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@BeSomebodyFX Have stop chasing 10pips and 5pips gain since I know about you. I now believe 500pips is possible and small account can be grown with the right knowledge. Direction is now clear
War usually boosts gold as a safe haven, but yesterday the dollar + inflation side effects won out. This bearish pattern looks like a real signal (not just noise) — watch dollar & oil closely for what's next! 💰⚠️
War usually boosts gold as a safe haven, but yesterday the dollar + inflation side effects won out. This bearish pattern looks like a real signal (not just noise) — watch dollar & oil closely for what's next! 💰⚠️
Why the reversal?
Oil spiked → inflation fears rose → Fed less likely to cut rates soon (bad for gold, which pays 0% interest)
US dollar strengthened (hit ~99, 1-month high) → makes gold pricier for non-USD buyers → demand drops
Profit-taking after a massive recent rally