gold short term trading strategyLower bond yields appropriately mirror the weakening of the macro economy. He additionally mentioned that now no longer best have jobs been lost, however even white-collar, extraordinarily professional jobs have now no longer multiplied a good deal during the last year.
Investors had been amazed with the aid of using a dovish speech at Jackson Hole. The inventory marketplace reacted undoubtedly after Powell`s speech, attaining close to report highs. However, investors had been nevertheless amazed due to the fact Powell's speech went past what they expected. The Fed is probably to reduce costs with the aid of using 25 bps in September, and probably even 50 bps, relying on how the August jobs document performs out.
More importantly, the transition from monetary stimulus to economic stimulus has despatched bond yields plunging, down eighty bps considering Hartnett commenced recommending bond shopping for in May.
While retail income may also have multiplied in nominal terms, they've slightly grown in actual terms—that is, after eliminating the effect of inflation—which shows a weakening in client spending and spending withinside the present day monetary environment.
Makemoney
World gold prices increased sharply thanks to demand from centraChina's failure to update gold reserves on the PBOC website does not mean the country has stopped buying. Some analysts suspect that China is keeping its gold purchases secret in the context of recent gold price escalation.
Head of Futures & Forex at Tastylive - Christopher Vecchio said that some data shows China buying gold at the end of June.
Many experts believe that PBOC will continue to buy gold to diversify foreign exchange reserves and prevent the domestic currency from depreciating.
According to a report by the World Gold Council (WGC), about 20 central banks still expect to increase their gold holdings next year, due to rising financial and geopolitical risks.
Stock: SST (System1, Inc.) Buy Alert with Risk/Reward Ratio of 7Stock: SST (System1, Inc.) Buy Alert with Risk/Reward Ratio of 7
Buy Limit Price: $1.16
Stop Loss: $1.10
Take Profit 1: $1.49
Take Profit 2: $1.58
Welcome to a quick dive into System1, Inc., ticker symbol SST, a dynamic omnichannel customer acquisition platform operating across the globe, including key markets like the United States, the United Kingdom, Canada, and the Netherlands. With a skilled team of around 300, System1 not only owns and operates its websites but also engages in profitable revenue-sharing arrangements and manages the renowned web-based navigation service, MapQuest.
Despite facing challenges in the fiscal year 2023, with a reported revenue decrease to $401.97 million and narrowed losses of -$227.22 million, System1's resilience is noteworthy. Its stock, having seen its ups and downs, trading between $1.04 to $4.86 over the last year, recently experienced a notable movement, closing at $1.21—a 15.38% dip, yet showing signs of recovery in after-hours trading at $1.28.
But what does the future hold for SST? With a market cap of approximately $135.158 million and a volatile Beta of 1.36, the horizon looks promising. Analysts are keeping a strong faith in System1, projecting a substantial potential upside with a 12-month price forecast of $4.67, symbolizing an impressive growth trajectory from its latest position.
For traders and investors eyeing SST, these fluctuations present both a challenge and an opportunity. As we approach the earnings date projected between May 10 and May 14, 2024, and with a 1-year target estimate set at $3.50, it's clear—System1 is a stock to watch. Stay tuned for its journey ahead, and let's navigate the markets together, professionally and insightfully.
Gold Analysis - Buy or SellThe gold broke the
previous bullish trend and
entered in bearish trend
Scenarios:
1- Expecting the price to break
the zone below and test the fib 0.61 area with a long wick, Retest the upper zone and continue
pushing down towards the 1D Resistance or the zone at the bottom.
2- If gold rejected the zone below and continue pushing up and breaks the Resistance above then there is a chance of buying.
Note:
Trade according to the scenarios with risk management and account size.
Learn The Only Proven Way to Become Rich
1. Money mindset is everything
You need to have a positive money mindset when it comes to creating wealth. Everyone carries a money story and it’s your job to understand what yours is and if it’s holding you back. Reframing your story to a millionaire’s mindset is essential for success because rich people think differently. How to get rich can’t be a passing phase in your life; it takes work and commitment.
2. Millionaires still budget
Hard to believe, but it’s true. Even millionaires follow a budget. The biggest secret on how to get rich and stay rich is spending less than you bring in. There will always be wants that exceed budget limits, even for millionaires, because there is not an unlimited supply of money.
3. Money management is key
Good money management is so important to get rich and stay rich. Money management is a behavior and habit. You need to be mindful of where you are investing and spending your money. There is a specific strategy to growing your wealth and maintaining it and you must follow it like you do a workout regime.
4. Invest your money for growth
Investing in assets that will appreciate over time and provide you with a return on your investment such as dividend or interest payments is smart. The goal is to build your asset portfolio and make it so strong that you can live off the passive income in your retirement.
5. Build your business around your personal financial goals
As a business owner you have more control over the money you make versus being an employee with a set salary. If you want more money in your pockets, you can increase your revenue and your profit margins to ensure you are taking home more money. The more profits you have in your business the more you can pay yourself a dividend or bonus, depending on the legal structure of your business.
6. Create multiple income streams
Smart business owners create more than one income streamas it protects them from fluctuations in the market. That means if one source of revenue dries up due to market conditions, other sources of income can protect you from a loss.
