M. Abdullah Shaikh

Forever student of financial markets.

Sharing Market Insights, Trade ideas, Facts, Tips & True Reality of Trading.

[M. Abdullah Shaikh @sheikh805]

@nilxbh That was a reaction from a trader who love this game 😍👌💯

[M. Abdullah Shaikh @sheikh805]

Tensions rising? SoH closed again?

To validate this thesis that market is pricing in renewed inflation fears,

-Oil needs to hold above 75-76
-DXY holding above 100.2
-US10Y yield to break above 4.6%

If not? Don't bet against price, because price never lies...!!!

[M. Abdullah Shaikh @sheikh805]

@AnantaSumantera He will come and say "No forward guidance" 😅

[M. Abdullah Shaikh @sheikh805]

@ZakaWaqar @realDonaldTrump He really cares? Or he is just being corrupt enough to boost his close circle and his own wealth through stock market gains? (Insider trading). I think its all about greed and corruption.

[M. Abdullah Shaikh @sheikh805]

@usman2006929 Next time, kindly translate this information into chart and attack that chart with your analysis.

[M. Abdullah Shaikh @sheikh805]

👏👏👏

[M. Abdullah Shaikh @sheikh805]

👏👏👏

[M. Abdullah Shaikh @sheikh805]

XAUUSD buys smashed. 1200 pips yesterday and 400 pips today.

But don't fall for it, took 3 losses earlier this week due to poor timing. And that's the part of the process. You have to accept losses as business costs and keep executing as per your plan (not randomly).

[M. Abdullah Shaikh @sheikh805]

PCE and core PCE Y/Y data right at forecast while GDP remains resilient coming above forecast.

I will be positioning for short term buys on gold and sells on dxy into new daily candle.

[M. Abdullah Shaikh @sheikh805]

Tomorrow is US bank holiday. So closing the week early.

Enjoy your weekend. And come back stronger on sunday eve, more sharper and more prepared.

[M. Abdullah Shaikh @sheikh805]

Closed today's gold buys at 4100, due to UER coming below prior. Which according to me, could have add onto mixed sentiment.

But market participants slash rate hike expectations as NFP came way below prior and forecast coupled with weaker Jolts and ADP data this week.

[M. Abdullah Shaikh @sheikh805]

XAUUSD buys smashed. 1200 pips yesterday and 400 pips today.

But don't fall for it, took 3 losses earlier this week due to poor timing. And that's the part of the process. You have to accept losses as business costs and keep executing as per your plan (not randomly).

[M. Abdullah Shaikh @sheikh805]

Weekend summary:

Weekend starts: US attacks on Iran, and then as usual Iran retaliates by attacking US bases in neighbouring countries.

Weekend ends: US Iran agreed to halt attacks and continue their talks based on MoU

Focus back on inflation, monetary policy, US jobs data.

[M. Abdullah Shaikh @sheikh805]

Nice pullback moves on gold to close the week as momentum from yesterday continues ✨

See you guys next week with main focus will be on US jobs data✅

[M. Abdullah Shaikh @sheikh805]

Seriously understanding of fundamentals and market sentiment, allows you to look market from completely different level and perspective.

[M. Abdullah Shaikh @sheikh805]

Michigan Consumer Sentiment final data shows improvement from prior but missing slightly from forecast of 50.0

Interestingly, inflation expectations of near term and long term also declines which will add onto gold short term buys and dxy bears going into nexe week.

[M. Abdullah Shaikh @sheikh805]

Nice pullback moves on gold to close the week as momentum from yesterday continues ✨

See you guys next week with main focus will be on US jobs data✅

[M. Abdullah Shaikh @sheikh805]

PCE and core PCE Y/Y data right at forecast while GDP remains resilient coming above forecast.

I will be positioning for short term buys on gold and sells on dxy into new daily candle.

[M. Abdullah Shaikh @sheikh805]

Seriously understanding of fundamentals and market sentiment, allows you to look market from completely different level and perspective.

[M. Abdullah Shaikh @sheikh805]

How narrative can shift the understanding of the data.

Today PCE data came above prior (confirming rising inflation trend).

But due to the data being right at forecast (at which markets already adjusted), interpretation was totally different.

[M. Abdullah Shaikh @sheikh805]

How narrative can shift the understanding of the data.

Today PCE data came above prior (confirming rising inflation trend).

But due to the data being right at forecast (at which markets already adjusted), interpretation was totally different.

[M. Abdullah Shaikh @sheikh805]

PCE and core PCE Y/Y data right at forecast while GDP remains resilient coming above forecast.

I will be positioning for short term buys on gold and sells on dxy into new daily candle.

[M. Abdullah Shaikh @sheikh805]

Tomorrow PCE data will be make or break in a sense that it will indicate to either continue Fed hawkish pricing (DXY bulls, gold bears) or a relief rally on gold from demand zone 3950-4000 and pullback on DXY from 101.8-102 supply zone.

P.S: Price tapped DZ on Gold and SZ on DXY

[M. Abdullah Shaikh @sheikh805]

Tomorrow PCE data will be make or break in a sense that it will indicate to either continue Fed hawkish pricing (DXY bulls, gold bears) or a relief rally on gold from demand zone 3950-4000 and pullback on DXY from 101.8-102 supply zone.

P.S: Price tapped DZ on Gold and SZ on DXY

[M. Abdullah Shaikh @sheikh805]

@Capital_Hungry Tomorrow's neutral-softer PCE could be the trigger as its look like (from recent moves) that market is pricing in aggressive rate hikes. And we know how market aggressively unwinds as well lol.