JasonNOTStatham:
Market MOVERS are you pumping or dumping? 1 minute to go

Davigled:


Bossmi there's public holiday in the US today, market might be range bound

Petah:
financial juice dot com
please note, i only use it as additional confluence to my technical analysis. not my main source for prediction. remain bless

EASYLIFE4US:

Ok thanks

Davigled:
In my humble opinion, I believe gold is bullish on both the monthly and weekly timeframe, that's the longer term perspective, but on the short to medium term perspective, (daily and below) it's bearish. this is because it is certain that the Fed are going to cut rates this year, this is bullish for all risk asset class, but the questions remains when will the Fed start cutting rates? no one knows except the Fed, and the Fed has continuously stated that they will cut rates only after they are fully convinced that inflation in the US is consistently on the path to their 2% target. last week CPI and other inflation data spiked up after a period of decline, this has spark worries of inflation being sticky, I.e struggling to decline towards the Fed target. As long as inflation is still hot and the US economy remains buoyant especially the labour market, the Fed won't cut rates. This is the narrative that gives strength to the dollar. Why is it bearish for Gold, remember that gold is a safe haven and also a risk asset, and it's demand tends to rise in periods of economic recession and geopolitical tensions, and other black swan events in the market, so its demand always rises when there's trouble in the financial market due to fear uncertainty and doubt (FUD) but as long as the global economy is still performing well, the demand for gold will be low, hence bearish market for gold, US economy is still the largest economy in the world and makes up a large portion of the global economy, and yet it's still really strong compared to her rivals, there's no need for investors to be afraid or any reason for investors to put their investments into safe haven assets. So Dollar bulls until the Fed start cutting rates....

XAUTrader4L2:



Nice take, just that the global economy is not doing well. Japan and UK just officially entered a recession and US own is coming. What people are looking out for now is inflation and rate cut and from the last CPI, expectations of rate cut has significantly reduced especially for the March FOMC. This in turn will fuel the dollar and put a pressure on gold. We will know more about rate cut either the June or July meeting.

Donsheddy:
E no easy ehhhhhhj

Donsheddy:
E no easy ehhhhhhj

Emmizay12:


You can see an unprofitable and unserious trader just by his statements, sorry to say but you're in forex for entertainment, you're not here to secure the bag

All na cruise try dey rest.

Donsheddy:
E no easy ehhhhhhj

peteregwu:
If you are trading and you yet to be consistent in making profit, don't kill your account by overtrading or using huge lotsize. Take it down to 0.01 - 0.02 so that it won't affect your equity when you are on a losing streak. Until you see yourself making consistent wining streak every week....that's at least 70% more than your losses, then you can start gradually increasing your lotsizes. But before you start making consistent winnings, ensure you must have dealt with demo account before jumping into live. But if you still prefer the live account when you are not consistent, then take it down to the least lotsize or else, you will see yourself messing with your equity all the times.

boom99:
Selling eurgbp should do at least 10pips

EASYLIFE4US:
I just bought eurnzd, trade at your own risk, dis 2024 I no go gree for any broker

boom99:

SL hit. Tight SL. Entered again

Davigled:
first trade of the week,
Gold buy limit at 2022
SL at 2017
TP at 2032
RR is 1:2
Seeking IRL to ERL
let's see how it goes

peteregwu:
On NZDCAD, I look forward to a drop to 0.80642 that's about 200+pips.

DXYY:
Just lost my the5ers account, last month and this has been tough but we keep learning.

GabsonFX2:
I've been super busy with some advanced offshore trainings which ended today; but then again, joining my vessel tomorrow, hence, busy schedule continues tmao.

Attached is my running trades on my $100K funded account with IFF. My goal is between $20K - $25K profit before withdrawal. Although in profits rn, I will wait till Thursday to close all the trades.

Shalom!

Davigled:


Buy limit deleted price almost at tp on gold

US30 sell at current price

SL 50 pips

TP 160 pips

Davigled:


Hard luck bossmi, better luck on your next or other accounts