Gold continues to rise, driven by rate cut speculation and safe-haven demand, presenting potential opportunities for traders. Gold futures are currently priced at $3,411.8, reflecting a daily increase of 0.35%. Over the past year, gold has seen a 36.98% increase, trading near its long-term range’s peak.<\/p>\n
Key factors influencing this upward trend include a softer U.S. jobs report, which increased the likelihood of a Federal Reserve rate cut, with odds over 80%. Lower interest rates make gold more attractive, reducing the opportunity cost of holding it. Geopolitical tensions, trade policy uncertainties, and inflation expectations also contribute to gold’s appeal.<\/p>\n
From a trading perspective, current momentum favours buyers, with strong responses to macroeconomic conditions. Gold’s stability above $3,400 suggests ongoing support, with price behaviour near $3,406-$3,409 being crucial for traders. Recent shifts in market sentiment indicate increased buying activity, holding above key market levels like VWAP and POC.<\/p>\n
OrderFlow Intel suggests a bullish bias, with potential movement towards $3,440. However, traders may prefer to wait for a pullback to enter, aiming for a better risk-reward ratio. This analysis provides insight to support informed trading decisions but not direct trade recommendations.<\/p>\n
The outlook for gold remains strong, as Friday\u2019s weaker U.S. jobs report has increased the likelihood of a Federal Reserve rate cut in September. After the long period of high rates we saw maintained through 2024, the market is now pricing in an over 80% chance the Fed will finally pivot. This shift makes holding non-yielding assets like gold more appealing for derivative traders.<\/p>\n
This expectation for lower rates comes as inflation continues to be a concern, a problem that has persisted since it proved difficult to control back in 2024. We have seen a significant flight to safety amid ongoing geopolitical tensions and uncertainty over global trade policies. This sustained demand has helped push gold\u2019s year-to-date performance over 29%.<\/p>\n
The current price near $3,411 builds on the powerful rally that began when we broke the all-time highs back in 2024. We are also seeing record-level purchases from global central banks, a multi-year trend that added over 1,037 tonnes in 2023 alone and has continued since. These large, consistent buyers provide a strong underlying support for the price.<\/p>\n
From a trading perspective, the recent order flow shows a clear shift from sellers to buyers, suggesting the upward momentum will continue. Chasing the market at the current price is not advisable. A more disciplined approach is to wait for a price pullback to find a better entry point.<\/p>\n
We see a potential support zone forming between $3,406 and $3,409, which aligns with key indicators like the Volume Weighted Average Price (VWAP). Setting entry orders for a long position within this range could provide a favorable risk-to-reward opportunity. This strategy allows traders to join the bullish trend without buying at the peak of the current intraday move.<\/p>\n
If this support level holds and the upward trend resumes, the next logical target could be around the $3,440 mark. Traders should use appropriate stop-loss orders to manage risk effectively in case of a sudden market reversal. The key is to patiently wait for the market to come to your price.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Gold price climbs on rate cut hopes and safe-haven demand, signaling bullish opportunities for informed traders.<\/p>\n","protected":false},"author":62,"featured_media":16978,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-28069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=28069"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16978"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=28069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=28069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=28069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}