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  • #9,701
  • Jun 15, 2023 1:40am Jun 15, 2023 1:40am
Quoting lucaswalliam
{quote} As a result, the Fed's decision to suspend interest rate hikes did not make gold go up, but rather made it go down. Of course, the reasons may be multiple. But the logic that the Fed raises interest rates and gold falls, and the Fed cuts interest rates and gold rises, is not entirely correct.
Yea, Gold does it's own thing sometimes. Since it is crossed with the USD, any effect on USD puts pressure on XAUUSD. If rates rise that makes the Dollar rise and puts inverse pressure on Gold to go down. Yet, they could raise rates and at the same time war breaks out somewhere and people get scared and buy gold. So, it is not as directly inverse as say, EURUSD.
  • #9,702
  • Jun 15, 2023 1:52am Jun 15, 2023 1:52am
Well that whipsaw came for me. Looks like both a buy and a sell.
  • #9,703
  • Jun 15, 2023 1:53am Jun 15, 2023 1:53am
Quoting solomonc
I expect a hawkish rate pause.Fed dont surprise market like other central banks. So I will be looking forward to sell after press conference.
Buying from 1920 will be low risk
  • #9,704
  • Jun 15, 2023 1:56am Jun 15, 2023 1:56am
just get up from sleep coz yesterday fomc.... just finished my lunch.. and gold is going down...
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  • #9,705
  • Jun 15, 2023 1:57am Jun 15, 2023 1:57am
Quoting pedro319
{quote} Intermediate targets: 1915 and 1912.
H4 Bfly.
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We watch the charts from every angle so you don't have to!!
  • #9,706
  • Jun 15, 2023 1:57am Jun 15, 2023 1:57am
Quoting lucaswalliam
{quote} As a result, the Fed's decision to suspend interest rate hikes did not make gold go up, but rather made it go down. Of course, the reasons may be multiple. But the logic that the Fed raises interest rates and gold falls, and the Fed cuts interest rates and gold rises, is not entirely correct.
They paused rates in the print but were very Hawkish talking about two more raises later this year and basically ruled out cuts so all of that caused the Dollar to go up.
  • #9,707
  • Jun 15, 2023 2:08am Jun 15, 2023 2:08am
i see Gold possible reversal at 1927
  • #9,708
  • Jun 15, 2023 2:18am Jun 15, 2023 2:18am
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  • #9,709
  • Jun 15, 2023 2:18am Jun 15, 2023 2:18am
Quoting ejorchris
i see Gold possible reversal at 1927
let it go up then... and its time for me to play some games... trying to learn a combo of ken street fighter 6 ... now Im just waiting for a sell on gold coz downtrend is already begun....
  • #9,710
  • Jun 15, 2023 2:37am Jun 15, 2023 2:37am
Im waiting almost a month to see gold breaking 1940..wow...if she going back there and ranging again.. hahaha.. what can I say... Im just with a ride.. anyway since the price already break... let see how far can she go south...
  • #9,711
  • Jun 15, 2023 3:30am Jun 15, 2023 3:30am
Quoting your6s
{quote} They paused rates in the print but were very Hawkish talking about two more raises later this year and basically ruled out cuts so all of that caused the Dollar to go up.
Yes. The hawkish rhetoric also weighed on gold.
The Fed has four more rate meetings this year, with a 25 basis point hike in July and a possible 25 basis point hike in September, and a possible halt to continued rate hikes in November and December.
Just follow the trend.
  • #9,712
  • Jun 15, 2023 4:00am Jun 15, 2023 4:00am
heres a fun fact chart


i made and posted this to an irc chatroom couple years ago when biden became president to counter the idiotic rhetoric by some knuckleheads in the room that biden will kill the dollar LOL...we argued politics after the close of trading every day LOL... only one that killed it was reagan but he's their saint so they dont blame him LOL

lets keep politics out of it but democrats are good for the dollahhhh

if biden could get 3 terms somehow he could prolly get it back to 150 LOL
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short trump and go long the deepstate
  • #9,713
  • Jun 15, 2023 4:06am Jun 15, 2023 4:06am
Quoting Zebi
heres a fun fact chart i made and posted this to an irc chatroom couple years ago when biden became president to counter the idiotic rhetoric by some knuckleheads in the room that biden will kill the dollar LOL...we argued politics after the close of trading... only one that killed it was reagan but he's their saint so they dont blame him LOL lets keep politics out of it but democrats are good for the dollahhhh if biden could get 3 terms somehow he could prolly get it back to 150 LOL {image}
You don't need any polo to kill the dollar when you have a debt based, fractional reserve fiat currency system. The system is designed to inflate to the point of the currency going to zero. It's literally built into it. The currency will kill itself by design, just like every other fiat currency has and will.
  • #9,714
  • Jun 15, 2023 4:08am Jun 15, 2023 4:08am
im starting to worry i may have to take a loss on my long
short trump and go long the deepstate
  • #9,715
  • Jun 15, 2023 4:10am Jun 15, 2023 4:10am
Quoting Zebi
heres a fun fact chart i made and posted this to an irc chatroom couple years ago when biden became president to counter the idiotic rhetoric by some knuckleheads in the room that biden will kill the dollar LOL...we argued politics after the close of trading every day LOL... only one that killed it was reagan but he's their saint so they dont blame him LOL lets keep politics out of it but democrats are good for the dollahhhh if biden could get 3 terms somehow he could prolly get it back to 150 LOL {image}
Just wait patiently for the verification of time. It will be a very long process.
Only I would like to know why it is so.
Just follow the trend.
  • #9,716
  • Jun 15, 2023 4:12am Jun 15, 2023 4:12am
Quoting MrFanciful
{quote} You don't need any polo to kill the dollar when you have a debt based, fractional reserve fiat currency system. The system is designed to inflate to the point of the currency going to zero. It's literally built into it. The currency will kill itself by design, just like every other fiat currency has and will.
im glad we have it otherwise we'd all still be farmers steering a plow behind a mule on 40 acres if we were still on the gold standard

youre forgetting how many bank panics there were where jp morgan had to bail out the country by himself and thats why the fed was created
short trump and go long the deepstate
  • #9,717
  • Edited 4:53am Jun 15, 2023 4:29am | Edited 4:53am
https://en.wikipedia.org/wiki/List_of_banking_crises

heres a list of panics...pick out the ones in the usa before and after the creation of the fed and FDR taking us off the gold standard
short trump and go long the deepstate
  • #9,718
  • Jun 15, 2023 5:06am Jun 15, 2023 5:06am
Hmmm.... incoming High impact USD probably "MIX" bad + good .... I like to watch tf H1 ....30 minutes and 1 hours before news release... RSI + Bollinger + MA + Volume
study of behavior and mind,conscious and unconscious
  • #9,719
  • Jun 15, 2023 6:10am Jun 15, 2023 6:10am
Quoting Zebi
im starting to worry i may have to take a loss on my long
This is hurtfull, gold is not even recoiling back to 40-45 , but continues to come down with the decrement of dxy
  • #9,720
  • Jun 15, 2023 6:25am Jun 15, 2023 6:25am
What a horrible day
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solomonc