TraderFa9ir

Current Gold Price Trends:Gold is currently trading around $2,328.135, having rebounded from $2,315 due to a weaker US Dollar and declining US Treasury yields The anticipation of Federal Reserve rate cuts this year supports the bullish sentiment for gold [1].Impact of Core PCE Index on Gold:The Core PCE Price Index, a key inflation measure, will be released tomorrow. This data can significantly influence gold prices as it shapes Federal Reserve policies A higher-than-expected Core PCE Index could indicate persistent inflation, potentially leading to higher Treasury yields and a stronger US Dollar, which may exert bearish pressure on gold prices [6].Conversely, a lower-than-expected Core PCE Index may suggest slowing inflation, prompting expectations for Federal Reserve rate cuts, thereby supporting bullish momentum for gold Technical Analysis from the Screenshot:The chart shows key resistance levels at 138.00% ($2,397.895), 161.80% ($2,416.014), and 175.00% ($2,426.064) Fibonacci retracement levels for bullish scenarios.Key support levels for bearish scenarios are indicated at 138.00% ($2,257.790), 161.80% ($2,238.630), and 175.00% ($2,228.003) Fibonacci retracement levels.If the Core PCE Index is extremely low, gold may break above the resistance levels; if it is extremely high, gold may break below the support levels.µReminder : i will update with news , possible entries Stay Tuned and Support me & Max Share and Boost Brothers & Sisters Love to help you all🔴 4 hours until we face President Biden and former President Trump in the first presidential debate on CNN in 4 hours.🔥 The eyes of the world are turning to #the_United_States to follow the first debate between #Biden and #Trump during the US presidential race, which may shape the attitudes of American voters.. 🇺🇸🌍 Important regarding the debate between (Trump) and (Biden) and its direct impact on the movement of everything that is priced in US dollars, especially gold.. 🏅✨ Trump’s slogan: America first.✨ Biden’s slogan: America 🇺🇸 is back.1️⃣ Mentioning the word that interest on the dollar must be reduced in order for the economy to move (positive for gold and negative for the dollar).2️⃣ He mentioned any military intervention by America externally (positive for gold) and stated that America has no reason to assist any foreign country militarily (negative for gold).3️⃣ If it was mentioned by Trump that he will support reducing taxes and reducing customs duties, in order to support the American economy (negative for gold and positive for the dollar).4️⃣ Mention of any development in America’s nuclear arsenal or increase in the strength of the American army (positive gold).5️⃣ Mention of any attack by Trump on America’s military confrontation against Russia 🇷🇺 or China 🇨🇳 (strongly positive for gold).SELL NOW GOLD ENTRY :2336.37SL : 2340.31TP : 2332.71 1:1 RISK USE PROPRE RISK PLEASE45 PIPS CLOSED DONE FOR THE WEEK ENJOY YOUR PROFITS 🔥🔥🔥🔥🔥We're Back Guys New Week New Bag Lemme tell you something i suggest you dont sell Gold unless you're scalping on this week , only if gold break Golden zone " 2316.778-2311.212 " , Im Doing buy limit right on that Zone Be prepared for the Big move comming up this week its Good for gold thats my Analysis if price break golden zone then all what i've said forget it xd🔵BUY LIMIT GOLD 🔥SWING TRADE🔥🔻Entries : " 2313.960 , 2311.635 " 🔻SL : 2302.969🔻TP 1 : 2323.711🔻TP 2 : 2328.489🔻TP 3 : 2348.373🔻TP 4 : 2357.468🔥 USE PROPRE RISK BETTER 1% ! 📝🌍 Notice:• This week the market will be very active and very volatile.. Heavy data is crowded.. 🔥🌎• Strong movements will begin on Tuesday and Wednesday and then intensify on Friday with jobs, unemployment and wages data.👈 Therefore, we will witness severe fluctuations, so be very careful.🌟 We ask you to be cautious and adopt the principle of strict capital management.🔴This week will be very important in terms of economic data, so here are the highlights of what is coming:•On Monday afternoon, the Purchasing Managers’ Index (PMI) statement for the US manufacturing sector will be released.• On Tuesday afternoon, the markets will await a speech by US Federal Reserve Chairman Jerome Powell, and after that, the US job opportunities statement will be issued.