April 23, 2024 at 2:00 pm
wfakhoury Amman
GOLD
Sell and add sell.TP 2328.00 Possible reaches 2344
100% Guranteed
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First reached 2328 from 2332
GOLD
2328.00 is the consolidation level.
2281.00 has been confirmed and will be reached if it stays below 2300.
Use level 2300 for the movement..above it will consolidate to 2328 below it will decline to 2281
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2328.00 Reached from 2300.
100% Guaranteed
GOLD
2328.00 is the consolidation level.
2281.00 has been confirmed and will be reached if it stays below 2300.
Use level 2300 for the movement..above it will consolidate to 2328 below it will decline to 2281
Bobby – Bloomberg The Open (Johnathan Ferro – kiss of death cheerleader). Bloomberg as soon as Chenali from Goldman is the lead (Exceptioinally strong). Bloomerg Asia – (exceptional). Cnbc – Enter the water at your own risk.
It put a smile on my face Bobby. I can’t stand that clown Johnathan Ferro on Bloomberg, it went South as soon as he became lead in the morning, all I can stand is the Asian session in Bloomberg anymore just because of him lol. Until Chenali comes on in NY proper then its great, she is former Goldman and strong. The biggest loss I ever took was following the advice of the treasuries guy on Cnbc years ago lol. Might it be advisable to listen to them but factor in imperfection?
big picture … just as June Gold futures are a top over 2400; June USD futures should decline from 106.00 and June Euro futures should rally from 1.0650, per Option Profile
With stops wiped out on the dollar and risk off the side, there is little incentive to push for these lows (or highs such as in gold and oil). Leaves a Friday whipsawed market at the mercy of thin liquidity or book squaring or any stops on the other side.
As for EURUSD, edged through 1.0665 but still within 1.06-1.07.
On gold I have a very hard time believing futures will get under 2385/90 and hold today. That is an easy buy. Dxy should easily hold 106 one would think. See Sterling holding the upside around 2450.
Yen futures are near the absolute lows tested several times this week. It would be a stretch in my opinion to justify the concept of the price to go lower under current conditions (Asian central banks verbally drawing boundary lines in the strength of their currencies-widespread volatility-geopolitical)  so the futures sustaining a bid (sell side of Usd/Jpy) is clearly dominant. So we have highly likely seen the highs of the day in Usd/Jpy and Usd/Chf over the prior 6 hours (4am PST right now). Buy side of oil and gold obviously. Usd/Chf sell side. Usd buy side elsewhere. I’ve been on the sell side since Asia in both pairs as I mentioned for two weeks. See zero reason to change that right now.
Tonights military stikes against Iran and other countries is causing a high degree of volatility across the Usd, Gold, Oil, Treasuries, Stocks et al. This could strongly affect the macro picture across the board over time. It could even cause alternate items such as bitcoin. Commodities as well. Depending on severity.
Whether it’s fatigue (gold), short-covering (bonds), worries about the impact of higher borrowing costs on growth and demand (stocks and oil), or just seeking refuge from the barrage of headlines from Washington, investors are trimming back risk.
