Is the US going to default on its debt? What will gold do
Faith in the direction of a wave of market judgment is not based on the market itself, but faith in your own judgment, faith in your own experience.
On Wednesday, US President Joe Biden and congressional leaders held a meeting for more than an hour on the issue of the debt ceiling, facing the market shock of default, or not to open the valve of setting the debt ceiling. There is still controversy.
Now, Biden and McCarthy are at loggerheads over the debt ceiling, with negotiations now delayed until Friday, May 12, with McCarthy opposing a stopgap measure to extend the debt ceiling through Sept. 30. The failure of Bank of America some time ago was an example of credit failure. Now the debt ceiling cannot be extended, or there is no ceiling, which would cause panic in the markets.
Meanwhile, the US cpi came in at 4.9% in April, falling for a decade and below expectations of 5%. The cpi is also an important indicator of future interest rate hikes by the Federal Reserve. Now, the likelihood of future rate hikes has lowered some expectations. But that's not the only prerequisite, and the methodology of whether or not there will be a big hike is dynamic, not set in stone, regardless of what Powell has said before.
Gold, on Wednesday intraday hit $2048 / oz, then experienced a deep correction, fluctuating between $2048 and $2022, the average daily demand for gold correction is large, cpi data is the key to affect the interest rate hike expectations, but also a big driving force for gold price volatility, Us initial jobless claims for the week ended May 6 are due today (May 11) at 242,000. The market is expecting 245,000 this time, not much. If they appear above or below, then gold could continue to fall. Data is held in a range until it is released.
Gold strategy: Gold first hits 2024-2020buy losses in 2014, TP 2035-2040, while first hits 2038-2040 sell SL 2051, target 2025-2020.
On Wednesday, US President Joe Biden and congressional leaders held a meeting for more than an hour on the issue of the debt ceiling, facing the market shock of default, or not to open the valve of setting the debt ceiling. There is still controversy.
Now, Biden and McCarthy are at loggerheads over the debt ceiling, with negotiations now delayed until Friday, May 12, with McCarthy opposing a stopgap measure to extend the debt ceiling through Sept. 30. The failure of Bank of America some time ago was an example of credit failure. Now the debt ceiling cannot be extended, or there is no ceiling, which would cause panic in the markets.
Meanwhile, the US cpi came in at 4.9% in April, falling for a decade and below expectations of 5%. The cpi is also an important indicator of future interest rate hikes by the Federal Reserve. Now, the likelihood of future rate hikes has lowered some expectations. But that's not the only prerequisite, and the methodology of whether or not there will be a big hike is dynamic, not set in stone, regardless of what Powell has said before.
Gold, on Wednesday intraday hit $2048 / oz, then experienced a deep correction, fluctuating between $2048 and $2022, the average daily demand for gold correction is large, cpi data is the key to affect the interest rate hike expectations, but also a big driving force for gold price volatility, Us initial jobless claims for the week ended May 6 are due today (May 11) at 242,000. The market is expecting 245,000 this time, not much. If they appear above or below, then gold could continue to fall. Data is held in a range until it is released.
Gold strategy: Gold first hits 2024-2020buy losses in 2014, TP 2035-2040, while first hits 2038-2040 sell SL 2051, target 2025-2020.
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The signals we gave today were exactly right, today we sold gold in 2036 and then closed the trade in 2022 and finally bought gold in 2022 so far we have reached 2035 and made a profit again.
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If you missed out on buying gold in 2024, don't miss out on selling gold in 2040. My signal has been very clear, take advantage of the opportunity!
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We sold in 2040 and now gold is at 2034 again and we're making a profit again.
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I have told you more than once that if you miss the opportunity to buy gold in 2022 today, you must not miss the opportunity to sell in 2040. Moreover, my article clearly tells you that gold will fall to 2015 today. Now you can see that gold has come to 2012, and we have gained profits of at least 30 dollars. Account profit can reach more than 100%.
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The trading signals we gave today were perfect. Gold hitting 2012 gave us a great buying opportunity. We bought again
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The trading signals we gave today were perfect. Gold hitting 2012 gave us a great buying opportunity. We bought again
Trade active:
Today, my strategy is very clear to tell you how gold will run, even grasp the high and low points is very accurate, and our execution is very good, so we got 200% profit today is a matter of course, let's continue to work hard. I hope my content will help you learn more and earn more money
Trade active:
Today, my strategy is very clear to tell you how gold will run, even grasp the high and low points is very accurate, and our execution is very good, so we got 200% profit today is a matter of course, let's continue to work hard. I hope my content will help you learn more and earn more money
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Gold 2001buy tp2025-2032 now
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The gold orders we bought in 2001 have started to profit and are currently quoted at 2015
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The trade we bought in 2001 is approaching our first target 2025. Congratulations to those who followed us. We made at least 400% in two days, if you have $10,000 then you have made $40,000.
Trade active:
The trade we bought in 2001 is approaching our first target 2025. Congratulations to those who followed us. We made at least 400% in two days, if you have $10,000 then you have made $40,000.
Trade active:
The trade we bought in 2001 is approaching our first target 2025. Congratulations to those who followed us. We made at least 400% in two days, if you have $10,000 then you have made $40,000.
Trade active:
The trade we bought in 2001 is approaching our first target 2025. Congratulations to those who followed us. We made at least 400% in two days, if you have $10,000 then you have made $40,000.
Trade active:
You can see that all the signals I give are 100% accurate, which is what I'm good at. I will help you achieve rapid profits, far beyond your imagination. Today we bought gold in 2008, closed the trade in 2020, then sold gold in 2020 and are now making a profit again. Then I'll wait for the next opportunity, and maybe I'll give away the next trading signal for free, like I did last week
Trade active:
You can see that all the signals I give are 100% accurate, which is what I'm good at. I will help you achieve rapid profits, far beyond your imagination. Today we bought gold in 2008, closed the trade in 2020, then sold gold in 2020 and are now making a profit again. Then I'll wait for the next opportunity, and maybe I'll give away the next trading signal for free, like I did last week
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gold2006 buy tp2030-2035
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Today, we bought gold in 2002 and 2006. When gold reached 2015, we gained a very good profit and continued to maintain a 100% trading win rate. Congratulations to all my friends who have followed me
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Today, we bought gold in 2002 and 2006. When gold reached 2015, we had a very good profit. Then sold gold again in 2001 and closed the trade in 1985, and continued to maintain a 100% win rate. Congratulations to all my friends who have followed me
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gold1983-1984buy tp2000-2005