• Wednesday will be very important, as a statement on the change in US non-agricultural private sector jobs will be issued in the afternoon. Then, the Purchasing Managers’ Index statement for the US services sector will be issued, and in the evening the US Federal Reserve’s minutes will be issued.• Thursday will be an official holiday in the United States on the occasion of Independence Day, and there will be no important economic data.• Friday will be an earthquake on the markets, as jobs, unemployment, and wages data from the United States of America will be released this afternoon.🔴 Here are the most notable developments:• The Japanese government announces a deepening contraction in its economy in the first quarter. This is considered shocking news for the third largest economy in the world.• This news caused the yen to fall against other currencies, as every 1 US dollar became equal to 161 yen.• The euro opens with a rising price gap, with the National Rally led by Marine Le Pen advancing in the first round.• Today, the financial markets are awaiting the release of the Purchasing Managers’ Index statement for the US manufacturing sector at 5:00 Saudi time.Im Still Holding Pending Buys for Gold Patience Guys Its still valid 💪🔥🔥🔥💪🔥🔥🔥🔥📊 One of JPMorgan's top strategists warned that the S&P 500 index was threatened with a decline of approximately 23% from current levels.• He stated that 4200 levels will be a main target for the index...👈 He said that waterfalls of blood are coming to sweep away the stock markets and indices!🟥 Tucker Carlson: Currently, Trump is not only the Republican nominee, but he is the presumptive next president, due to the inevitability of Biden losing the upcoming elections.🌟 Mostly positive indicators 🔥🔵 Buy now GOLD " SCALPING TRADE " 🔥🔥🔥🔹 Entry : 2320-2319🔹SL : 2317.61🔹TP1 : 2321.97🔹TP2 : 2323.25⚪️USE PROPRE RISK & LOT SIZE ❗️❗️Gold 1st Entry Activated & 10 pip Move , At 20 pip im gonna Secure 80% Then BE 🔥🔥🔥🔥🔥🔥🔥🔥🔥1St & 2ND 60 pips MOVE CLOSED FULL 👌 😂👌 😂CLOSED FULL IN PROFIT NOW WE WAIT TILL NEWS + JEROME TALKS Also if you hit your profit daily TARGET please Guys LOWER UR RISK🔵BUY LIMIT GOLD 🔥SWING TRADE🔥🔻Entries : " 2313.960 , 2311.635 "🔻SL : 2302.969🔻TP 1 : 2323.711🔻TP 2 : 2328.489🔻TP 3 : 2348.373🔻TP 4 : 2357.468🔥 USE PROPRE RISK BETTER 1% ! 📝CLOSE THIS TRADE " BUY LIMIT "🔵 BUY NOW GOLD : 🔥🔥 SWING TRADE 🔥🔥🔥 🔹Entry: 2330 - 2327🔹SL : 2302.969🔹TP 1 : 2337.696🔹TP 2 : 2348.475🔹TP 3 : 2365.689🔹TP 4 : 2406.914🔥 USE PROPRE RISK MANAGEMENT ❤️🤑🤑20 PIPS RUNNING 🔥🔥🔥 , Im gonna be OFF PC LONGTERM TRADE TILL FRIDAY LET IT RUN TO OUR TARGETS 🔥🔥🔥 Or SECURE IF YOU OVERRISKED100 PIP RUNNING CONGRATULATION KEEP GOING SECURE IF U WANT & BE 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥✅ TP 1 SMASHED 👌🤑🤑🤑 ✅ TP 2 ALMOST SMASHED Nothing left 🔥🔥🔥 😍✅✅WE HIT THE 200+ PIPS GOLD 🔥🔥🔥LIKE I SAID ✅ BE + SECURE LIKE ALWAYS ❗️ Dont Marry with the Trade ❗️No Trade Yet Be patient Till NFP i'll Post a Trade For a runner 🔥🔥🔥🔥🔥🔥🔥🔥🔥

Fed's Interest Rate Policy:Fed Governor Bowman sees no interest rate cuts this year Traders are heavily betting on federal interest rate cuts, which typically weaken the dollar and support gold prices.Inflation and Economic Outlook:Fed's Cook expects US progress on inflation to continue potentially stabilizing the dollar and impacting gold inversely.US consumer confidence weakened slightly in June, indicating mixed economic sentiment that can influence safe-haven demand like gold.Global Economic Indicators:Canada's unexpected acceleration in inflation (May) may mirror broader inflationary pressures, affecting commodity prices like gold.Federal Reserve's Policy Stance:Fed member Bowman's cautious stance on interest rates favors the dollar initially, posing a challenge for gold as a hedge against inflation Market and Political Factors:Political events like the upcoming debate between Trump and Biden could introduce volatility, potentially boosting safe-haven assets like gold.Bank of America's forecast of potential interest rate cuts by December 2024 contrasts with current expectations, signaling uncertainty and potential dollar strength over time Im Bearish LongTerm Gold , Bullish Shortterm

