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  • #42,981
  • Sep 16, 2024 9:32pm Sep 16, 2024 9:32pm
_______________ = $$$$$$$
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Don’t focus on making $$$, focus on protecting what you have.
  • #42,982
  • Sep 16, 2024 11:46pm Sep 16, 2024 11:46pm
Dont forget, before the Fed or a big news (CPI, NFP, etc) price usually doesn't reverse and stick to the trend.

Price action techniques on daily chart suggest to look for long around 2571 to 2600+
if not 2566 is next target.
  • #42,983
  • Sep 17, 2024 2:41am Sep 17, 2024 2:41am
Quoting profits7
_______________ = $$$$$$$ {image}
hi my freind
Whats you idea about gold this week?
  • #42,984
  • Sep 17, 2024 3:06am Sep 17, 2024 3:06am
Quoting pedro319
Same as last week. Pullback should start.
Pullback in progress.
Will update later.
We watch the charts from every angle so you don't have to!!
  • #42,985
  • Sep 17, 2024 4:06am Sep 17, 2024 4:06am
Quoting Isabella_D
{quote} {image} We talked about the possible outcome of the FED decision. Some points were mentioned there that can influence the interest rate decision. You mentioned Basel 1.3.....and other points And that's the only thing I asked questions about. 1. do you mean Basel III? 2. Whom does this actually affect? answer: EU only 3. Since when has this regulation existed (probably since 2010) - so does it now have any actually relevance? 4. Which central banks are stashing the most gold? (How important is it for US storing Gold in Europe?) 5. Aren't...
Hi,
Central banks do buy tons of gold.
Under the new banking regulation for COMMERCIAL BANKS, it allows them to treat gold investment(Assest) as Cash(No tax on them) when they want the gold bullion to be used as their reserve.
Usually, Commercial banks hold notes and t-bills (short term debt instrument-as reserve), but now it also allows gold. Which means MORE Demand for gold(bullish).

Basel III have been introduced for almost a decade, but during commercial banks failure in the last 2 years, financial policy makers in the US banking sectors, have been searching for something these banks can hold onto, and reduce the chance for insolvency.

Thus, they want to put the new basel regulations into effect (giving commercial banks with over $100bn assets the time (upto to 2028) to decide whether they want to go ahead or not, with the new liquidity regulation)

A central bank may cut interest rate, but still adopt a tightening financial condition or vice versa. (we have seen its effect, on BOJ rate hike with easing financial condition).

Trading is a boring stuff, we are not here to be happy, but to make money.
More time in the market, does not mean you trade better!
  • #42,986
  • Sep 17, 2024 4:22am Sep 17, 2024 4:22am
Quoting Ras62
{quote} hi my freind Whats you idea about gold this week?
______________ 2633 for Now
Don’t focus on making $$$, focus on protecting what you have.
  • #42,987
  • Sep 17, 2024 4:46am Sep 17, 2024 4:46am
Lot of rumors walking around the streets so be careful. Perhaps some big boys are creating those rumors and put the markets in hype for "buy the rumor, sell the truth" scenario. The first cut after years of high interest rates, if a sudden 50bps came out, it could be a dump and panic selling since it say that FED policies are falling behind. Though this could lead to more easing in the future.
Just a thought, even after CPI, markets think US economy still in schedule, then came the ECB and a series of rumors after that. Something is cooking and it not going to play nice to us.
  • #42,988
  • Sep 17, 2024 4:58am Sep 17, 2024 4:58am
Quoting profits7
{quote} ______________ 2633 for Now
please advise is it possible that price will goes to
2528.41 before continue to 2633 ??
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Suro Diro Joyoningrat Lebur Dening Pangastuti
  • #42,989
  • Sep 17, 2024 5:00am Sep 17, 2024 5:00am
Quoting worldbankinc
{quote} NEW SIGNAL | Signal 49-2024 While waiting signal 48-2024 to hit the target. {image} {image}
UPDATE | Signal 49-2024 has triggered SELL entry

