{"id":4082,"date":"2023-09-12T10:14:16","date_gmt":"2023-09-12T10:14:16","guid":{"rendered":"https:\/\/blog.trive.com\/?p=4082"},"modified":"2023-09-12T10:14:19","modified_gmt":"2023-09-12T10:14:19","slug":"golden-opportunities-with-inflation-knocking","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/de\/handel\/golden-opportunities-with-inflation-knocking\/","title":{"rendered":"Golden Opportunities with Inflation Knocking"},"content":{"rendered":"<p><em>Piece written by Tiaan van Aswegen, Trive Financial Market Analyst<\/em>&nbsp;<\/p>\n\n\n\n<p>As the US CPI report approaches, the greenback takes a step back from its recent six-month highs, leaving traders on the edge of their seats, pondering the future of interest rates. While September seems like a certainty for a rate pause, the November decision dangles precariously in the balance, with the CME FedWatch Tool shining a spotlight on a 56.1% chance of another hike\u2014a significant uptick from just a month ago at 33.9%. The reason behind this uptick is the resilient US data that staged a coup, reshaping the financial landscape and stirring the pot of uncertainty.&nbsp;<\/p>\n\n\n\n<p>All eyes are fixated on the impending inflation data on Wednesday, where expectations are for an increase in the year-over-year figure from 3.2% to 3.6%. Lately, as the US data stood its ground, treasury yields surged, illustrated below by the steadily rising US 2-year and US 10-year treasury yields over the past year, painting a picture of a tightening monetary environment. But, despite the roaring yields and a robust US dollar, gold stands as an unwavering sentinel. The SPDR Gold Shares fund (NYSE Arca: GLD) has delivered a respectable 5.17% return over the past year, a testament to its enduring safe-haven charm, lurking persistently in the minds of traders as they navigate this financial whirlwind.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"499\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-33-1024x499.png\" alt=\"\" class=\"wp-image-4084\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-33-1024x499.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-33-300x146.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-33-768x374.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-33-1536x749.png 1536w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-33-18x9.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-33.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Technische Analyse<\/strong>&nbsp;<\/p>\n\n\n\n<p>On the 4H chart, a downtrend bottomed mid-August, after which a steady uptrend has reversed some of the losses. With the 25-SMA (green line) recently pushing through the 50-SMA (blue line), the short-term momentum tilts to the upside, but the 200-SMA (orange line) still looms higher, suggesting that sellers are not far away.&nbsp;<\/p>\n\n\n\n<p>A recent breakdown at the dynamic support of the ascending channel has found support at the daily pivot point of $178.34. If the price moves below this pivot point, a longer-term correction could see a test of support at $177.65 before reaching $177.20 (S2). At this level, the sustainability of the channel breakdown could be confirmed, opening up a path toward lower support at $175.78.&nbsp;<\/p>\n\n\n\n<p>However, volumes have been declining, suggesting the selling pressure could be waning, leaving the opportunity for a retest at the channel breakdown level at $179.32, the 50% Fibonacci retracement from the mid-August bottom, which is also close to the resistance at $179.49 (R2). If the price moves above this level, the Fibonacci golden ratio at %180.36 could come into play as the upside continues toward $180.99.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"534\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-32-1024x534.png\" alt=\"\" class=\"wp-image-4083\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-32-1024x534.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-32-300x156.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-32-768x400.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-32-1536x801.png 1536w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-32-18x9.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-32.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Zusammenfassung<\/strong>&nbsp;<\/p>\n\n\n\n<p>Despite surging treasury yields and a resilient US dollar, gold has held its ground. The SPDR Gold Shares fund could react to the US inflation report on Wednesday, where a softer-than-expected rise in inflation could catalyse an influx of buyers, potentially pushing the price up to $180.36. However, if inflation remains sticky, there could be some challenging terrain ahead, with the selling pressure potentially dragging the price toward $177.20.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Sources: Koyfin, Tradingview, CME Group&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Piece written by Tiaan van Aswegen, Trive Financial Market Analyst&nbsp; As the US CPI report approaches, the greenback takes a step back from its recent six-month highs, leaving traders on the edge of their seats, pondering the future of interest rates. While September seems like a certainty for a rate pause, the November decision dangles [&hellip;]<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Golden Opportunities with Inflation Knocking - Trive Blog<\/title>\n<meta name=\"description\" content=\"As the US CPI report approaches, the greenback takes a step back from its recent six-month highs, leaving traders on the edge of their seats, pondering the future of interest rates.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.trive.com\/de\/handel\/golden-opportunities-with-inflation-knocking\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Golden Opportunities with Inflation Knocking - 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