Gold

4h HS pattern forming

____________ TP2 @ 1957 , banked 50% of profits$ @ TP1

More than 14 hours but still no reflection on price...

Good morning! Checking pa, 1964.77 +- should send a leg down 1962, better arounds 1957 before ready for further correction up. So will follow as per, 1959 may enough though for next scalping. So waiting failure 1964+. Signal can be 63,/62.40 breaks and hold! Take care

In my opinion, gold is a rare material, we are seeing gold drop right now, but it won't be long, gold will go back up to 2000, soon

Another US bank's share price dropped 27% overnight.

https://www.dailyfx.com/news/forex-f...-20230725.html

I imagine they will hike by 0.25% but George Gammon went over a chart from FRED that showed that once the Fed pauses rate hikes, 9 out of the last 10 times, it's started to cut rates.

Remember, the higher the rates, the higher the US government interest payments get which will have to be repaid at some point by tax-payers. Sure they can continue the Ponzi scheme and pay their current interest with money from new lenders, but they can only do that for as long as lenders are willing to lend. Eventually, the tax payer will have to cough up and I read at its current rate interest payments will exceed the entire Federal tax revenue by something like 2035. Which would be the US 5th and final default. They added $1 trillion of debt in June alone.

People who think the future looks good for the dollar, or any fiat currency for that matter, are deluding themselves.

pa changes a little , a 3 drives up send leg above previous high , so tendency for 68.02 breaks over even 1973 + big news times next, at night and may ready for good tanking towards 1932. all may happen in one day so be utmost careful specially today ! take care

Hiking to 5.50% for sure tonight. Should I start building a crypto portfolio then?

i'm long 1969.60

Is there any END for these bulls, so annoying.

Been buying since late June
Entered with two more positions yesterday
All positions S/Ls in profit or B/E

Bulls are just getting started. We might be in for a few weeks of consolidation just as the last two times though.

https://www.forexfactory.com/thread/...0#post14509940

exactly going to take correction from your price.. till 1966

1972.....Possible reversal zone for Bulls.Trade safe

If This levels holds strongly then then the next Possible bears target can become 1919.I may be wrong.Trade safe

Few weeks?? even after today's price hikes??

Iam short from 1956 for weeks. Both BOJ & china playing basketball with my money.

It's possible...I haven't looked to see if a major news event coincided with the last times in my screenshots. I personally don't think it will be a few weeks, I'm just prepared for it. But I am incredibly bullish on gold given the global economy and the state of government finances.

There is a reason that central banks have been buying gold at record rates and been rushing through the development of CBDC's. They know that current fiat currency system is coming to an end.

I'm taking my 29% profit from this up move and calling it a day. FOMC day is too risky for me.