Thin Gold Price Decline After China Trade Data Release

Harge gold in the Asian trading session on Monday (08/08/2016) experienced a decrease in thinner data release along with the existence of a trade balance surplus of Chinese in the country. When a news story is written, the XAU/USD traded in a range of price levels of 1.335 us dollars.

Meanwhile, on New York's Comex Exchange Mercanile, the price of gold futures for December delivery declined by 0.21 percent to 1.341 price to as low as us dollars per troy ounce. While the price of silver futures for delivery in September to price levels 19.67 us dollars per troy ounce, slipping 0.74 percent and prices of copper futures for delivery in September increased by 0.84 percent to as low as the price of 2,172 us dollars per troy ounce.

The Chinese Trade Data Release
The State of China is one of the country's consumers of precious metals gold is the second largest in the world. Therefore, the existence of trade balance data release in the country will exert influence
the price of gold.

Trade balance data in China in July this year crept up into surplus 52.31 billion when compared with the previous month of June trade balance of China only surplus 48.11 billion and analysts predictions 43.60 billion. While the export sector in the country is experiencing a rise in thin from-4.8 per cent to-44 percent, below expectations and import sectors shrank from-8.4 per cent to-12.5 percent.

Strengthening The Employment Data In The U.s.
In addition, during the golden week trading session yesterday, the price of gold declined on Friday to the lowest level over the past week. These conditions are driven by the data of the U.S. economy in July showed an increase in above expectations.

U.S. Department of Labor on Friday night and then declared that the US's uphill NFP data very significant be 255.000 above estimates will drop to 180.000. In addition, the unemployment rate stagnant at 4.9 percent due to the increasing number of people entering the labor market.

A report from the U.S. Labor Department also presents data on average wages per hour on a monthly basis which rose by 0.3 percent, above estimate would rise 0.2 percent. The presence of the reinforcement on the U.S. labor market data can further elevate the probability against a rise in U.S. interest rates by the Fed in the coming months.

Speculation for the rise in U.S. interest rates by analysts with opportunities increasing by 15 percent to a rise in US interest rates in September. Besides that, the odds of 44 percent rise for the month of December, up from only 33 percent previously.

As it is already known that the gold price trend amongst U.S. interest rates high will likely decline (bearish) and will compete with asset berimbal behind the flowers.

Analysis of Gold 03 Augustus, Bullish on Corrective Range USD1361

Corrective move gold bullish on USD1361 range and are expected to support USD1361 breaking toward the reversal will then continue to lead to bearish toward breaking support USD1350, however subsequent Gold movements seem to be heavily influenced by the release of u.s. economic data further especially related to NFP release this weekend.

The FED must be careful on the rise in interest rates because of the risk to the growth of the US economy, so NY-FED William Dudley said earlier this week. This led to speculation that a rise in interest rates at the end of the year the program will fade. Oil prices rose in thin early trading on yesterday after U.S. crude oil slumped under USD40 per barrel, but traders said that the market will continue to fuel whose excess production.


Technical Analysis

On the graph below the H4 can be seen one of the chances of a split which could help you taking trading decisions today.

Gold Prices Rise, After Announcement Interest Rate U.S.

The price of gold in the Asian session on Thursday (07/28)2016 rising along with investors further digest the latest view of the Fed and back focusing on monetary policy announcement by the central bank of Japan's Friday tomorrow. When this news was revealed, XAU/USD traded in a range of price levels 1.338 u.s. dollars.

Meanwhile, on the Comex, the New York Mercantile Exchange, the price of gold futures for December delivery increased by 0.91 percent to 1.346 dollars per troy oz. While the price of silver futures for delivery in September experienced significant increases of 1.58 percent to as low as the price of 20 u.s. dollars per troy ounce and the price of copper futures for delivery in September became 2,195 dollars per pound thin ride i.e. of 0.46 percent.

During the trading session Wednesday evening yesterday, the price of gold was able to remove his descent in the midst of the U.S. economic data releases which only showed a rise of thin and the FOMC meeting last night.

Since experiencing a sharp rise in 28 months at the beginning of last July, the price of gold out of two percent as investors took the risk in equities globally. Even so, the price of the precious metal gold is still capable of creeping up 25 percent and is price its strongest in a decade.


The Results Of The FOMC Policy Meeting
On Wednesday night yesterday, the Fed's policy makers have decided to keep interest rates let between 0.25 percent up to 0.50 percent. However, the Fed also stated, the risks-the risk to the outlook of the economy in the U.S. have been reduced. This condition is open opportunities there will be tightening policy this year.

In addition, the U.S. central bank also said the economy in the U.S., has already begun to develop on the level of employment data and there are also showed a strengthening in June. In addition, the Fed policy makers also stated, they will still continue to keep an eye on inflation data and the global economy as well as the development of the financial markets as the basis of a consideration of decision-making at meetings later.

