Gold Coiled for Months Then the Fed and Yen Broke It Loose
StoneXGold's price breakout is gathering steam as Federal Reserve rate hike odds soften and buyers finally step in to defend the trend. James Stanley, FOREX.com Senior Market Analyst, breaks down the technical structure behind gold's move and the macro forces driving it. Stanley explains how a falling wedge pattern set up the reversal and why the shift only became credible once buyers stepped forward. He also covers how a softer U.S. dollar and the dollar-yen carry unwind feed the move, and why central bank gold buying has anchored demand. 0:00 Gold's Long-Awaited Breakout 0:47 The Rally That Started in 2024 2:25 Buyers Step In at Higher Lows 3:23 Mayhem Fuels the Gold Break 5:00 The Falling Wedge Cracks Open 6:38 Fed Rate Hike Odds Keep Fading 8:09 Overbought Gold Awaits a Dip 9:33 Central Banks Anchor the Bid Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share Like and subscribe for more financial market insights. #Gold #Forex #StoneX #JamesStanley