GOLD SELL HERE ON DIPS !!!
Updated
HELLO TRADERS!!
Starting this week.
#GOLD IS NOW TRADING
in Down trend as we can see from many weeks its rejecting even geopolitical and many other fundamental's going on around the world but data is also show us coming thing which is important to trade on weekly based or daily based even scalps i can see as rejecting zone near 2030$ it make a fake put and then test sell zone area and then fall... right now DXY will be technically ranging until FOMC and post FOMC. Markets are awaiting the Fed word this week on whether they need to keep rates up higher for longer (DXY bulls and stock market bears) REALITY
OR
If they are still on a solid path to achieve 2% inflation and will give more rate cut discussions (DXY bears and stock market bulls) GREED OVERALL the Fed does NOT need to be aggressive or forceful with any monetary policy decisions as the heavy lifting on rate hikes has past and they do not want to falsely signal on rate cuts. My personal prediction is expecting Feds to be Neutral - Hawkish toned. Bringing the focus back that rates need to remain higher, no rate cut talks, no rate cut schedule, etc. As CPI has edged back up, PCE stagnant, policy lag effects not fully felt, Fed job not finished, cannot risk the 1970s Fed mistake of pivoting too early, Stock market at ATHs (correction would be very controlled in terms of price stability) and Fed speakers pushing back rate cut hopes I see a more neutral - hawkish toned FOMC.
But I can be completely wrong so adapt accordingly if so. its just an trade idea share your thoughts with us in comment session it help us all to trade #GOLD
The battle between the stocks market GREED vs data REALITY continues.................
if bulls stay in the market we will follow our prediction on
Gold buys have a look on that chart too its on 4H TF attached in comments
Starting this week.
#GOLD IS NOW TRADING
in Down trend as we can see from many weeks its rejecting even geopolitical and many other fundamental's going on around the world but data is also show us coming thing which is important to trade on weekly based or daily based even scalps i can see as rejecting zone near 2030$ it make a fake put and then test sell zone area and then fall... right now DXY will be technically ranging until FOMC and post FOMC. Markets are awaiting the Fed word this week on whether they need to keep rates up higher for longer (DXY bulls and stock market bears) REALITY
OR
If they are still on a solid path to achieve 2% inflation and will give more rate cut discussions (DXY bears and stock market bulls) GREED OVERALL the Fed does NOT need to be aggressive or forceful with any monetary policy decisions as the heavy lifting on rate hikes has past and they do not want to falsely signal on rate cuts. My personal prediction is expecting Feds to be Neutral - Hawkish toned. Bringing the focus back that rates need to remain higher, no rate cut talks, no rate cut schedule, etc. As CPI has edged back up, PCE stagnant, policy lag effects not fully felt, Fed job not finished, cannot risk the 1970s Fed mistake of pivoting too early, Stock market at ATHs (correction would be very controlled in terms of price stability) and Fed speakers pushing back rate cut hopes I see a more neutral - hawkish toned FOMC.
But I can be completely wrong so adapt accordingly if so. its just an trade idea share your thoughts with us in comment session it help us all to trade #GOLD
The battle between the stocks market GREED vs data REALITY continues.................
if bulls stay in the market we will follow our prediction on
Gold buys have a look on that chart too its on 4H TF attached in comments
Trade active
Note
order triggered @2033.50Trade active
MORE SOLD @2047 SL 2055Trade closed: stop reached
Trade active
ITS IN OUR SELL ZONE SO WE ARE IN THIS TRADE AGAIN ALL TP IS VALIDTrade closed manually
Trade active
Note
due to highly volatile move we entered and closed traders we always love to follow trend bez trend is our friendNote
TP-2 ALREADY HIT
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FOR ACCOUNT MANAGEMENT:- CONTACT ME
YOUTUBE LIVE TRADING:- youtube.com/channel/UCNnU7Up6vznHDhKjWL-WQxA
INSTAGRAM:- instagram.com/goldenforextraders/
FOR ACCOUNT MANAGEMENT:- CONTACT ME
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