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QQQ Nasdaq 100 ETF Options ahead of the FOMC decisionAfter the 2023 Price target was reached for QQQ: Now Powell's likely to take a hawkish stance tomorrow, given the CPI, PPI, and GDP data. Interest rate cuts probably won't happen before June, in my opinion, potentially causing both indices and the crypto market to decline. I would consider purchasing the 416usd strike price Puts with an expiration date of 2024-4-19, for a premium of approximately $2.55. My end of the year Price Target for QQQ, the Nasdaq 100 ETF, is $470.
NASDAQ:QQQShort
by TopgOptions
Gold- Correction over and rise to 2060 next?In my post from yesterday, I mentioned the possibility of a correction in the price of $OANDA:XAUUSD. However, this correction should be viewed as a favorable opportunity to buy at more advantageous prices. As anticipated, this correction did occur, and as depicted in the chart provided, once the price briefly dipped below the local support, it reversed sharply. At the time of writing, the price of Gold is hovering around the familiar level of 2030 and appears poised for an upward breakout. Such a breakout would expose the technical level of 2040. However, in my opinion, if such an event occurs, we should not anticipate a reversal from that level but rather an ascent towards the next significant level at 2060.
OANDA:XAUUSDLong
by Mihai_Iacob
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