XAUUSD On The Way To $1,580. Keeping Bearish.
INTERVIEWER: What is your prediction about gold amid the downturn that has been in your favor besides your prediction on Bitcoin?
ME: "Good day to you sir. Thank you for the interview today. I am totally appreciated your humble request to interview me today. As we know, we are in the downturn of all major market movements. We have FED controlling the movement from 0.5% rates now up to 2.4%. I hope FED will keep this rate higher to boost the yield and the dollar as Ray Dalio said 'Cash is not trash' again as he thinks cash is an asset for the moment.."
.
While I am expecting the Oil will recover, I am more bullish on the oil price rather than ever and hoping the electric price will keep low for now. We know in the future electricity will be the independent factor for the purchase of assets in today's age. For now, I am quite bullish towards oils and other commodities while keeping my bearish statement towards all other pairs versus the dollar, cryptos, bullion, and Wallstreet market.
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While in the meantime, I am keeping a bearish statement on gold. Just follow the trend. I am predicting the FED will increase it rates to 4.2%-4.5% (current at the writing rate is 2.5%). There will be more hikes to come. I am such a FED believer. We are beyond our control in this inflation. I am predicting the gold will turn bearish down to $1,580. My last year's prediction on gold was $1,440 and it depends on the FED raise.
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We are in the circle that repeats on the past correction. I also believe the dollar will go above $150 mark in the index. Right now, I am hold my sell position towards gold beyond the mark below $1,600 an ounce. "
INTERVIEWER: Thank you for your opinion and prediction about gold. We are totally appreciative of the time you spend on this interview.
ME: "Good day to you sir. Thank you for the interview today. I am totally appreciated your humble request to interview me today. As we know, we are in the downturn of all major market movements. We have FED controlling the movement from 0.5% rates now up to 2.4%. I hope FED will keep this rate higher to boost the yield and the dollar as Ray Dalio said 'Cash is not trash' again as he thinks cash is an asset for the moment.."
.
While I am expecting the Oil will recover, I am more bullish on the oil price rather than ever and hoping the electric price will keep low for now. We know in the future electricity will be the independent factor for the purchase of assets in today's age. For now, I am quite bullish towards oils and other commodities while keeping my bearish statement towards all other pairs versus the dollar, cryptos, bullion, and Wallstreet market.
.
While in the meantime, I am keeping a bearish statement on gold. Just follow the trend. I am predicting the FED will increase it rates to 4.2%-4.5% (current at the writing rate is 2.5%). There will be more hikes to come. I am such a FED believer. We are beyond our control in this inflation. I am predicting the gold will turn bearish down to $1,580. My last year's prediction on gold was $1,440 and it depends on the FED raise.
.
We are in the circle that repeats on the past correction. I also believe the dollar will go above $150 mark in the index. Right now, I am hold my sell position towards gold beyond the mark below $1,600 an ounce. "
INTERVIEWER: Thank you for your opinion and prediction about gold. We are totally appreciative of the time you spend on this interview.
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