Current Price and Trend: Gold is trading around $2,321.87. The price is moving within a rising channel, suggesting a bullish trend. Support and Resistance Levels: Support Levels: $2,300: Psychological support level. $2,286.83: Key support zone indicated by the green box. Resistance Levels: $2,338.78: Immediate resistance. $2,399.70 - $2,450.13: Strong resistance zone highlighted in red. Technical Indicators: The price recently tested the upper boundary of the channel and has pulled back. The moving average (yellow line) is acting as dynamic support. Fibonacci Retracement: The Fibonacci retracement levels of 127% ($2,291.49) and 138% ($2,284.83) are key levels to watch for potential bounce-backs. Projected Movement: If the price breaks below the current support levels around $2,286.83, it may test lower Fibonacci levels at 161.8% ($2,270.41) and 175% ($2,262.42). Conversely, a bounce from current levels could see the price testing the upper resistance zones again. Impact of New Dollar News: Stronger Dollar Impact: Recent news indicates a stronger dollar, which typically puts pressure on gold prices . If dollar strength continues, gold might break below the key support levels and head towards the lower Fibonacci retracement levels. Weaker Economic Data: Recent weaker-than-expected NFP and ISM services PMI data may limit the dollar's strength, potentially supporting gold prices in the short term . Conclusion: Bullish Scenario: If gold holds above the support levels and the dollar weakens, expect a potential move towards the $2,338.78 resistance. Bearish Scenario: If gold breaks below $2,286.83 due to dollar strength, expect further declines towards $2,270.41 or lower.

Economic Data Impact Retail Sales Data: Positive retail sales data typically strengthens the USD, which may put pressure on gold prices. If retail sales come in as expected or higher (0.3% for Retail Sales m/m, 0.2% for Core Retail Sales m/m), gold may experience a downward move towards the lower Fibonacci levels. Conversely, lower-than-expected retail sales would weaken the USD, potentially pushing gold prices upwards. Industrial Production Data: Positive industrial production data (expected 0.3%) would support a stronger USD, likely leading to downward pressure on gold. FOMC Statement: Hawkish FOMC statements (indicative of higher interest rates) generally lead to a stronger USD and lower gold prices. Dovish statements would support gold prices due to lower interest rate expectations. Possible Scenarios Bullish Scenario: Retail sales data comes in lower than expected. Industrial production data is weaker than expected. Gold could break above the triangle, targeting 2344.847, 2350.692, and possibly 2353.934. Bearish Scenario: Retail sales and industrial production data come in as expected or higher. Gold could break below the triangle, targeting 2281.292, 2271.899, and possibly 2266.690. Conclusion Monitoring the retail sales and industrial production data is crucial. A breakout above or below the symmetrical triangle, confirmed by the economic data, will dictate the next significant move for gold. My opinion For gold im short for the shortterm Atm till we see the dataComment: 🔴 The share of the US dollar in the world's central bank reserves has decreased, according to the International Monetary Fund. • The US dollar represented 71% of global reserves in 2000, but today it represents 53.2% of reserves. • It should be noted that the US dollar is still the dominant currency in the world. • The Chinese yuan represents 2.3% of global reserves and the euro 20%.Comment: 🔴 Urgent | Important for gold: • China recently sold 50-year bonds amid very weak investor demand • Sources say that even Chinese investors do not show interest in Chinese government bonds. 👈 Some other sources say that we may be witnessing new and surprising decisions from decision-makers in China. 🌟 The question is, is gold on this list? Or maybe at the top of this list? Will China sell quantities of gold to obtain liquidity?Trade active: Sorry i didnt Post SELLS im On Sells Gold Entry : 2313.52 SL : BE TP : 2300Trade active: Secured 60+ pips BE now might be Hit SELL LIMIT GOLD : 2316-2318.374 SL : 2326.536 TP1 : 2304 " Close Partial 50% or 80% " then BE TP2 : 2300 " CLOSE FULL "