7. CONCLUSION:
The bottom line is that knowing how to get rich is something that is learned. There are no guarantees that if you start a business that you will get rich because even the best business ideas fail due to poor execution. But if you educate yourself and get help in making your business a success, you will increase your chances of success.
Please, support my work with like and comment!
Love you, my dear followers!👩💻🌸
STNE - Is it time to climb?STNE - Is it time to climb?
Above the average line 150MA + Met the line of resistance several times + Cup & Handle pattern
Is it time to break the channel upwards? - Potential of hundreds of percent up to an all-time high - Long term
Only an idea and not a recommendation for trading!
Will Maker Continue Its Rebound?Maker has rebounded recently, but how stable is this renewed bull run?
What is Maker? Maker (MKR) is a decentralized cryptocurrency that operates on the Ethereum blockchain. It is a governance token used to manage the MakerDAO platform, which is a decentralized finance (DeFi) protocol. MKR has experienced some recent market trends and developments, so let’s the potential growth prospects of this cryptocurrency.
MKR's Rally
MKR has started rebounding from the descending channel that it has been stuck in since May 2021. It broke from its descending trendline it has been stuck in since August 2021, and crossed above the 200 Simple Moving Average (SMA), which acts as mobile support and resistance. These two indicators suggest MKR has turned bullish, and investors should keep an eye on this cryptocurrency.
While MKR had a big day on Wednesday when it increased by 17%, it is unclear whether this strong rally will continue. Currently, MKR is slightly overbought, which means that the price may start to drop or range. Historically, each time MKR reached overbought levels on the Relative Strength Index (RSI), it started falling or ranging. However, it's essential to keep in mind that the RSI can be overbought for a few days, so it doesn't mean that it will change its current trend immediately.
Support and Resistance
If MKR starts retracing, the $700 and $500 support levels are ready to step in and halt the retracement. These support levels have been significant in the past and have helped to stabilize MKR during bearish phases.
On the other hand, if the rally continues, the next resistance stands at $1,700. This level has been a significant support in the past. If MKR manages to break above it, it could lead to further growth in the cryptocurrency's price.
Bottom Line: MKR recently rebounded from the bear market and crossed above the 200 SMA, suggesting that the cryptocurrency may be turning bullish. However, it is uncertain whether this rally will continue, and investors should keep an eye on the support and resistance levels mentioned above.
Learn The Only Proven Way to Become Rich
1. Money mindset is everything
You need to have a positive money mindset when it comes to creating wealth. Everyone carries a money story and it’s your job to understand what yours is and if it’s holding you back. Reframing your story to a millionaire’s mindset is essential for success because rich people think differently. How to get rich can’t be a passing phase in your life; it takes work and commitment.
2. Millionaires still budget
Hard to believe, but it’s true. Even millionaires follow a budget. The biggest secret on how to get rich and stay rich is spending less than you bring in. There will always be wants that exceed budget limits, even for millionaires, because there is not an unlimited supply of money.
3. Money management is key
Good money management is so important to get rich and stay rich. Money management is a behavior and habit. You need to be mindful of where you are investing and spending your money. There is a specific strategy to growing your wealth and maintaining it and you must follow it like you do a workout regime.
4. Invest your money for growth
Investing in assets that will appreciate over time and provide you with a return on your investment such as dividend or interest payments is smart. The goal is to build your asset portfolio and make it so strong that you can live off the passive income in your retirement.
5. Build your business around your personal financial goals
As a business owner you have more control over the money you make versus being an employee with a set salary. If you want more money in your pockets, you can increase your revenue and your profit margins to ensure you are taking home more money. The more profits you have in your business the more you can pay yourself a dividend or bonus, depending on the legal structure of your business.
6. Create multiple income streams
Smart business owners create more than one income streamas it protects them from fluctuations in the market. That means if one source of revenue dries up due to market conditions, other sources of income can protect you from a loss.
7. CONCLUSION:
The bottom line is that knowing how to get rich is something that is learned. There are no guarantees that if you start a business that you will get rich because even the best business ideas fail due to poor execution. But if you educate yourself and get help in making your business a success, you will increase your chances of success.
What do you want to learn in the next post?
AAPL keep it simpleThis is the single most important thing I learned trading that elevated me to the next level. The cleaner the chart the better. Sometimes you have to start with clean slate. In this chart you can see clearly what is happening in the market. Big money knows best. Ride the wave with them...
It doesnt have to be perfect, find your zones, Wait for two red or two green candles to confirm then enter calls or puts. Cheers!
NFLX long if above 322As you can see by the chart trendline of wedge was broken. Long wicks circled by ellipses indicated bullish at resistance but it broke back down to take out the stop losses set by many who were anticipating a breakout. Re confirmed back above trend line with new wicks ellipses and retest for breakout to fill gap around 330. I will enter longs if above 322. Otherwise I will expect a breakdown to fill out rest of wedge from previous idea post.
Cheers!!
Trade safe have fun!
FOLLOW ME ON MY JOURNEY FROM 1K TO 10MIL!!