aslamsulleman
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aslamsulleman
SCENARIO 1 (sells)Gold is in a bullish momentum, so the current bearish move in conjunction with the trump tariffs shouldhave us see a good retest zone back to the upside with continious bad news occuring in the USRecent high impact events have been in the red (when you see a red number that means that the release of certain data was lower than what was expected)In the upcoming weeks, we have the Standard & poors global manufacturing PMI and the S&P Global services PMI with the consensus foreach to be 51.9 and 51.2 which is accounting for a drop in the S&P Manufacturing PMI but a 0.2 % increase in the S&P global services PMIfor beginners, understand that these are economic indicators to show people how a courntries economy is doing with Manufacturing PMIleading towards the production of goods in the US.Now I believe that both actual results when released will be negative due to the fact that the current tariff hits have been hurting the US.This will lead to a bearish market open on the Nasdaq and US30 indices and a buy on gold.Why this is so is a lower number than the consensus (the consensus refers to a healthy number for the economy to "be at" for that month) meaninga lower result than what they have put will lead to a brief economic panic with investors taking sells on their postitions on the top 30 and 100 businesses(nasdaq and US30) and the further sells on the US market from retail investors will cause a greater bearish move on Monday.Now the reason why Gold goes up is because it is a security, safe haven for investors. When Investors take their cash out of their stocksand when their is more economic stress then there will be more reason to invest into a safe commodity like gold.More news to note is the tesla stock crash which is a driving factor of the current losses in the Nasdaq and the S&P and the Dow jones. The upcoming tariffs willsee a downturn in the market.Now that is my bet, we need to add these fundamentals in with perfect technical anlysis entry pointsSCENARIO 2 (buys) For buys everything oposite to the sells will occur meaning that if a positive number above consensus happens then there may be a brief period of buys
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