{quote} 2213-14 can become a retracement zone for Gold.Both buy and sell are risky at present. We can predict above price only through fibo,pivots or any astro method because not more liquidity above so better to hunt small scalps on both side while get any confirm signal.Trade safe
{quote} There are no experts here, so don't expect an answer. Once you've looked it up yourself, you can tell us what you found out.In my opinion you should consider: What role does the CHF play (proportion of quantity compared to USD, "safe" currency...) Why SNB interest rate cut now? At the moment it's not a matter of correlation, but rather of the Swiss national economy The development of gold is not marginally affected by this.
{quote} Of course it is, but not today. I trade intraday. what will happen in 1 week or a month is another story
{quote} The SNB's decision is not that surprising. Inflation in Switzerland has fallen, so interest rates can come down. Gold / USD have other work to do at the moment than worrying about the CHF. You might find it helpful to read up on Jordan and Powell yourself. See above some remarks from me about yesterdays FED.
{quote} I know, it does not matter. When looking at the national economy, certain rules apply: Inflation down --> possibility for rate down. Regardless of whether it was specifically noted in the press beforehand. I'm done with the topic because it has little meaning for me at the moment. I'm much more interested in how the USA plans to service its debts when bond yields are high. High interest rates, high bond yields and inflation. These are the burners that need resolution.
{quote} Thank you, madam Isabella
{quote} nothing to thank. Do you have an Indi for currency strength? so you can observe how soon CHF recovers.{file}
{quote} I usually don't use indicators, but when I do, I try to built them myself