Now the Fed officials were waiting for the initial estimate of GDP data for the second quarter are forecast to indicate the economy is in the United States will rebound from the previous quarter. Meanwhile, a Reuters poll exposes that the Fed would likely await until December to start raising the interest of the tribe.

As already known, the gold price will tend to be bearish when the Fed raises interest rates. It will also be weighing down gold prices gold precious metals and lead compete with asset berimbal behind the flowers.

The Price Of Gold Decreases, The Focus On The Results Of The Meeting Of The Fed

The gold price decline is thin in the Asian session on Monday (25/16) with investors prepared to await the decision of the meeting of the central bank of the United States and Japan. When this news was revealed, XAU/USD traded in a range of price levels 1.316 u.s. dollars.

In the meantime. on the New York Mercantile Comex, the price of gold futures for delivery in December dropped by 0.60 percent to 1.315 u.s. dollars per troy ounce. While the price of silver futures for delivery in September became to 19 us dollars per troy ounce of significant decline of 0.93 percent and the price of copper futures for delivery in September increased thin be 2,241 u.s. dollars per pound.

Although gold has experienced the increase by 25 percent this year due to an anxiety towards the global economy, growth conditions on trading Friday last week, the price of gold started flattens out and covered with the lowest price level for three weeks along with the increase in the probability against a rise in interest rates this year driven by the U.S. dollar. Investors are now tracked tend to do transactions in equity markets rather than buy the safe haven assets. During the past week, gold has already dropped by 4.40 u.s. dollars.

Predictions Of A Rise In Interest Rates By The Fed
Some important data on the latest U.S. release was able to rekindle speculation that the Fed will raise interest rates before the end of the year 2016. Possibility to hike US interest rates before the current month of December i.e. amounting to 45 per cent, much higher when compared with the predictions of several weeks ago which was only 20 percent.

In the coming week, investors will give most of their attention on the U.S. monetary policy related statements to know indications and signals as to when interest rates will occur. In addition, some market participants will also be waiting for the announcement of the BoJ decision amongst the existence of approximate that of the BoJ still provide the stimulus.

As it is known that the rise of the U.S. dollar when interest rates rise will drive the gold price decline, reducing investor interest toward the safe haven asset gold price as well as make more expensive for holders of other currencies other than u.s. dollars.

Ahead of the meeting of The Fed, gold noted the decline of 2 Consecutive Weeks

Gold tracked continue to weaken throughout the trading session Friday (22/31) in which the precious metal prices leading to a decrease in 2 consecutive weeks. When in early July, gold briefly touched the highest level versus the dollar post-war referendum, United Kingdom. Based on the daily time frame shows the decline in gold prices has already started to happen since July 11, until now.

After buying large amounts of gold Brexit post last June that drives the gold rally up to touch the 1375 USD per troy ounce which is the highest level for more than two years, the price of gold continues to decline. The decline in gold prices over the last 2 weeks is more caused by the action of profit taking and investors seemed to take heart ahead of the Federal Reserve meeting next July 27.

Earlier in the day, the gold price had shot up after the European Central Bank doesn't change policy toward interest rates and asset purchase in which gold briefly climbed up to 1333 USD per troy ounce, but throughout the trading session this Friday gold thus again weakened 0.98 percent to touch the level of low daily 1319.57 USD per troy ounce.



A Reuters survey: interest rates The Fed rode the end of the year 2016
Based on the results of a survey conducted by Reuters showed that the majority of economists estimate the Federal Reserve recently will perform rate hike at least at the end of the year 2016. But unfortunately this is not that much encouraging increase in the gold price. Some officials of The Fed some time ago also conveyed similar views against the chance of a rise in interest rates on the US central bank which should ideally take place after the presidential elections.

However, market participants opted to wait for the results of the upcoming July 27 meeting to figure out signals rate hike and the projection of the U.S. economy. When the results of the decision of the meeting of The Fed interest rate rise signals the end of the year it will most likely gold will come back strengthened. Gold is currently at the level of USD 1322.79 per troy ounce.

The price of gold on July 19, 2016 Flat in the range USD1328

Gold is trading flat around USD1328 with the possibility of moving in a bullish correction to hit one of these levels-resistance: USD1347 or USD1354 or USD1363 (maximum).

It seems the precious metal brush away from issues of failed coup attempt of Turkey and the terrorist attack in Nice, France. Instead of these two horrific events, sell gold was likely to be doing consecutive stock rises in the past few days. The uncertainty of the global financial market was dismounted due to issue briksit korrintli back down, sparking new investor risk sentiment in the stock market.

On the other hand, the next FOMC meeting will be held on July 27. Ahead of the event, and the likelihood of high rate (as monitored by the Fed Fund futures CME) currently shown by 2.4 per cent, while the number in September revealed 14 per cent. Figures on the potential rise in November rose by 15 per cent, and in December his highest rate for everyone and sitting on 38 per cent.