Based on principles of mathematics and macroeconomics, actively seeks daily trading opportunities within intraday volatility, prudently securing modest profits.
S&P seems to be entering an adjustment phase, facing various reasons, of course. Even though people consider AI as the future of development, the brief decline is also somewhat helpful for the strengthening of the US dollar. #DXY at 104, and #gold is starting to decline.
@GlobalProTrader I just checked, and the S&P has returned to its pre-market levels. If the stock market doesn't decline, the rise in the US Dollar will likely be delayed. So, the major drop you predicted seems to be in the making. David's perspective is quite foresighted!
@GlobalProTrader As previously analyzed, the stock market appears to be entering a period of adjustment. Simultaneously, with #DXY approaching 104, as you mentioned, gold is facing pressure and starting to decline.
Interestingly, the #DXY has risen to 104. However, #gold, which had been declining since around 2022, has now halted its descent and is showing signs of an upward trend. This suggests that #gold may have been priced in advance
The interesting thing about the price is that the USD index didn't drop much, yet gold surged significantly. In such a situation, it might be better not to trade if the position is not sufficient.
#DXY#GOLD#xauusd
#gold has been fluctuating around the price of 2050, with movements tied to the USD index ranging between 102.8 and 103.8. This includes today's sudden drop, which was quickly pulled back. It seems like a deceptive move to encourage long positions. #DXY#XAUUSD#GOLD
#gold has been fluctuating around the price of 2050, with movements tied to the USD index ranging between 102.8 and 103.8. This includes today's sudden drop, which was quickly pulled back. It seems like a deceptive move to encourage long positions. #DXY#XAUUSD#GOLD
@GlobalProTrader As you mentioned, gold has been fluctuating around the price of 2050, with movements tied to the USD index ranging between 102.8 and 103.8. This includes today's sudden drop, which was quickly pulled back. It seems like a deceptive move to encourage long positions.