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  • #50,821
  • Nov 6, 2024 5:17pm Nov 6, 2024 5:17pm
Openend a long position @2664
Target 2680-84
FOMC today
SL manually
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  • #50,822
  • Nov 6, 2024 5:20pm Nov 6, 2024 5:20pm
Quoting Doc'
Openend a long position @2664 Target 2680-84 FOMC today SL manually {image}
Hi Doc', is there a possibility that they will tend not to lower interest rates but instead raise them again because we see the DXY rising?
  • #50,823
  • Nov 6, 2024 5:29pm Nov 6, 2024 5:29pm
Quoting MIKKI
Good bye 27/28.hello 26/25
Next destination of gold is 2800 or above not below of 2600 as per weekly and daily TF of my perspective, May be not NOW but next week or other next week.
Let see what FOMC can bring.
  • #50,824
  • Nov 6, 2024 5:29pm Nov 6, 2024 5:29pm
Quoting suluah
{quote} Hi Doc', is there a possibility that they will tend not to lower interest rates but instead raise them again because we see the DXY rising?

wait! Wouldn't raising the interest rate increase the DXY?
  • #50,825
  • Edited Nov 7, 2024 1:39am Nov 6, 2024 5:29pm | Edited Nov 7, 2024 1:39am
Quoting suluah
{quote} Hi Doc', is there a possibility that they will tend not to lower interest rates but instead raise them again because we see the DXY rising?
Hi suluah there will be no surprise. Rate cut of 0.25 is already priced in the market. Press conference is what matters.
  • #50,826
  • Nov 6, 2024 5:30pm Nov 6, 2024 5:30pm
Quoting suluah
{quote} Hi Doc', is there a possibility that they will tend not to lower interest rates but instead raise them again because we see the DXY rising?
They will cut 25 BPS tomorrow...They're not gonna not cut because Trump was elected President, they'll wait until they have data that suggests that inflation is once again a problem. The market is just having a moment because of Trump and trying to be forward looking about his policies...

It is possible that the cutting cycle gets cut short, who knows.
  • #50,827
  • Nov 6, 2024 5:32pm Nov 6, 2024 5:32pm
Quoting Polimini
{quote} wait! Wouldn't raising the interest rate increase the DXY?
I mean the DXY is primary driven of US treasury yields...Things that make them go up, strong economic data, interest rate rises, inflation and changes to policy that will likely result in higher inflation....Last one is where we are currently.
  • #50,828
  • Nov 6, 2024 5:36pm Nov 6, 2024 5:36pm
was expecting a high momentum from Gold
  • #50,829
  • Nov 6, 2024 5:42pm Nov 6, 2024 5:42pm
Quoting Neowarcloud
{quote} I mean the DXY is primary driven of US treasury yields...Things that make them go up, strong economic data, interest rate rises, inflation and changes to policy that will likely result in higher inflation....Last one is where we are currently.
the DXY is not a Powel goal, inflation is. He will not react to something that hasn't happened yet because something that is not is goal is happening.
  • #50,830
  • Nov 6, 2024 6:24pm Nov 6, 2024 6:24pm
Quoting Polimini
{quote} wait! Wouldn't raising the interest rate increase the DXY?
yup, raising interest rates will attract investors to buy USD
  • #50,831
  • Nov 6, 2024 6:28pm Nov 6, 2024 6:28pm
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  • #50,832
  • Nov 6, 2024 7:07pm Nov 6, 2024 7:07pm
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The Average Discount Everything
  • #50,833
  • Nov 6, 2024 7:07pm Nov 6, 2024 7:07pm
Quoting hesron
{image}
What does this tell now? Buy, sell, or wait?
  • #50,834
  • Nov 6, 2024 7:09pm Nov 6, 2024 7:09pm
Quoting Azen
{quote} What does this tell now? Buy, sell, or wait?
i think that we can wait the closing price above 2665, then we can buy
  • #50,835
  • Nov 6, 2024 7:13pm Nov 6, 2024 7:13pm
Quoting Azen
{quote} What does this tell now? Buy, sell, or wait?
better waiting, until demand can absorb supply
The Average Discount Everything
  • #50,836
  • Nov 6, 2024 7:14pm Nov 6, 2024 7:14pm
Quoting Azen
{image}
stoploss hit
  • #50,837
  • Nov 6, 2024 7:14pm Nov 6, 2024 7:14pm
Due to the strength of the trend across all timeframes, Gold is expected to fall to 2638.01
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  • #50,838
  • Nov 6, 2024 7:19pm Nov 6, 2024 7:19pm
will see if 2650 holds
  • #50,839
  • Nov 6, 2024 7:22pm Nov 6, 2024 7:22pm
Quoting hesron
{quote} better waiting, until demand can absorb supply
where is the demand here?
  • #50,840
  • Nov 6, 2024 7:24pm Nov 6, 2024 7:24pm
Quoting Azen
{quote} where is the demand here?

it is hitting a demand area right now.
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