https://www.tradingview.com/x/a8U6vBHF/
News：
The Federal Reserve cut interest rates by 25 basis points as expected on Wednesday. However, to the market's surprise, Powell released an extremely hawkish signal, stating that a December rate cut is "far from a certainty," which directly caused a market crash. US stocks fell from their highs, the dollar rose, and gold and silver markets plummeted. The Fed also postponed the pause in its balance sheet reduction program until December.
This has temporarily tightened market expectations for a December rate cut, meaning that the expectation of a rate cut has temporarily failed to materialize. However, there is still more than a month until mid-December, and with fluctuations in data, expectations are likely to rise again.
Specifically:
Gold hourly chart: Today's price action was relatively volatile, with poor continuity and high deceptiveness. For example, the large bearish candle at 11:00 AM led many to believe a breakdown and weakness, following the overnight decline. However, a small W-shaped rally broke through the morning's opening price level.
[Note: For those who entered near the middle band, the stop-loss can be moved up to the cost basis for protection. That way, it becomes a risk-free position, and you can hold it with confidence.]
Trading strategy:
Buy:3965-3960, SL: 3950, TP: 3980-4010-4030
News：
The Federal Reserve cut interest rates by 25 basis points as expected on Wednesday. However, to the market's surprise, Powell released an extremely hawkish signal, stating that a December rate cut is "far from a certainty," which directly caused a market crash. US stocks fell from their highs, the dollar rose, and gold and silver markets plummeted. The Fed also postponed the pause in its balance sheet reduction program until December.
This has temporarily tightened market expectations for a December rate cut, meaning that the expectation of a rate cut has temporarily failed to materialize. However, there is still more than a month until mid-December, and with fluctuations in data, expectations are likely to rise again.
Specifically:
Gold hourly chart: Today's price action was relatively volatile, with poor continuity and high deceptiveness. For example, the large bearish candle at 11:00 AM led many to believe a breakdown and weakness, following the overnight decline. However, a small W-shaped rally broke through the morning's opening price level.
[Note: For those who entered near the middle band, the stop-loss can be moved up to the cost basis for protection. That way, it becomes a risk-free position, and you can hold it with confidence.]
Trading strategy:
Buy:3965-3960, SL: 3950, TP: 3980-4010-4030
Trade attivo
Gold prices are hovering around the $4,000 mark. What's next?Trade chiuso: obiettivo raggiunto
Gold prices hovered around the $4,000 mark after reaching the third target.
I'm Theodore, welcome to join my channel, where you can get the latest trading signals and strategy layout.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I'm Theodore, welcome to join my channel, where you can get the latest trading signals and strategy layout.
Pubblicazioni correlate
Declinazione di responsabilità
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.