FxMarketStrategy

Gold is about to finish correction and Shine again

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hello Guys,

Market is pricing 6 rate cuts and feds are signaling 3 , ok, what is the consequence of this?

Simply the #US10Y and #US30Y will rise temporarily or don't fall as fast as the market anticipated.
As traders, how can benefit from this?
1. DXY will slightly rise, as haven = Sending Some pairs down, This is good high to short DXY.
2. US10Y will rise sending gold down, this is good bottom to buy long Gold.

The good news is, this won't last, DXY will fall again, and US10Y will also crash
So, Gold will shine fast, once the yeilds starts to drop.
As well Stocks and Indices, and the whole market will shift to Risk-on mode.

So, we can start considering building long positions in Gold, and watch 2000 and 1980 levels in the support side, and 2030 then 2050, and 2070 on the resistance side.

However gold is going 2300 Dollar in 2024, and 2500+ in 2026 so focus on long Gold.

If you find this simple and useful, follow to get more updates, thanks

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