Analyzing the provided gold (XAU/USD) chart on a 4-hour timeframe, here are the potential scenarios based on the CPI data release: 1. *Positive CPI (Higher than expected inflation):* - *Interest Rate Hike Likely:* If CPI data is positive (indicating higher inflation), the Federal Reserve might consider raising interest rates to combat inflation. This scenario can lead to a strengthening US dollar and typically puts downward pressure on gold prices. - *Price Movement:* - *Key Level to Watch:* If gold price closes below the current support level of approximately 2,290.390, we can expect a downward movement towards the next support levels of 2,278 to 2,265, as marked on the chart. - *Technical Indicators:* The chart shows clean traffic below this level, suggesting potential for a more significant drop if this support breaks. 2. *Negative CPI (Lower than expected inflation):* - *Interest Rate Hike Unlikely or Rate Hold:* If CPI data is negative (indicating lower inflation), the Federal Reserve might hold off on raising rates or even consider rate cuts. This scenario can weaken the US dollar and generally supports higher gold prices. - *Price Movement:* - *Key Level to Watch:* If gold price closes above the resistance level of approximately 2,318.071, we can expect an upward movement towards the next resistance levels of 2,325 to 2,337. - *Technical Indicators:* The chart indicates clean traffic above this level, suggesting potential for further gains if this resistance is broken. *Scenarios Summarized:* - *If CPI is positive (high inflation):* Gold price could drop below 2,290.390, targeting 2,278 to 2,265. - *If CPI is negative (low inflation):* Gold price could rise above 2,318.071, targeting 2,325 to 2,337. In General im Bearish with Gold , i think gold might Drop way more But Not for long i'll explain why after posting i'll share some News that may help , i dont take trades based on News unless its confirmed those news might be wrong or rightComment: 🟥 Some reports, citing participants in the gold industry, stated that China (the largest official buyer of gold in the sector) is expected to resume bullion purchases as soon as prices fall from the record high levels they recorded last May, especially with the continued attractiveness of the metal for purchase. • In this context, the CEO of the World Gold Council, David Tait, said on the sidelines of the Asia-Pacific Precious Metals Conference in Singapore that China’s data showed that it has stopped buying gold and that China is just waiting and watching, and if prices stabilize at the level of $2,200 an ounce, it will... China resumes its activity in the gold market again.Comment: 🔴 Here are the most notable developments: • The rate of change in the number of unemployment applications in Britain was released and it rose from 8,400 to 50,400 applications for aid. • This had a negative impact on the pound sterling against other currencies, and may put more pressure on it later. • While the US dollar is still in relatively good shape, supported by the rise in government jobs last Friday. • The euro is still negatively affected after the defeat of Macron’s party in the elections and his call for early elections. • Currently, all eyes are focused mainly on tomorrow, Wednesday, when inflation data and the US interest rate decision will be released. 👈 Today, there are no strong data, and occasional movement and calm are expected in the markets, but it is the calm before the storm tomorrow, Wednesday.Comment: 🌎 UBS Bank (one of the most important investment banks in the world) declares: 👈 Do not believe China, the fall of gold is an opportunity to buy only, not to sellComment: Entered in Buys off the rip like we planned in the chart and hit 300+ pips , FOMC is comming interest rate comming lock it inComment: 🔴 There is a state of dissatisfaction from the US Federal Reserve with the price of gold.. 🇺🇸🏛 • Therefore, Powell may hint about gold today and show a state of dissatisfaction with its price and consider it illogical, and this will be like a storm for gold. ✅ In 2011, the head of the Federal Reserve at the time did it when gold rose to 1930 and said that the price of gold was exaggerated and illogical...and then there was a free fall of about $100. 