Gold: 'Donald Dump' The Stock Market Manipulator
Today represents a verbatim reason why I always state to focus on geopolitical issues (i.e. trade) when predicting the market - whether fake or real. We saw before our own eyes Donald Trump manipulate the market by issuing a Tweet about "trade talks" near 5am EST, only to find out by Chinese officials later in the day this was completely fabricated. To be frank, this manipulation is getting tiresome and I am surprised no one in the Media has called him out on this. Consequently, I have continuously incorporated his manipulation into my predictions and that is why largely, my predictions have been incredibly accurate.
This rhetoric will only continue as Trump forces stock market manipulation contingent on trade uncertainty to force rate cuts and to ultimately increase his chances of re-election.
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The road to 1600 will be upwards with a few retracements throughout. I deem our most significant retracement around the 1580-1585 region where the retracement will be data and news dependent. If China retaliates with tariffs, we won't retrace at all; if Trump forces fake news rhetoric we will retrace to my lower value. Etc etc.
Once we re-test 1600 twice consecutively, our road to 1700 will be rapid. We will likely reach 1700 in mid September (after the ECB cuts and after the Fed will likely cut).
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Near-term low: 1522-1523 +/- 2.00
Near-term target: 1534-1540 +/- 4.00
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zSplit
This rhetoric will only continue as Trump forces stock market manipulation contingent on trade uncertainty to force rate cuts and to ultimately increase his chances of re-election.
--
The road to 1600 will be upwards with a few retracements throughout. I deem our most significant retracement around the 1580-1585 region where the retracement will be data and news dependent. If China retaliates with tariffs, we won't retrace at all; if Trump forces fake news rhetoric we will retrace to my lower value. Etc etc.
Once we re-test 1600 twice consecutively, our road to 1700 will be rapid. We will likely reach 1700 in mid September (after the ECB cuts and after the Fed will likely cut).
--
Near-term low: 1522-1523 +/- 2.00
Near-term target: 1534-1540 +/- 4.00
--
zSplit
Trade active:
Still targeting 1580-1585 by Friday.
