GBPUSDDXYBXY Hello Swingers, Scalpers & Day Traders!
We’ve found the keys 🔑 to the Bears’ truck and kicked the BULLS out, all thanks to my technical analysis and a bit of the magical instinct I’ve inherited.
Additionally, we've successfully added a few more loads to the swings +280 PIPs and loading, along with the positions we've been holding since last week. (We still remain cautious to expect a reversal or to make add ons) Intraday action has been solid, with scalpers hitting their targets thanks to the increased volatility.
XAUUSDDXY It is well-known that wars have a significant impact on gold prices, and the key factor often lies in the stance of the U S. Before the election, geopolitical tensions and inflation created favorable conditions for gold’s rise.
However, with Trump winning the presidency, gold prices experienced a sharp decline. The primary reason was his campaign statements about actively mediating the Russia-Ukraine war if elected. As a result, the market anticipated an end to the war, triggering a rapid sell-off in gold. Although gold prices have recently started to recover, this seems more like a technical correction to the previous drop.
Yesterday, an intercontinental missile was deployed in the war for the first time. On the surface, this appears to signal an escalation in the conflict, but I believe it may actually hint at the war nearing its end. This “last frenzy” could be both sides vying for the strongest position at the negotiating table.
In this context, how long can the current gold rally last? How high might it go? These are difficult questions to answer. However, one thing is clear: when peace talks are finalized, gold could retreat to the 2480-2350 range.
DXY Printing green candles to the upside, FED rates are high and the demand for the dollar is still high, the dollar heading to take buyside liquidity.