👈 This matter may or may not happen today, but it is important to shed light on it.Comment: 📑 Important - Federal Interest Rate Rule.. 🇺🇸 • If interest rates are raised, it will be positive for the dollar (rise) and negative for gold, stocks, and oil (fall). • If interest rates are reduced or fixed, it will be negative for the dollar (fall) and positive for gold, stocks, and oil (rise).Comment: 🔴 One hour and 45 minutes from now on the news of the US Federal Interest Rate.. 🇺🇸 • Strong expectations indicate stabilization of interest rates, and major fluctuations that the US stock market may witness at the time of Federal Reserve Chairman Jerome Powell’s speech tonight.. 🇺🇸🔥 • Be careful, violent fluctuations are expected to occur on the US dollar pairs, indices, and gold. Please fully commit to capital management.. ⚠️Comment: FED RATE DESCISION GUYS LOCK IT INComment: • News of the interest rate decision issued by the US Federal Reserve after (5) minutes.. 🔥🇺🇸 • Federal Open Market Committee report in (2) minutes.. 🔥🇺🇸Comment: Here are the points Jerome mentioned : 🔴 Jerome Powell: • We are still committed to bringing inflation back to about 2%. 🔴 Jerome Powell: • The general inflation rate is still high, and inflation must be reduced before thinking about reducing interest. 🔴 Jerome Powell: • Inflation rates are much higher than the current target of the Federal Reserve and the Federal Committee. • The recent economic data was strong and expresses the strength of the economy. 🔴 Urgent | Jerome Powell: • We expect interest rates to fall to 4.1% over the next year. • The consumer price index rose higher than expected this year. 🔴 Jerome Powell: • It is true that inflation rates have declined, but they are still very high. 🔴 Jerome Powell: • The American economy is still growing at a solid pace, and we do not rule out keeping interest rates high for a longer period if necessary. • We will not reduce interest rates unless we are sure that inflation will return to our target of 2%. • The labor market is still strong and affects inflation rates and may contribute to raising inflation rates again. 🟥 Jerome Powell: • Members of the US Federal Reserve are adamant that it would not be appropriate to cut rates, until they have confidence in achieving the inflation target. 🔴 Jerome Powell: • As long as the US economy remains strong and as long as inflation is above 2%, the US Federal Reserve will keep interest rates high for a long time. The Federal Open Market Committee reduced interest rate hike expectations and the number of times by a third this year And raised it by 25% next year It also raised its expectations for the inflation rate by the end of the year from its previous expectations Meaning, in a simplified way, that the committee reduced the pace of interest cuts this year 🟥 Jerome Powell: • Currently, it is not possible to know whether high interest rates will return to their historically low levels before the Corona epidemic or not. • The US Federal Reserve is prepared to keep interest rates high for a long period, as long as this is necessary to achieve the inflation target. • Inflationary pressures have calmed significantly, but inflation is still high and above its target. 💥 Jerome Powell: • We do not have a specific date for reducing interest rates, and when we are confident that inflation returns to its target, we will take a decision to reduce interest rates. 👈 In short: • The US Federal Reserve frustrated the optimism of those waiting for an imminent rate cut. 🔴 It's over.Comment: Now price action , Asian session might be interesting i might send a potential sell or buys in Gold or GJ Here guysTrade active: Buys Gold : Entry 1 : 2317 SL : 2305 TP 1 : 2325.24 TP 2 : 2331.578Trade active: 40+ pips running bois Secure AND BE and let the Candles print go sleep " SET & Forget now "Trade active: BE HIT , see you in london session guysComment: 🌟 The two most important points for every investor: 1️⃣- In times of crisis, do not be afraid and sell at a loss. 2️⃣- Crises are a time to buy, not a time to sell.

