GOLD ANALYSE TODAY IS FIRE
Updated
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lets Start with the analyse
GOld 15/05/24 :
Yesterday We had Uncle Jerome talks he mentioned alot of things these are the points he
mentioned
🟥 Jerome Powell: It is reasonable that job vacancies will decrease without a significant increase in unemployment.
🟥 Jerome Powell: Our goal is clear regarding inflation, which is to reach 2% levels, but the improvement is limited.
🟥 Jerome Powell: The Federal Reserve may be forced to make a series of cuts.
🟥 Jerome Powell: The Federal Reserve may have to raise the balance sheet.
🟥 Jerome Powell: Economic report data still shows that we are facing stable inflation.
Most of the notes Negative and the most important one is this one :
🟥 Jerome Powell: The US Congress is pressuring us to reduce interest rates in order to stabilize employment and prices.
This means we're about to cut rates soon , Maybe this month or next Month or even Next week why not today 😂
If this happend which is the best scenario for us , Gold first target and the easiest one is : 2370
Next targets if CPI came Heavy Negative than expected we'll see strong push to 2407.449-2413.158 ( LONG TERM )
if this Came Positive Gold will dump to these levels 2347.124-2334.854-2323.522 But this doesnt mean gold is weak , we say yesterday PPI how gold reacted Numbers Came positive but still Gold Remain Strenght
This was My analyse guys Good luck i'll wait for Data Release to get an entry in Gold But in General im long with Gold
lets Start with the analyse
GOld 15/05/24 :
Yesterday We had Uncle Jerome talks he mentioned alot of things these are the points he
mentioned
🟥 Jerome Powell: It is reasonable that job vacancies will decrease without a significant increase in unemployment.
🟥 Jerome Powell: Our goal is clear regarding inflation, which is to reach 2% levels, but the improvement is limited.
🟥 Jerome Powell: The Federal Reserve may be forced to make a series of cuts.
🟥 Jerome Powell: The Federal Reserve may have to raise the balance sheet.
🟥 Jerome Powell: Economic report data still shows that we are facing stable inflation.
Most of the notes Negative and the most important one is this one :
🟥 Jerome Powell: The US Congress is pressuring us to reduce interest rates in order to stabilize employment and prices.
This means we're about to cut rates soon , Maybe this month or next Month or even Next week why not today 😂
If this happend which is the best scenario for us , Gold first target and the easiest one is : 2370
Next targets if CPI came Heavy Negative than expected we'll see strong push to 2407.449-2413.158 ( LONG TERM )
if this Came Positive Gold will dump to these levels 2347.124-2334.854-2323.522 But this doesnt mean gold is weak , we say yesterday PPI how gold reacted Numbers Came positive but still Gold Remain Strenght
This was My analyse guys Good luck i'll wait for Data Release to get an entry in Gold But in General im long with Gold
Note
Guys do you like the analysis :D gold pushing pushing im in a trade now from 2359Note
Price guys might pullback i suggest u dont enter neither buy neither sell its gonna be stupid move if u do it ofc , Wait till NEWS came in for better position and clear vision " we're currently rejecting at : 2374.708 which is the 261.8% Fibbonacci retracementNote
If Data CAME HEAVY POSITIVE i will buy AT : 2361.510 off the rip on the FVG i cant update chart sadly cause i didnt buy the subscription yet Stay tunned guys i'll update soonTrade active
i entered on the FVG 30 MIN TF at 2360 , im with 25pips running nowNote
130 PIPS IN GOLD LFGNote
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