0722 More New Highs Ahead Waiting for GOLD.
Hello traders,
After our important news reminder in the early hours of Sunday morning, this week may be about to usher in a week of incomparable contradictions and turmoil. The news that Biden officially announced his withdrawal from the election was shocking.
Subsequently, Biden expressed support for Harris, and the Clintons and financial tycoon Soros also immediately expressed support for Harris's candidacy.
With only three months to go until the election, the vacancy of the Democratic candidate has become a huge "political black hole".
Based on the latest developments in the market and a review of the important events of last Friday, we can see that market trading behavior is no longer subject to certain expectations, but is more influenced by instinctive reactions, the results of different choices and decisions in the market.
Last Friday was a particularly important day. The $2.7 trillion option expiration became the largest July option expiration ever, which had a significant impact on the market.
The change in liquidity led to a $80 pullback in gold.
It is important to be accustomed to the bands that gold can swing in one direction in a day. Because in the remaining months, before the United States election, this will be the norm.
In addition, on Sunday, Biden announced that he was withdrawing from the presidential race. Biden withdrew from the election, and the market basically decided that the Trump 2.0 era is coming. Trump is gold's nemesis. But ahead of Trump's rise to power, ahead of expectations of a Fed rate cut in September, my bold prediction is that there will not be a large weekly correction in gold.
Therefore, on the weekly line, last Friday's pullback can be regarded as another opportunity for gold bulls to enter the market. There are many more all-time highs ahead of us.
GOOD LUCK!
LESS IS MORE!
After our important news reminder in the early hours of Sunday morning, this week may be about to usher in a week of incomparable contradictions and turmoil. The news that Biden officially announced his withdrawal from the election was shocking.
Subsequently, Biden expressed support for Harris, and the Clintons and financial tycoon Soros also immediately expressed support for Harris's candidacy.
With only three months to go until the election, the vacancy of the Democratic candidate has become a huge "political black hole".
Based on the latest developments in the market and a review of the important events of last Friday, we can see that market trading behavior is no longer subject to certain expectations, but is more influenced by instinctive reactions, the results of different choices and decisions in the market.
Last Friday was a particularly important day. The $2.7 trillion option expiration became the largest July option expiration ever, which had a significant impact on the market.
The change in liquidity led to a $80 pullback in gold.
It is important to be accustomed to the bands that gold can swing in one direction in a day. Because in the remaining months, before the United States election, this will be the norm.
In addition, on Sunday, Biden announced that he was withdrawing from the presidential race. Biden withdrew from the election, and the market basically decided that the Trump 2.0 era is coming. Trump is gold's nemesis. But ahead of Trump's rise to power, ahead of expectations of a Fed rate cut in September, my bold prediction is that there will not be a large weekly correction in gold.
Therefore, on the weekly line, last Friday's pullback can be regarded as another opportunity for gold bulls to enter the market. There are many more all-time highs ahead of us.
GOOD LUCK!
LESS IS MORE!
Anmerkung
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Wechat: ziyuvera
Tele: t.me/VeraFuntrader
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