Analyzing the provided gold (XAU/USD) chart on a 4-hour timeframe, here are the potential scenarios based on the CPI data release: 1. *Positive CPI (Higher than expected inflation):* - *Interest Rate Hike Likely:* If CPI data is positive (indicating higher inflation), the Federal Reserve might consider raising interest rates to combat inflation. This scenario can lead to a strengthening US dollar and typically puts downward pressure on gold prices. - *Price Movement:* - *Key Level to Watch:* If gold price closes below the current support level of approximately 2,290.390, we can expect a downward movement towards the next support levels of 2,278 to 2,265, as marked on the chart. - *Technical Indicators:* The chart shows clean traffic below this level, suggesting potential for a more significant drop if this support breaks. 2. *Negative CPI (Lower than expected inflation):* - *Interest Rate Hike Unlikely or Rate Hold:* If CPI data is negative (indicating lower inflation), the Federal Reserve might hold off on raising rates or even consider rate cuts. This scenario can weaken the US dollar and generally supports higher gold prices. - *Price Movement:* - *Key Level to Watch:* If gold price closes above the resistance level of approximately 2,318.071, we can expect an upward movement towards the next resistance levels of 2,325 to 2,337. - *Technical Indicators:* The chart indicates clean traffic above this level, suggesting potential for further gains if this resistance is broken. *Scenarios Summarized:* - *If CPI is positive (high inflation):* Gold price could drop below 2,290.390, targeting 2,278 to 2,265. - *If CPI is negative (low inflation):* Gold price could rise above 2,318.071, targeting 2,325 to 2,337. In General im Bearish with Gold , i think gold might Drop way more But Not for long i'll explain why after posting i'll share some News that may help , i dont take trades based on News unless its confirmed those news might be wrong or right

Market analysis • Rising Dollar Index (DXY) above 104 makes gold more expensive for foreign buyers. • Non-farm payroll data exceeding 200,000 could push gold prices below the 50-day moving average support. • Uncertainties like geopolitical tensions and potential stock market crash could reignite gold's safe-haven appeal. 📈Gold Prices Pull Back, US Jobs Data in Focus Gold prices dip after a recent surge, weighed down by a strengthening US dollar and investor anticipation surrounding key US jobs data. This data, due later this week, could influence the Federal Reserve’s monetary policy decisions, impacting the attractiveness of gold as an investment. 📉A Resurgent Dollar Dampens Gold’s Appeal The US dollar has found its footing after a period of weakness. This is reflected in the Dollar Index (DXY) rising above 104. A stronger dollar makes gold more expensive for foreign buyers, reducing demand and exerting downward pressure on prices. 💵US Jobs Data: Key Catalyst for Gold’s Direction The upcoming release of US jobs data, including Wednesday’s ADP employment report and Friday’s non-farm payrolls data, is a critical factor for gold investors. Strong job numbers could signal a robust US economy, potentially deterring the Fed from cutting interest rates. This scenario would weaken the appeal of gold as a haven asset, potentially pushing prices lower. Analysts suggest a non-farm payroll figure exceeding 200,000 could trigger a further decline in gold prices, potentially breaching the $2,333.95 support level. Forecast: A Cautious Balancing Act The near-term outlook for gold is uncertain. While technical factors offer some temporary support at the $2,333.95 level, the direction hinges on the upcoming US jobs data. Strong data could trigger a price decline, while weak data could lead to a rally back towards recent highs. Overall, a neutral to slightly bearish bias is emerging in the short term. However, gold retains the potential to regain its footing if global uncertainties or a stock market downturn fuel safe-haven demand. Traders should closely monitor the release of US jobs data and subsequent Fed policy pronouncements. A data-driven approach will be crucial for trading the near-term volatility in the gold market.Comment: Extra news : ( Help me to reach this post 1k view guys ;) ) 🔴In just forty years, US debt has risen from $1 trillion to $35 trillion • With a staggering increase of $3 trillion in the past year alone • Gold prices are closely linked to US government spending. • With the increase in US debt, gold tends to rise strongly. • If the US government continues to increase debt at this rate, we will see huge rises in gold prices. 