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  • #42,990
  • Sep 17, 2024 5:01am Sep 17, 2024 5:01am
Quoting PushnPull
Lot of rumors walking around the streets so be careful. Perhaps some big boys are creating those rumors and put the markets in hype for "buy the rumor, sell the truth" scenario. The first cut after years of high interest rates, if a sudden 50bps came out, it could be a dump and panic selling since it say that FED policies are falling behind. Though this could lead to more easing in the future. Just a thought, even after CPI, markets think US economy still in schedule, then came the ECB and a series of rumors after that. Something is cooking and...
Saw this news courtesy of @Techknow, if this is true prepare for a bloodbath!

https://www.bloomberg.com/news/artic...5-basis-points

This also plays into the scenario you just mentioned about “buy the rumor and sell the truth”
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  • #42,991
  • Sep 17, 2024 5:02am Sep 17, 2024 5:02am
Quoting Whale
Dont forget, before the Fed or a big news (CPI, NFP, etc) price usually doesn't reverse and stick to the trend. Price action techniques on daily chart suggest to look for long around 2571 to 2600+ if not 2566 is next target.
2571 is here

im long.
  • #42,992
  • Sep 17, 2024 5:03am Sep 17, 2024 5:03am
Quoting profits7
{quote} ______________ 2633 for Now
Expect it to be achieved by tomorrow, perhaps today Bull will take a rest
  • #42,993
  • Sep 17, 2024 5:04am Sep 17, 2024 5:04am
Quoting worldbankinc
Update on US30 signal from thread US30 https://www.forexfactory.com/thread/...1#post14999631
Signal and Update on US30 from thread US30...kindly visit / subscribe US30 thread

https://www.forexfactory.com/thread/1303671-us30
  • #42,994
  • Sep 17, 2024 5:09am Sep 17, 2024 5:09am
Quoting Whale
{quote} 2571 is here im long.
me too
  • #42,995
  • Sep 17, 2024 5:11am Sep 17, 2024 5:11am
Quoting d1zzy
{quote} Saw this news courtesy of @Techknow, if this is true prepare for a bloodbath! https://www.bloomberg.com/news/artic...5-basis-points This also plays into the scenario you just mentioned about “buy the rumor and sell the truth” {image}
Well if we havewto put in a system of Master-serf-dog then bankers are serfs and politicians are dogs. Why banker must follow politician
  • #42,996
  • Sep 17, 2024 5:16am Sep 17, 2024 5:16am
Quoting d1zzy
{quote} Saw this news courtesy of @Techknow, if this is true prepare for a bloodbath! https://www.bloomberg.com/news/artic...5-basis-points This also plays into the scenario you just mentioned about “buy the rumor and sell the truth” {image}
Panic.
Looks like 50 bp for sure.
  • #42,997
  • Sep 17, 2024 5:52am Sep 17, 2024 5:52am
Well the thing is opinions are basically divided, on one side you have analysts saying the market has overreacted to the possibility of 50bps and needs a hefty correction, on the other side you have something like what you mentioned with some asking for 75bps.
I think in the end we can all agree that the Fed tends to be cautious, it's easier to cut 25bps and then look if more is needed on the next cut then cutting 50bps and realizing it was too much.
  • #42,998
  • Sep 17, 2024 6:36am Sep 17, 2024 6:36am
Quoting SnakeDok
Well the thing is opinions are basically divided, on one side you have analysts saying the market has overreacted to the possibility of 50bps and needs a hefty correction, on the other side you have something like what you mentioned with some asking for 75bps. I think in the end we can all agree that the Fed tends to be cautious, it's easier to cut 25bps and then look if more is needed on the next cut then cutting 50bps and realizing it was too much.
So it would be safer for us to take cautious too. The first move could either be spike up or dump down due to what rates to be. Or it could be a minor move and make a lot of traders to lose patience and money. More strange thing is nobody talking about dot-plot which makes everything so predictable. My thoughts is to wait for a selling off then look for next Asia to buy the dip
  • #42,999
  • Sep 17, 2024 6:42am Sep 17, 2024 6:42am
Quoting Samkhan55
{quote} me too
Rockin
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  • #43,000
  • Sep 17, 2024 6:46am Sep 17, 2024 6:46am
Quoting Whale
{quote} 2571 is here im long.
Nice call!
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