XAU.USD Part 2
Good evening traders and analysts,
We might be coming to a near high risk situation here (not only if your're short). If you are short good luck to you !
Okay so I know you all love technicalities so I'm going to give you some, the weekly candle has closed off quite eager and ready to slump 100$+. If we look onto the year of 2013. You can see a very similar pattern, followed by a huge drop. Look guys.. I know I'm bullish on this, I just wanted to say that its okay to critically analyse your execution and what is going on around you to simply be aware of what you're getting into.
Onto the fundamental side of things, NFP jobs & hourly earnings exceeded expectation.. followed by consumer confidence today. Stocks rallied as everyone is getting prepared for Christmas (exciting). Heres my view on this:
Point - Fed rate decision on Tuesday, with USA news being super hawkish on the economy, I have come to conclusion that the interest rate decision will remain unchanged however the Fed are not looking to cut rates at any time ! Think about it for a second.. higher hourly wage, higher job rate and higher consumer spending.. why would they cut back their rates? This data evidently shows their GDP forecasts for the month are super fantastic, even if the feds fiscal policy is tightened they will still have to strategically implement increased rates regardless ! Its a win-win situation and while everyone is so cheery about this so should you ! The Fed have a hawkish view to an interest rate hike in March 2020. With the US/China trade war 'optimism' who needs gold right?
However things can still turn the other way.. with the alleged Trump Impeachment talks & Brexit affiliation to the economy can still affect golds price.. including the US/China trade war !
Trade with caution markets are subject to risk
Thanks !
TrendsAcee ;)
We might be coming to a near high risk situation here (not only if your're short). If you are short good luck to you !
Okay so I know you all love technicalities so I'm going to give you some, the weekly candle has closed off quite eager and ready to slump 100$+. If we look onto the year of 2013. You can see a very similar pattern, followed by a huge drop. Look guys.. I know I'm bullish on this, I just wanted to say that its okay to critically analyse your execution and what is going on around you to simply be aware of what you're getting into.
Onto the fundamental side of things, NFP jobs & hourly earnings exceeded expectation.. followed by consumer confidence today. Stocks rallied as everyone is getting prepared for Christmas (exciting). Heres my view on this:
Point - Fed rate decision on Tuesday, with USA news being super hawkish on the economy, I have come to conclusion that the interest rate decision will remain unchanged however the Fed are not looking to cut rates at any time ! Think about it for a second.. higher hourly wage, higher job rate and higher consumer spending.. why would they cut back their rates? This data evidently shows their GDP forecasts for the month are super fantastic, even if the feds fiscal policy is tightened they will still have to strategically implement increased rates regardless ! Its a win-win situation and while everyone is so cheery about this so should you ! The Fed have a hawkish view to an interest rate hike in March 2020. With the US/China trade war 'optimism' who needs gold right?
However things can still turn the other way.. with the alleged Trump Impeachment talks & Brexit affiliation to the economy can still affect golds price.. including the US/China trade war !
Trade with caution markets are subject to risk
Thanks !
TrendsAcee ;)
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