I'm expecting the opposite, With 60% price in for 50bps, on the FED release, if: #1 FED cut 25bps, the additional probability priced in for the 50bps, need to be repriced.(good for dollar, bad for asset)- more probable to unfold. #2 FED cut the ...

Gold

Agreed, Clearer direction will be set post FOMC.

Gold

Even when fundamental and trend on our side, we need a good setup to enter in the market, else we might be right, yet losing money. Major banks are positioning for 25bps cut today, while 2 more cut ( total of 75bps cut in 2024)- ~4.75% FED fund rate ...

Gold

US500 Possible scenario for FOMC 4hr image 30mins image If FED cut by 25bps only, dollar gain strength temporarily.

Coreg's EW+HP+D/W Range

Donald trump wants cheaper Dollar also. Ask Zebi, he will give a good lecture on the effects of different political party on dollar.

Gold

Fomc tonight, so whole day could go into a ranging mode. Possibility for a 25bps cut then the dot plot is dovish - 2 more cut this year (dollar spike both way) Dovish powell will push dollar down. Anyone, expecting otherwise?

Gold

Hi, Central banks do buy tons of gold. Under the new banking regulation for COMMERCIAL BANKS, it allows them to treat gold investment(Assest) as Cash(No tax on them) when they want the gold bullion to be used as their reserve. Usually, Commercial ...

Gold

Demand is strong even at this level. I have a low probability buy scaling setup. Based on 3mins tf image If price structure hold at buy level, next target is 2615-2620.

Forex Gold Trading by Shenron

Google basel 3 endgame, everything about it will show up. You will understand better than we will try to explain it to you.

Gold

My bad. I'm closely monitoring spx rn, for a short scalping. My mind is divided between here, and spx. It is about reserve ratio, where the gold is accounted as cash, same as it is accounted in balance of payments when central banks import gold ...

Gold

It allows commercial banks to hold a more diversified portfolios- from "risk-free" instruments. FED, ECB, PBOC, CBI and BOJ are equally important when regarding long term trend of gold. Their printers are the main drivers for international ...

Gold

Rate cut, QT ending (QE start), Basel III, and US debt all pointing to $3500+ next 2 years maybe?

Gold

Gold EW Update Possible Shorts opportunities image Waiting for 1hr MSS first then dump the short. image Thats the beauty of EW, we dont need to accurately count the wave, but we just need to be on the right side of the history. Matter of fact, ...

Gold

Sometimes a little bit of expert advice can benefits us more than anything.

Cable Update (GBPUSD)

I take the cash and i take the glory. I have a problem of trading swing low to swing high, it makes me hornyz When deez cunts thought i call the 2502 bottom they forgot i also call swing buy from 2485 I revise my OB level ...

Gold

Nobody knows that. You can only trust yourself to develop an edge. Thats the best thing i can say to if someone that truly cares about making consistent money through trading.

Gold

Not only 2470 but also 2370, possibly to 2320 range. Just waiting for fractal to complete and shift in external structure before dumping the shorts.

Gold

Agreed We have ppi due. The broken RSF get an immediate retest with intact 30mins structure. Chances are higher to push to 2hr FL

Coreg's EW+HP+D/W Range

US500 Scalping shorts. image Making some buck 7point SL for 64point TP Edit: My first scalping US500. And chances are high it will failed miserably, because im trading candlestick, not structure. .

Coreg's EW+HP+D/W Range