1. 21/10/24
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📉SELL USDCHF at 0.8650
Stop Loss 0.8670
Take Profit 0.8610
APPROPRIATE LOT SIZE 1% risk
Risk/ Reward 1:2
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Gold Market Update
- The precious metals market has witnessed an extraordinary surge in gold prices, with the yellow metal achieving one of its most impressive runs in recent history. Gold has soared by over 21% this year, reaffirming its status as both a safe-haven asset and a potential source of significant returns. The rally intensified following the Federal Reserve's first interest rate cut since 2020, with gold gaining nearly 3% in the week after the announcement.
- The recent price surge can be attributed to several factors. Market participants are reacting to the Fed's single rate cut and the perception that this move signals a pivotal shift in monetary policy. Investors anticipate a series of rate cuts that could bring the federal funds rate down to approximately 3% by mid-2025. Additionally, rising geopolitical tensions in the Middle East and the ongoing conflict between Russia and Ukraine have contributed to gold's appeal as a safe-haven asset.
- While these factors continue to support gold prices in the long term, some market observers suggest that a period of consolidation or even a moderate price correction may be on the horizon. The timing and extent of such a consolidation remain uncertain.
- The market is closely monitoring the Federal Reserve's next moves. According to the CME's FedWatch tool, there is a 59.2% probability of another 50-basis point rate cut at the November FOMC meeting, up from 37% just a week ago.
- Investors and Fed officials alike eagerly await the release of key inflation data on Friday.
- If the PCE report aligns with expectations, it would underscore the significant deceleration of inflation from its 40-year high in June 2022. This could bolster confidence among Federal Reserve officials that retail prices are stabilising and moving towards their 2% target, potentially paving the way for further rate cuts.
- The Fed's shift in focus from battling inflation to addressing the cooling labor market reflects a delicate balancing act. By reducing borrowing costs, the central bank aims to stimulate economic growth and prevent further job losses, while maintaining price stability. As the gold market digests these developments, investors remain vigilant, watching for signs of consolidation or continued upward momentum in this historic bull run.
1. 27/02/24 | Market Execution
Notes:
📉BUY XAUUSD at 2035
Stop Loss 2031
Take Profit 1 at 2039
Take Profit 2 at 2048
Take Profit 3 at 2058
•APPROPRIATE risk size 1%
Wishing you health, wealth, and endless blessings in the New Year ahead. Happy New Year 2024 💥
Читать полностью…1. 15/02/24 | Market Execution
Notes:
📉BUY XAUUSD at 1993
Stop Loss 1988
Take Profit 1 at 2000
Take Profit 2 at 2009
Take Profit 3 at 2028
•APPROPRIATE risk size 1%
1. 15/11/23
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📉SELL LIMIT GBPJPY at 187.820
Stop Loss 188.492
Take Profit 180.000
APPROPRIATE LOT SIZE 1% risk
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