Market Analysis: After the Fed announcement, Gold bulls regain momentum

  • master
  • 26.03.2019
  • Comments Off on Market Analysis: After the Fed announcement, Gold bulls regain momentum
<p><a href=”https://admiralmarkets.com/analytics/traders-blog/fed-dovish-gold-bulls”><img style=”width:auto;” class=”img-responsive” src=”https://fxmedia.s3.amazonaws.com/articles/remote/5cde72b8695bf0f17934e4c899c0cbe9.png” style=”” alt=”Today’s economic events calendar” rel=””></a></p><p><em>Source: Economic Events March 25, 2019 – </em><a href=”https://admiralmarkets.com/analytics/forex-calendar”><em>Admiral Markets’ Forex Calendar</em></a></p>
<p>After the Fed delivered a very dovish statement at its March meeting last Wednesday, declaring that it plans to not only leave interest rates unchanged at 225 to 250 basis points, but that the Fed “dot plot” doesn’t advocate any rate hikes in 2019, and only one for 2020. Consequently, the technical picture for Gold can also be considered bullish from a short-term perspective. </p><p>The 4-hour chart below displays a clear sequence of successively higher highs and lows after the sharp drop below 1,300 on March 1, and as long as Gold trades below its pre-Fed lows around 1,299 USD, further gains up to 1,330 USD and even a re-test of the current yearly highs around 1,346 USD is an option. </p><p>If Gold bears gain back control over the next days and push the precious metal back below 1,300 USD, another push downwards and test of the region around 1,275/277 becomes a serious option. </p>
<p><a href=”https://admiralmarkets.com/analytics/traders-blog/fed-dovish-gold-bulls”><img style=”width:auto;” class=”img-responsive” src=”https://fxmedia.s3.amazonaws.com/articles/remote/9d4aa3179009e50525f15170fb73025b.png” style=”” alt=”Gold Index 4-hour chart” rel=””></a></p><p><em>Source: Admiral Markets</em><a href=”https://admiralmarkets.com/trading-platforms/metatrader-5″> <em>MT5</em></a><em> with</em><a href=”https://admiralmarkets.com/trading-platforms/metatrader-se”> <em>MT5-SE Add-on</em></a><em> Gold Daily chart (between December 13, 2018, to March 22, 2019). Accessed: March 22, 2019 at 10:00pm GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.</em></p><p>In 2014, the value of Gold fell by 1.7%, in 2015, it fell by 10.4%, in 2016 it increased by 8.1%, in 2017 it increased by 13.1%, in 2018, it fell by 1.6%, meaning that after five years, it was up by 6.4%.</p><p><a href=”https://admiralmarkets.com/trading-platforms/metatrader-5″><a href=”https://admiralmarkets.com/analytics/traders-blog/fed-dovish-gold-bulls”><img style=”width:auto;” class=”img-responsive” src=”https://fxmedia.s3.amazonaws.com/articles/remote/2a895db3678a874abe94e46714a5f73f.png” style=”” alt=”Download MetaTrader 5 and begin trading today!” rel=””></a></a></p><p><em>Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter “Analysis”) published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:</em></p><ol><li>This is a marketing communication. The analysis is published for informative purposes only and are in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.</li><li>Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the Analysis.</li><li>Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter “Author”) based on the Author’s personal estimations. </li><li>To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.</li><li>Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.</li><li>The contents of the Analysis should not be construed as an express or implied promise, guarantee or implication by Admiral Markets that the client shall profit from the strategies therein or that losses in connection therewith may or shall be limited.</li><li>Any kind of previous or modeled performance of financial instruments indicated within the Publication should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.</li><li>The projections included in the Analysis may be subject to additional fees, taxes or other charges, depending on the subject of the Publication. The price list applicable to the services provided by Admiral Markets is publicly available from the website of Admiral Markets.</li></ol><em>Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the </em><a href=”https://admiralmarkets.com/risk-disclosure”><em>risks</em></a><em>.</em>