XAUUSD: Optimistic in the face of big changes

Not only Fed officials, financial experts around the world have recently made shocking predictions. JP Morgan CEO Jamie Dimon warned on Bloomberg TV that interest rates in the US could increase from 5.5% to 7%, the highest level in 33 years. This means, the Fed will have to raise a total of 150 percentage points more.

He said that public spending in the US is currently at a record level and the budget deficit is also very high. Therefore, inflation will be high and will force interest rates to increase.

If US interest rates stay at a record high and persist, gold may continue to decline even though the peak consumption season in Asia is coming.

Comment:

XAUUSD BUY 1820 - 1818

TP1: 1824
TP2: 1828

SL: 1815

Comment:

Gold fell mainly because the USD soared to a 10-month peak. The DXY index at the beginning of the trading session on October 3 (US time) continued to stand at a very high level of 107.15 points. In the previous session, this index had a breakthrough from above 105 to above 106 points. This is a very high price compared to the 100 point threshold in mid-July.

Comment:

Running +20pips

Comment:

+30PIPS . MOVE SL TO ENTRY

Comment:

XAUUSD BUY 1816 - 1818

TP1: 1822
TP2: 1825

SL: 1812

Trade active:

Running +20pips

Trade active:

HIT TP1. +70 PIPS