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Hope your learnt something new in trading...how events impacts markets.
โค 18๐ 8๐ข 1
๐ค๐ค JOLTS Job Openings โ Impact on Gold
โก๏ธ The latest JOLTS report came in at 7.18M, weaker than both the forecast (7.38M) and the previous reading (7.44M).
๐ What does this mean?
- Fewer job openings suggest a cooling U.S. labor market.
- A softer labor market increases the likelihood of Fed rate cuts, as the central bank prioritizes economic stability.
- Lower interest rate expectations usually weaken the U.S. dollar and Treasury yields.
โจ Impact on Gold
โก๏ธ This is bullish for gold. As the dollar loses strength and yields drop, investors typically shift capital into safe-haven assets like gold. Expect gold to gain momentum if this trend continues, especially ahead of Fridayโs Nonfarm Payrolls.
โค 22๐ 8๐ข 1
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Looks like $BTC hasnโt crossed the $112k resistance yet.
If it...
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โค 13๐ข 1
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THE SIGNS ARE CLEAR, COULD THIS BE THE START OF...
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๐ 14โค 3
3526 hit huge profit from sell zone. Today's free call enjoy.
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A whale just shorted 3,000 $ETH worth $12.9M ๐ฑ
He used...
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๐ฅ 12โค 4
Gold scalping
Sell zone 3537-3534
Buy zone 3522-3524
๐ฅ 33โค 14๐ 10
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๐จ BREAKING ๐จ
๐ฎ๐ณ India is number one in the world...
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โค 32๐ 2
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๐จ INCOMING VOLATILITY ๐จ
๐บ๐ธ Trump says there will be an...
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๐ข 13๐ 4โค 1
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Falooda khane ka Maan kar raha tha...
โค 41๐ 14๐ข 6
๐ - The charts clearly highlight the inverse relationship between the U.S. Dollar Index (DXY) and Gold (XAUUSD).
๐น On the Gold chart, we see a strong rally โ price surged upward with solid bullish momentum.
๐น At the same time, the DXY chart shows a sharp decline โ the dollar weakened significantly.
๐ This is no coincidence. Gold is priced in U.S. dollars, so when the dollar loses value, gold becomes cheaper for global investors, boosting demand and driving prices higher. Conversely, when the dollar strengthens, gold typically faces downward pressure.
โ What happened here is a textbook reaction:
- Weak dollar = Strong gold.
- The PMI data released earlier added pressure on the USD, pushing DXY lower.
- As a direct response, gold skyrocketed as traders shifted capital into safe-haven assets.
๐ The takeaway is simple but powerful: Always watch DXY when trading gold. The two move like opposite sides of the same coin, and understanding this correlation gives traders the edge to anticipate big moves before they happen.
โค 38๐ 9
$BTC aur #Altcoins jab Fed rates cut karega ..๐๐
#open4profit...
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๐ 14๐ข 4๐ 2
This week in first 2 days $8k+
๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
Tomorrow will make $5k
โค 19๐ข 2
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โก๏ธโก๏ธโก๏ธโก๏ธโก๏ธโก๏ธ๐ฅ๐ฅ
REMINDER : We'll have BIG news in short time! For those who're holding a position can reduce or use stoploss for safety โ ๏ธ
โค 18
๐๐๐๐ISM Manufacturing PMI
Previous: 48.0
Forecast: 49.0
Actual: โ
โก๏ธ Summary:
โ๏ธ Better-than-expected PMI โ USD up โ Gold down.
โ๏ธ Worse-than-expected PMI โ USD down โ Gold up.
โค 13
Repost from Open4profit
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โค 14๐ข 2
