FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Let 's see her.
Trade active: It is nearly drop near TP1 1242 and swing up again at 1247.97
Before NFP ,I take some partial profit and hold some positon to Breakeven

Trade active: TP1 reach
and move sl to 1246.6
Trade closed: stop reached: Price meet our SL at 1246.6
c u next trade
Congress has what, one or two days to pass the tax cut plan for Americans? Which ever way THAT goes, stocks bonds and Gold will react accordingly, and I suspect by quite a lot. In other words, a good time for straddles, but to remain flat until announcements.
The Fed will drive it lower, the only question is WHEN and how much. How much is a given; its however much it takes to create an extreme rally in the stock market; a blow off top. The deep state wants to crash the dollar to bring in their new world order. They are fighting against Trump because Trump, all political opinion aside, is doing the ONE THING that can save America; bringing investment capital HOME from overseas. Right now Germany is suffering loss because of Trump doing just that, and they are sceaming about it too (those in the know).

All these doom and gloomers have been predicting a crash every year and they have been wrong because their perceptions are wrong. They cite the quantity of money being printed as the REASON WE MUST HAVE HYPER-INFLATION and a crash of the dollar, but fail to realize how America has exported that inflation to other nations to prevent that. It is the abundance or lack of INVESTMENT Capital that drives growth or causes a crash, not the amount of dollars printed, or even created electronically. It is not a major correction in stocks that will signal a crash, but extreme confidence, hyper investment and a blow off top in stocks that shall. That means the FED MUST drive the perceived value of Gold DOWN, Down, DOWN. Trump bringing Capital home could thwart the deep state, and THAT is why they want him defeated on both sides of the aisle. "We The People..." threw a wrench into their gears by electing Trump, an outsider from the deep state, a businessman not an academic idiot nor a politician. He KNOWS that bringing Capital home by incentiving that with a tax break will work. He is correct. The deep state KNOW that he is correct too.

So I think you are wise to watch Gold. Even Bonds too, believe it or not. And STOCKS. Though I would never buy any stocks, or bonds. Its all a scam of perceptions, but there are opportunites to trade for a living in the midst of it if one can remain objective, and know the truth.

Good luck to you sir!
theoris Melchizedek
@Melchizedek, Thank you for a lot of precious comment.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out