gold price made bottom on November fomc 75bs hike than top on February 25bps hike
that abc trend has made correction and fed is heading towards rate pause
than inevitable rate cut into 2023 speculation start which will push gold higher above $2000
buy the rumor - fed will cut rate in 2023 which has no possibility after fed recent comments this week
sell the news - when fed officially do his first rate cut in September or December fomc 2023
buying at current price 1810 and more on sl hunting below last low 1804
target $2000
that abc trend has made correction and fed is heading towards rate pause
than inevitable rate cut into 2023 speculation start which will push gold higher above $2000
buy the rumor - fed will cut rate in 2023 which has no possibility after fed recent comments this week
sell the news - when fed officially do his first rate cut in September or December fomc 2023
buying at current price 1810 and more on sl hunting below last low 1804
target $2000
Comment:
taking 90% profit today at 1990 after fed started swap line
this is central bank panic sign to me. soon market should panic
wait for big correction
this is central bank panic sign to me. soon market should panic
wait for big correction
and gold is up