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- H.z replied Mar 29, 2024
did you get a chance to find out Powell’s speech? I didn’t so far, maybe we can find any hints
Gold
- H.z replied Mar 29, 2024
I also was wondering what caused this last minutes spike, the only explanation was a manipulation to catch the small fish SL L
Gold
- H.z replied Mar 29, 2024
Key Fed inflation gauge rose 2.8% annually in February, as expected… what do you think guys? This should take the gold down, tho I might be wrong
Gold
- H.z replied Mar 29, 2024
But why switching over from expiring March caused the Gold spike at the last minutes only? There should be another reason
Gold
- H.z replied Mar 29, 2024
u took the history one side only, in the history also when the Gold hits a new highs it retreats back big time even more than 150$
Gold
- H.z replied Mar 29, 2024
Dude, I know this is comex June future price, I’m not sure if you read my post carefully? I was only wondering why CNBC showing this price
Gold
- H.z replied Mar 29, 2024
Technically the Gold should move down, The US dollar is firm where it should take the gold price down but the spike at the last minutes screwed up everything
Gold
- H.z replied Mar 29, 2024
that’s right, in the meantime don’t forget that the US market is open today while the gold market is closed, the impact for the US market will be shown in Monday morning opening
Gold
- H.z replied Mar 29, 2024
In a nutshell, Monday opening is gonna be surprising, either a new spike nor heading down, all the best for those who still holding their shorts, I don’t believe there’s any one still holding a long position.
Gold
- H.z replied Mar 28, 2024
Market is closed for tomorrow, nobody could predict the effect of Powell’s speech on the Gold’s price. I’m still looking for an explanation to this spike at the last minutes? No fundamental news support this spike
Gold