut

Share:

Gold took out the 2014 high ($1392) after the Federal Reserve altered the forward guidance for monetary policy, and the price for bullion may continue to benefit from the current environment as the central bank appears to be on track to switch gears over the coming months.

July Fed Meeting Interest Rate Probabilities

Gold Price Q3 Forecast: Gold Outlook Bullish on Imminent Fed Rate Cut

In fact, Fed Fund futures now highlight 100% probability for at least a 25bp rate cut at the next rate decision on July 31. The central bank may show a greater willingness to establish a rate easing cycle as the dot-plot shows the benchmark interest rate narrowing to 1.75% to 2.00% by the end of 2019.

To read the full Gold Price Forecast, download the free guide from the DailyFX Trading Guides page

Gold Price Technical Analysis: Look to Fade Weakness into Q3

Gold prices are testing big resistance into the final week of June trade and while the broader focus is higher in XAU/USD, look for a larger pullback early next quarter to offer more favorable entries while above 1319. Ultimately, we’re targeting fresh yearly highs above 1400 in the second quarter before a larger correction.

To read the full Gold Price Forecast, download the free guide from the DailyFX Trading Guides page

Gold Price Weekly Chart

Gold Price Q3 Forecast: Gold Outlook Bullish on Imminent Fed Rate Cut

Chart prepared by Michael Boutros

To read the full Gold Price Forecast, download the free guide from the DailyFX Trading Guides page

provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.