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  • #27,801
  • Mar 6, 2024 9:14am Mar 6, 2024 9:14am
Quoting jiddifx
The Federal Reserve’s Semi-Annual Monetary Policy Report https://www.youtube.com/watch?v=WDcbvODiXYU
What did you understand and what is the expected effect on GOLD?
  • #27,802
  • Mar 6, 2024 9:34am Mar 6, 2024 9:34am
I understood that Gold is screaming overbought territory and will come down 2114 then 2080 my support zones.
average dude treading water
  • #27,803
  • Mar 6, 2024 9:38am Mar 6, 2024 9:38am
Quoting Zebi
{quote} i placed sell limits at 2150,2160 and 2170 cause bulls will get slaughtered since the long term dollar chart is bullish im sure every ICT follower understands what thismonthly dollar chart signifies ...the dollar isnt gona fall thru that 7 year support level and it goes back further than that...the dollars goin back to 107 within 2 months and 115 in 5 years and may even get back to clinton era 120ish as long as democrats keep winning elections i understand dollar bears and haters want america to fall to its knees but thats never going to...

price didnt hit my limit orders so still not short..im keeping them in and hope that atleast 2150 order gets filled

ill start shorting manually if doesnt spike up anymore

im a swing trader so unless you look at hourly and hier charts please ignore me
short trump and go long the deepstate
  • #27,804
  • Mar 6, 2024 9:44am Mar 6, 2024 9:44am
this is for all you ICT followers

my charts are bearish so i placed those sell limit orders above the previos hi of 2149 months ago to become that liquidity all you ICT followers keep talking aboutb LOL

if price dont grab my sell orders and other peoples buy stops people placed at 2150 annd above means there arent many bulls banking on a blreakout
short trump and go long the deepstate
  • #27,805
  • Mar 6, 2024 9:50am Mar 6, 2024 9:50am
Quoting Zaatar
{quote} What did you understand and what is the expected effect on GOLD?
as a gold trader, staying informed about the Federal Reserve’s policies and outlook can give us edge in understanding potential market movements and planning your trading strategies accordingly.
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  • #27,806
  • Mar 6, 2024 9:52am Mar 6, 2024 9:52am
Quoting jiddifx
{quote} as a gold trader, staying informed about the Federal Reserve’s policies and outlook can give us edge in understanding potential market movements and planning your trading strategies accordingly.
Can you share your feeling?
  • #27,807
  • Mar 6, 2024 9:54am Mar 6, 2024 9:54am
so on my oanda charts price only made a new high by 25 cents LOL

doesnt seem very inspiring for bulls to me
short trump and go long the deepstate
  • #27,808
  • Edited 10:10am Mar 6, 2024 9:59am | Edited 10:10am
a priapic hyperbolic rise like this on this daily chart means people swallowed all their viagra in one shot LOL

blastoffs like this one on the daily chart always crash down when the viagra wears off so thats another reason im bearish untill that comet hits earth

thats enuf from me i dont want to influence anyones views just posting mine
Attached Image (click to enlarge)
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short trump and go long the deepstate
  • #27,809
  • Mar 6, 2024 10:06am Mar 6, 2024 10:06am
Quoting Zaatar
{quote} Can you share your feeling?
the Fed’s cranking up the interest rates again. This means the cost to borrow money is going up, and that’s pushing up what the government pays for borrowing too, we know, the Treasury yields. Here’s the catch: when interest rates go up, usually the dollar gets stronger, and that’s not great news for gold. Gold tends to lose its shine a bit when the dollar is flexing.
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  • #27,810
  • Mar 6, 2024 10:08am Mar 6, 2024 10:08am
On the other hand, the report’s giving us mixed signals. It’s like, yes, the government’s in deep debt, but hey, the economy’s picking up and local governments are doing alright financially. So, the big picture seems kind of stable.
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  • #27,811
  • Mar 6, 2024 10:10am Mar 6, 2024 10:10am
But wait, there’s more. The report talks about how the stock market’s having its ups and downs and how there’s a bit of risk floating around. When things get shaky like this, people often run to gold as their safe space. It’s like the financial comfort blanket. So, all these factors juggling around are super important for anyone playing the gold trading game. It’s all about catching the right wave in the market.
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  • #27,812
  • Mar 6, 2024 10:13am Mar 6, 2024 10:13am
Quoting Zebi
a priapic hyperbolic rise like this on this daily chart means people swallowed all their viagra in one shot LOL blastoffs like this one on the daily chart always crash down when the viagra wears off so thats another reason im bearish untill that comet hits earth thats enuf from me i dont want to influence anyones views just posting mine {image}
I'm not always right.. I'm not always wrong neither
  • #27,813
  • Mar 6, 2024 10:13am Mar 6, 2024 10:13am
Quoting Zaatar
{quote} Can you share your feeling?
this much I understand sir, still discussion is going on.

thanks
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  • #27,814
  • Mar 6, 2024 10:16am Mar 6, 2024 10:16am
Quoting jiddifx
The Federal Reserve’s Semi-Annual Monetary Policy Report https://www.youtube.com/watch?v=WDcbvODiXYU
They spoke well about the economy, spurring some risk appetite, but I believe at some point he will speak about monetary policy and there are plenty of reasons to sound hawkish.
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  • #27,815
  • Mar 6, 2024 10:17am Mar 6, 2024 10:17am
Quoting jiddifx
{quote} this much I understand sir, still discussion is going on. thanks
I feel that only the sky can stop this gold uptrend
  • #27,816
  • Mar 6, 2024 10:24am Mar 6, 2024 10:24am
Please comment on this…
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4192.png Size: 63 KB
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  • #27,817
  • Mar 6, 2024 10:27am Mar 6, 2024 10:27am
Quoting NextElliott
{quote}
What is the Result??? Can any bosy tell me what is the conculsion of this News... Gold Price is Up High ??
Please help me out
  • #27,818
  • Mar 6, 2024 10:33am Mar 6, 2024 10:33am
Quoting jiddifx
Please comment on this… {image}
Could happen if the price passes ~2150. Then maybe towards ~2180
  • #27,819
  • Mar 6, 2024 10:35am Mar 6, 2024 10:35am
https://www.c-span.org/video/?533951...-policy-report

you all can watch powell...hes being grilled LOL
short trump and go long the deepstate
  • #27,820
  • Mar 6, 2024 10:36am Mar 6, 2024 10:36am
Quoting Pk-ish
{quote} What is the Result??? Can any bosy tell me what is the conculsion of this News... Gold Price is Up High ?? Please help me out
Don't stress yourself sleep it out for today if possible for this week and start next week, if you're already in a trade that is running blues set BE and forget with a proper TP and if it's in red with small loss close it if it's a huge loss I have no comments. Happy trading.
Never stop learning. Improvise, adapt, overcome.
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