Attachments: Gold

Gold

#50,821
Nov 6, 2024 5:17pm Nov 6, 2024 5:17pm

Doc'
| Joined Dec 2009 | Status: Trader | 312 Posts

Openend a long position @2664
Target 2680-84
FOMC today
SL manually

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 2 KB

#50,822
Nov 6, 2024 5:20pm Nov 6, 2024 5:20pm

suluah
Joined Mar 2013 | Status: Trader | 89 Posts

Quoting Doc'

Disliked

Openend a long position @2664 Target 2680-84 FOMC today SL manually {image}

Ignored

Hi Doc', is there a possibility that they will tend not to lower interest rates but instead raise them again because we see the DXY rising?

#50,823
Nov 6, 2024 5:29pm Nov 6, 2024 5:29pm

jawad99
| Joined Oct 2023 | Status: Trader | 158 Posts

Quoting MIKKI

Disliked

Good bye 27/28.hello 26/25

Ignored

Next destination of gold is 2800 or above not below of 2600 as per weekly and daily TF of my perspective, May be not NOW but next week or other next week.
Let see what FOMC can bring.

#50,824
Nov 6, 2024 5:29pm Nov 6, 2024 5:29pm

Polimini
Joined Mar 2022 | Status: Trader | 2,455 Posts

Quoting suluah

Disliked

{quote} Hi Doc', is there a possibility that they will tend not to lower interest rates but instead raise them again because we see the DXY rising?

Ignored

wait! Wouldn't raising the interest rate increase the DXY?

#50,825
Edited Nov 7, 2024 1:39am Nov 6, 2024 5:29pm | Edited Nov 7, 2024 1:39am

Doc'
| Joined Dec 2009 | Status: Trader | 312 Posts

Quoting suluah

Disliked

{quote} Hi Doc', is there a possibility that they will tend not to lower interest rates but instead raise them again because we see the DXY rising?

Ignored

Hi suluah

there will be no surprise. Rate cut of 0.25 is already priced in the market. Press conference is what matters.

#50,826
Nov 6, 2024 5:30pm Nov 6, 2024 5:30pm

Neowarcloud
| Joined Jul 2024 | Status: Trader | 204 Posts

Quoting suluah

Disliked

{quote} Hi Doc', is there a possibility that they will tend not to lower interest rates but instead raise them again because we see the DXY rising?

Ignored

They will cut 25 BPS tomorrow...They're not gonna not cut because Trump was elected President, they'll wait until they have data that suggests that inflation is once again a problem. The market is just having a moment because of Trump and trying to be forward looking about his policies...

It is possible that the cutting cycle gets cut short, who knows.

#50,827
Nov 6, 2024 5:32pm Nov 6, 2024 5:32pm

Neowarcloud
| Joined Jul 2024 | Status: Trader | 204 Posts

Quoting Polimini

Disliked

{quote} wait! Wouldn't raising the interest rate increase the DXY?

Ignored

I mean the DXY is primary driven of US treasury yields...Things that make them go up, strong economic data, interest rate rises, inflation and changes to policy that will likely result in higher inflation....Last one is where we are currently.

#50,828
Nov 6, 2024 5:36pm Nov 6, 2024 5:36pm

G-naaaaay
| Joined Nov 2024 | Status: Trader | 4 Posts

was expecting a high momentum from Gold

#50,829
Nov 6, 2024 5:42pm Nov 6, 2024 5:42pm

Polimini
Joined Mar 2022 | Status: Trader | 2,455 Posts

Quoting Neowarcloud

Disliked

{quote} I mean the DXY is primary driven of US treasury yields...Things that make them go up, strong economic data, interest rate rises, inflation and changes to policy that will likely result in higher inflation....Last one is where we are currently.

Ignored

the DXY is not a Powel goal, inflation is. He will not react to something that hasn't happened yet because something that is not is goal is happening.

#50,830
Nov 6, 2024 6:24pm Nov 6, 2024 6:24pm