🔴 Federal Reserve in Cleveland: Inflation may take at least 3 years before returning to target. 🔴 World Gold Council: Net purchases by central banks increased to 33 tons in April. 🔴 Urgent: • US Treasury Secretary Janet Yellen said that we have seen an increase in exports to Russia from China, including dual-use goods that can be used to assist the Russian military. 🔴 Fitch: An increase in defaults on #commercial real estate loans in 💥 Deutsche Bank: The US Federal Reserve may cut interest rates once in 2024.Trade active: Jumped on Buys off the rip Entry : 2337 SL : 2328 TP :2349Trade active: 50+ PIPS RUNNING GOLD BUYSTrade active: 80 PIPS SECURING 80% & BE ONTrade active: NEWS CAME Negative " Same numbers Final PMI " ISM PMI in 10 MINUTES " Still holding GOLD BUYS

🔴 Here are the most notable developments: • Many statements by Federal Reserve members were issued during the week, giving the dollar support in the market in general, or at least preventing it from falling further. • Including the statements of Federal Reserve member Loretta Mester, who said that a one-time drop in inflation will not encourage us to reduce interest rates early, but rather they need to wait longer. • Markets move in a dull, horizontal movement in light of weak liquidity and the absence of any important economic data. • Gold is declining, but hovering above $2,400 per ounce. • Today, investors are awaiting the release of the existing home sales statement at 5:00 Saudi time and the Federal Reserve minutes at 9:00.Trade active: Just to let you know guys im in Position Buy at : 2407 - 2405 -2410 and i wanna add at 2395-2397 if price reach that key levelTrade active: Closing half lots in loss

As of May 2024, the inflation rate in the USA is around 3.4 Despite interest rate hikes by the Federal Reserve, inflation has not been entirely tamed, and there's still concern about potential economic slowdown or recession. If interest rates continue to rise without effectively controlling inflation, it can lead to several economic consequences. High interest rates typically increase borrowing costs, which can slow down consumer spending and business investments, potentially pushing the economy toward a recession. This scenario can create a complex environment for gold prices. On one hand, higher interest rates often make non-yielding assets like gold less attractive compared to interest-bearing investments. On the other hand, if inflation remains high or geopolitical tensions escalate, gold might still see increased demand as a safe haven asset. In essence, the impact on gold prices will depend on the interplay between these factors. If inflation persists despite higher rates, and if geopolitical uncertainties continue, gold could maintain its value or even rise. Conversely, if higher rates effectively curb inflation and economic stability improves, gold might face downward pressure As conclusion we're now Still bullish with gold even with this drop i consider this as Correction wave , Impulsive Wave 3 has finsihed and now we're in Wave 4 could be Zigzag ABC waves , once we finishing this We should be ready for a new Higher Highs target which is 2483.271-2490.167 , im doing Buy Limit : & Buy limit Total Risk 4% of the day splitted on these positions , SL would be at 2368 Please guys do your own propre risk management not a financial advice Here are some of the news of yesterday : 🔴 Governor and Federal Reserve member Barr considers that the inflation reading in the first quarter was disappointing It did not provide them with sufficient confidence to ease monetary policy 🔴 Barr from the Federal Reserve: Inflation data are disappointing and insufficient to ease monetary policy. 🔴 Federal Reserve Bank Chairman Cleveland Meister: Inflation will decline, witnessing fewer than three interest rate cuts in 2024.Trade active: Im Entering in Sells NOW GOLd TP1:2421.995 TP2:2419.334 TP3:2414.890 TP4 :2409.589 SL : 2434.19Trade active: Closed in profit , Since this could be retest to drive up , 4H is soo scary :)Comment: 🏛 Fed Waller: He needs to see several more months of good inflation data before he feels comfortable supporting policy easing.Comment: 🏛 Fed Governor Waller: The 10-year Treasury rate has risen, and this is where you see potential tightening effects.Comment: 🏛 Fed Governor Waller: The possibility of a recession seems to have disappeared.Comment: 🏛 New York Fed President Williams: • Improving Wall Street culture is a long-term effort.Comment: You cant tell if price gonna continue pushing up , or just comes back down and drop way far to 2400-2405 or even maybe wat further to 2397-2391

