USD/JPY made new hig...من Kary_K

USD/JPY made new highs after a flurry of Bloomberg news that indicated that the Bank of Japan will stick to its current policy next week: - now does not consider it necessary to act in the issue of control of the yield curve - the bank considers maintaining soft monetary policy important for achieving inflation targets - BOJ still unsure about hitting price targets consistently

تم التحرير 25 Jul 2023, 02:00

إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.

The gold market is in uncertainty. Recently, uncertainty has taken over the market. There are now more than enough uncertainty factors after the publication of the August employment report in the United States, judging by which, the Federal Reserve System (FRS) will not raise interest rates on September 20, but will not rule out the possibility of one more, and maybe two rate hikes before the end current year. The market now needs to get out of this same $15 wide range to get a new direction. The bears definitely need to achieve a breakout below the $1,915 support, while the bulls need a clear break above the $1,930 resistance. Of course, there is no doubt that gold will go up. Necessarily. Only after it goes down.

Kary_K

Hello everyone! Bulls and bears seem to have agreed on gold. It would be more correct to say that we did not agree, but rather decided who would play the ball. The bulls tried several times, but they couldn’t do anything other than just reach. At the moment, we have a breakdown of the 1915 level and something similar to an attempt by the price to return to the broken level. My subjective opinion regarding further developments is that the decline will most likely continue. Personally, I will open a sale right below the last low in the area of 1907. For now, I plan to close the deal at the low of the end of June in the area of 1890.

Kary_K

Remember yesterday that she boasted that she opened a sale on gold? You can gloat a little - I'm in a drawdown). The situation is certainly not critical, but quite unpleasant. I don't always stop. It happens that if I see a drawdown, then I open a position in the opposite direction and the loss is not so large, and then when (and if) a movement begins in the direction of a losing trade, then I open in better conditions. I didn’t do anything extra here. So far there is only one trade with a loss. For now, I still think that the downward movement will soon resume. From the technical point of view, I noticed that level 1930 was tested once again, and it doesn’t seem to be amenable. Have a good weekend. Bye bye!!!

Kary_K