{"id":4185,"date":"2023-09-19T11:16:04","date_gmt":"2023-09-19T11:16:04","guid":{"rendered":"https:\/\/blog.trive.com\/?p=4185"},"modified":"2023-09-19T11:16:04","modified_gmt":"2023-09-19T11:16:04","slug":"can-fed-dim-golds-shine","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/de\/handel\/can-fed-dim-golds-shine\/","title":{"rendered":"Can Fed Dim Gold\u2019s Shine?"},"content":{"rendered":"<p><em>Piece written by Mfanafuthi Mhlongo, Trive Financial Market Analyst<\/em>&nbsp;<\/p>\n\n\n\n<p>Gold Spots (XAUUSD) maintained their position above the $1,930 per ounce mark on Tuesday, marking a two-week high, as investors turn their attention to upcoming central bank meetings. The US Federal Reserve\u2019s decision, expected to keep rates unchanged, holds the spotlight as markets await insights into its stance on inflation and future policies.&nbsp;<\/p>\n\n\n\n<p>The US dollar\u2019s recent retreat from six-month highs bolsters gold\u2019s appeal, especially ahead of key central bank announcements by the US, UK, and Japan this week. While the Fed is unlikely to alter rates, its outlook on future rates remains critical.&nbsp;<\/p>\n\n\n\n<p>Low global inventories of gasoline and diesel pose short-term inflation risks. However, gold\u2019s appeal may diminish if the Fed raises rates further to control inflation. Gold bulls may face challenges until market confidence grows in the Fed\u2019s willingness to ease financial conditions.&nbsp;<\/p>\n\n\n\n<p><strong>Technische Analyse<\/strong>&nbsp;<\/p>\n\n\n\n<p>On the 4-hour chart, the price of gold stands at $1,933.98\/ounce, trading above the daily pivot point. Notably, price action is currently positioned above the 20-EMA (blue line), the 50-EMA (red line), and the 100-EMA (orange line). The 20-EMA has recently crossed above both the 50-EMA and the 100-EMA, indicating a bullish trend. The Relative Strength Index (RSI) stands at 64.69, with the RSI-based Moving Average at 61.61, suggesting a market in an uptrend.&nbsp;<\/p>\n\n\n\n<p>Potential short-term trading opportunities could emerge if the price action maintains its momentum, targeting the $1,938.65\/ounce resistance level. A successful breakout could bring the $1,948.77\/ounce resistance level into play in the short term.&nbsp;<\/p>\n\n\n\n<p>However, a push below the daily pivot point may offer short-term trading opportunities toward the EMAs and the initial support at $1,922.47\/ounce. A break below this initial support, on significant volume, would leave the $1,913.76\/ounce and $1,901.08 \/ounce support levels within reach in the short term.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"540\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-69-1024x540.png\" alt=\"\" class=\"wp-image-4186\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-69-1024x540.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-69-300x158.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-69-768x405.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-69-18x9.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/09\/image-69.png 1377w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Zusammenfassung<\/strong>&nbsp;<\/p>\n\n\n\n<p>As we move forward, the Fed\u2019s interest rate decision, due later in the week, will play a pivotal role in shaping market sentiment and the non-yielding bullion\u2019s trajectory. With the technicals suggesting a short-term bullish sentiment toward gold, a potential upside towards the $1,938.65\/ounce and $1,948.77\/ounce resistance levels remain.&nbsp;<\/p>\n\n\n\n<p>However, a break below the $1,928.95\/ounce level would leave the $1,922.47\/ounce and $1,913.47\/ounce support levels within the bears\u2019 reach in the short term.&nbsp;<\/p>\n\n\n\n<p><strong>Quellen: <\/strong>TradingView, Trading Economics, Reuters, Dow Jones Newswire.&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Piece written by Mfanafuthi Mhlongo, Trive Financial Market Analyst&nbsp; Gold Spots (XAUUSD) maintained their position above the $1,930 per ounce mark on Tuesday, marking a two-week high, as investors turn their attention to upcoming central bank meetings. The US Federal Reserve\u2019s decision, expected to keep rates unchanged, holds the spotlight as markets await insights into [&hellip;]<\/p>","protected":false},"author":15,"featured_media":3877,"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>Can Fed Dim Gold\u2019s Shine? - Trive Blog<\/title>\n<meta name=\"description\" content=\"Gold Spots maintained their position above the $1,930 per ounce mark on Tuesday, marking a two-week high, as investors turn their attention to upcoming central bank meetings.\" \/>\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\/can-fed-dim-golds-shine\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Fed Dim Gold\u2019s Shine? 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