In terms of geopolitical events, like the helicopter crash involving the Iranian president, such incidents can create uncertainty in global markets. If the president died accidentally, the market reaction might be moderate, reflecting general instability concerns. However, if it were discovered he was killed intentionally, this could escalate tensions significantly, potentially causing a sharp rise in gold prices as investors seek a safe haven. Regarding interest rates, their impact on gold prices is significant. If interest rates are cut, it usually makes gold more attractive because lower rates reduce the opportunity cost of holding non-yielding assets like gold. Conversely, raising rates can decrease gold's appeal. If rates are kept the same, gold's movement will likely hinge more on other factors like geopolitical events and overall market sentiment. For this week, if geopolitical tensions in Iran remain high and there's speculation around interest rate cuts, we might see gold prices continue to rise. However, if these tensions ease and interest rates are expected to remain stable or increase, gold prices might stabilize or even decrease slightly In Summary i think Monday - Tuesday gonna be the bottom wick of the new weekly candle its gonna be complex correction for gold , i suggest to not trade and search for long position at 2396-2392 Soo right now im short for the shortterm thats my analysis , Stay safe guys dont overrisk and good luck i will update for anything newTrade active: Took Short Position right at Red line Fibbonacci 261.8% ( 2440.317 ) Gl guysTrade active: Secured 50 pips But closed 50% and BE hits im out of trading today geopolitical news , President might be dead with the crewComment: No one Survived from Helicopter Crash of the iranian president , Gold is droping but guys becareful this aint smelling goodComment: Weekly Timeframe looks we're heading to 2456.357-2470.400 , Gold with Geopolitical tensions & Probability of cutting interest rate , makes it super strongComment: Well guys too many reasons why gold is pushing , Geopolitical tensions in Middle east and now Iranian president died , especially after a fight happend between Israel & iran last geopolitical conflict if you remember , Soo if the things in my mind are true which is President got killed by Mosad then GOLD wont stop for pushing in the long term , We have in the other side the Fed reserve Rate cuts possibly next meeting or could be in next month ( June ) soo in all the cases gold is pushin we just want a good position for buys entry thats allComment: Quick update : Red fibs final : target 2458.164 Wave 3 of elliot waves should be completed right thereComment: 🔴 Here are the most notable developments: • The plane of the Iranian President and his Foreign Minister crashed after they returned from their visit to Azerbaijan. • After 16 hours, Iran announced the martyrdom of the President, the Minister of Foreign Affairs, and all their companions. • Immediately upon this announcement, gold rose strongly to levels of $2,450 per ounce, while oil prices rose again to levels above $80 per barrel. • Now we must focus on only one thing, which is how the plane fell and was it intentional? ⚠️ If the plane crash was intentional and accusations were leveled against Israel or any foreign country, then we will witness very large increases in the prices of gold and oil. 👈 Today there are no important economic dataComment: 🔴 Gold is at $2,413 per ounce after recording a new historic peak above $2,450, with increasing expectations that the US Federal Reserve will cut interest rates next September...and silver is retreating from its highest levels in 11 years.Comment: Governor and Fed member Barr considers that the inflation reading in the first quarter was disappointing It did not provide them with sufficient confidence to ease monetary policyComment: how do you rate my analysis guys , what you think leave a comment please or feedbackComment: 🔴 Federal Reserve Bank Chairman Cleveland Meister: Inflation will decline, witnessing fewer than three interest rate cuts in 2024.