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  • #26,421
  • Jan 30, 2024 5:37pm Jan 30, 2024 5:37pm
All this play around to fall to $2000 on NFP is major clout chasing for XAUUSD .
ryoiki tenkai : Blue Juggernaut
  • #26,422
  • Jan 30, 2024 10:34pm Jan 30, 2024 10:34pm
*The Federal Reserve is expected to keep the fed funds rate unchanged at a 22-year high of 5.25%-5.5% for a fourth consecutive meeting in January 2024, at a time inflation has slowed down and is nearing the targeted 2% mark, while the resilient economy and strong labor market add to the stability.

*The focus of the upcoming meeting will be on any indications regarding the timing and pace of interest rate reductions in 2024. Expectations for a 25bps cut in borrowing costs in March have diminished, and policymakers have also expressed reservations about such reductions.

*The benchmark interest rate in the United States was last recorded at 5.50 percent. Interest Rate in the United States is expected to be 5.50 percent by the end of this quarter. In the long-term, the United States Fed Funds Interest Rate is projected to trend around 4.75 percent in 2024.

 

  1. Gold is often seen as a hedge against inflation and currency depreciation. When interest rates rise, the opportunity cost of holding non-interest-bearing assets like gold increases, leading to a potential decrease in demand and hence a drop in gold prices.

  1. The Federal Funds Rate decision can influence market sentiment and risk appetite. A hawkish stance (raising rates) may signal a strong economy, reducing the appeal of safe-haven assets like gold. Conversely, a dovish stance (lowering rates) may increase gold's attractiveness as a hedge against economic uncertainty.

  • #26,423
  • Jan 30, 2024 11:38pm Jan 30, 2024 11:38pm
Till Now ........Sitting a side and waiting for the breakout confirmation of 2031 or 2038 on GOLD 4H chart.Bulls Possible Bulls Target 2048 and Bears Target 2015 or 2009.Trade safe
  • #26,424
  • Jan 31, 2024 3:14am Jan 31, 2024 3:14am
Good Morning FF
Attached Image (click to enlarge)
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ryoiki tenkai : Blue Juggernaut
  • #26,425
  • Jan 31, 2024 7:20am Jan 31, 2024 7:20am
IMO this data won’t stop the NFP to favor USD tomorrow
We move
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ryoiki tenkai : Blue Juggernaut
  • #26,426
  • Jan 31, 2024 7:36am Jan 31, 2024 7:36am
Well.. and which direction now?
  • #26,427
  • Jan 31, 2024 7:38am Jan 31, 2024 7:38am
Quoting Denisjkehaos
Well.. and which direction now?
I rolled a eightball and it told me Gold will go down.... but maybe up... I think powell will have a say in this
So far we have had a very container up move on US bad news...

@EDIT

Im short 2040 with very tight SL.
https://www.the5ers.com/?afmc=17s4
  • #26,428
  • Jan 31, 2024 7:56am Jan 31, 2024 7:56am
Going short to from 2042
  • #26,429
  • Jan 31, 2024 8:06am Jan 31, 2024 8:06am
Quoting Denisjkehaos
Going short to from 2042
I also added some on 2042-2043.
Next short for me is 2045.
SL above yesterday high.
https://www.the5ers.com/?afmc=17s4
  • #26,430
  • Jan 31, 2024 8:28am Jan 31, 2024 8:28am
SL trigered first, i opened again now from 2044.30
  • #26,431
  • Jan 31, 2024 8:38am Jan 31, 2024 8:38am
Quoting S3000
Looks like the end of the horizontal consolidation on a daily time frame ? Next TP 2060 and 2080
The daily chart is clear
Go to 2060 first
  • #26,432
  • Jan 31, 2024 8:39am Jan 31, 2024 8:39am
Quoting parveenverma
Till Now ........Sitting a side and waiting for the breakout confirmation of 2031 or 2038 on GOLD 4H chart.Bulls Possible Bulls Target 2048 and Bears Target 2015 or 2009.Trade safe
Bullish target on the way. Trade safe

Target Hit.Done for the day. Trade safe
  • #26,433
  • Jan 31, 2024 8:44am Jan 31, 2024 8:44am
Quoting Denisjkehaos
SL trigered first, i opened again now from 2044.30
what's the logic for shorting?
  • #26,434
  • Jan 31, 2024 8:53am Jan 31, 2024 8:53am
I made some levels but wasn't expecting gold to keep breaking 2053 levels. Then I looked at the date it's 31st lol. Let the manipulating dogs rest. I'm out now.
  • #26,435
  • Jan 31, 2024 8:59am Jan 31, 2024 8:59am
Quoting azhantahir
TP or what? Next target 2056. IMO {image}
Excellent call.
  • #26,436
  • Jan 31, 2024 9:05am Jan 31, 2024 9:05am
Quoting RedCable
{quote} what's the logic for shorting?
exactly
Be Calm In Every Situation
  • #26,437
  • Jan 31, 2024 9:14am Jan 31, 2024 9:14am
Quoting aahmad29
{quote} January 31, 2024 XAUUSD How to Use FIBO Volatility levels? Here is full detail with chart and pending orders. On the chart, there are two lines. Blue and Pink. Price levels on blue line are for Buy Stop order. Price levels on pink line are for Sell Stop order. Blue line (Buy Stop order) start at the level of 0.236 ( you can check the price tag of each level on the chart). Pink line (Sell Stop Order) start at the level of 0.236 ( you can check the price tag of each level on the chart). Area between Blue line 0.236 and Pink line 0.236 is no...

Buy Stop hit both TP1 and TP2
Love for all; Hatred for none.
  • #26,438
  • Jan 31, 2024 9:28am Jan 31, 2024 9:28am
Quoting parveenverma
{quote} Bullish target on the way. Trade safe Target Hit.Done for the day. Trade safe
I am also stepping back. I do not want to convert my profit to loss during upcoming red data
Love for all; Hatred for none.
  • #26,439
  • Jan 31, 2024 9:49am Jan 31, 2024 9:49am
Next TP daily : 2080

Attached Image (click to enlarge)
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  • #26,440
  • Jan 31, 2024 9:49am Jan 31, 2024 9:49am
Hey, last time FOMC data came out it moved 500 pips, do you guys think it'll do the same?
trade to live, not to flaunt
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