Gold

I think the run is not over yet. but this is just my opinion. Firstly, Many Average American households in the US are now leaning heavily on credit, with credit card debt surpassing $1 trillion and even student debt which is slowly becoming the next US bubble and no one is talking about. Secondly, the main backbone of US is Small business and Commercial Real Estate, they experience squeezed profits, tighter borrowing from banks by the SMB's and Work From home concept affecting Commercial properties creating further refinancing Risks for property owners and also the private home owners who have already brought on credit, Third, Wages have seen steady decline especially in the service sector so spending is less. this is just the US that i am looking at. Globally, we have the De-Dollarization running high with BRICS members and has grown from 5 nations that accounts to roughly 35-40%. Strained US-China Relations, Strained US-Iran Relations, Russia-Ukraine War still going on, Israel-Palestine War Still going on. If we turn towards the interest rate decision prior to the elections, our JPowell Very nicely dropped 50 basis and immediately after the Elections, he only cuts 25 Basis. I am expecting another 25 basis in December giving the conditions of his last speech of cooling off inflation or Even a rate pause. Should they do a 50 basis point cut in December, they will look like clowns in my opinion but i think it will not happen. A Strong Dollar in my opinion is not good for the US economy nor for US Exports. As global exports and imports will be directly affected. I'm of the opinion that while the US Elections have favored Republicans over democrats by significant majority, Donald trumps win has sent global chills to NATO members, IRAN, Russia, China and Israel already. However, Republicans have won the elections but they will not take office until 20 January 2024 if i am correct. This means we have Full November and Full December and 19 days of January. As for Gold, it does not show a very strong rejection at 2790.10 (Though weekly it shows) and we have corrected by 1200+ pips already. However, it will correct by adding another 600-800 pips to test possibly around 2580 2570 levels before rebounding to test Higher levels. Below is my view both weekly, daily and the 4hr. there exists a strong possibility that we will be testing upper levels soon.

Another high for BTC, which seems 77000

I said to sell gold and buy BTC since October and BTC has met the expectation of 80k. Gold will fall further and BTC will rise to 84500.

I purchased 15000 BTC in 2009 for $15k and I am still holding it.
My investment has multiplied 80k times

Anyone here trades on FCPO (Crude Palm Oil Futures) by Bursa Malaysia Derivatives. If you are one of Gold, BTC, or SP100 futures lovers. You should try it. Per entry only $5.70 (+-MYR 25.00). I'm suggesting with minimum deposit is around $2500 (+-MYR 11,000.00) A lot of probabilities over there. Market movement 5 days per week (Closed on Saturday and Sunday). As a Malaysian, I would love it and support these derivatives. The best derivative markets in Malaysia.

Weekly crazy movement by BTC Happy weekend

gold - 11/nov/24 all intraday & weekly level update

gold - 15min

Attachment g
Gold 2588 and 2755 can be important but new high above 2812/32 area can be Major to out before a Major correction starts --!!

gold - 4hrs

support n resistance

New trading week nearly upon us

My arguement is that it would appear to be that's what the run up to 2790, a little $30 peek over the swing before iniating corrective priceaction.exe

Buy limit 2667. SL 300pips. TP 300pips

Hit TP

BOJ news moved gold 4 hours back, cannot touch it now, price already at extremes , waiting for price to consolidate

Methodology: Price Action (Triple Lines & OHLC/OLHC)
Proposal: Scalps
Direction: Sell
LTF : TFH1/TFM1
Entry: Sell Stop Below 2668.4 SL 2672.3 TP 2657/2649

still hold short

wow i am suddenly richer !!! gap opening in btc

bought at 2670. SL 300pips. TP 300pips

Good call to hold over weekendTp hit thanks to Asia.