If 80 can support we won't see any lower , if not we problaby see even below 70 around 66-67$ (half of recent high 120$)🙆♂️👌 before gainning strength back
don't wanna make further technical but incase counter buy happen and confused by rate cut 100 bps, huge dump DXY, it may not complete or complete depends next week :D
Is the US dollar really heading towards a bubble (soon)? What's the path to the gold standard? Is it possible to set back gold below 1000$? Do fed using the political path to gold standard system? Do traders become emotional from eternal rising gold?
This week have trade talk on 10-11 Oct, Including inflation day on 10 Oct as last Friday Fed main policy is to keep near 2%, also with too many speech in a week trade safe ;)
there is bigger one , but the pattern not complete , anyway this is still learning progress
just updated what I learned
Powell said "we are also mindful that monetary policy should not overreact to any individual data point or short-term swing in sentiment. Doing so would risk adding even more uncertainty to the outlook"
Changed strategy relying on US-China, Global Damaged and Expected Rate cut
I hope this well help people to have more patient on trading XAUUSD :D