Who projected XAUUSD Spot GOLD Crash $2787-2707 on Diwali 2024 US Elections 2024
Piyush Ratnu Gold Market Research Accuracy Review, Fact Check: XAUUSD Spot Gold crashed from $2787-$2737 zone As projected in advance | How to trade on NFP Day? Most Accurate Spot Gold XAUUSD Price Forecast Analysis Forex
Spot Gold came under strong selling pressure after Wall Street’s opening, with XAU/USD retreating sharply from record highs and currently trading near a daily low of $2,731.45.
A risk-averse mood took over financial markets on Wednesday when United States (US) data showed resilient economic growth and a healthy labour market, cooling interest rate cut expectations as projected by after data was published.
I had projected multiple times in last 7 days a strong possibility of a correction in GOLD price from $2787 zone to $2747/2737.
1. https://t.me/c/1654158888/12438
2. https://t.me/c/1654158888/12462
3. https://t.me/c/1654158888/12464
4. https://t.me/c/1654158888/12466
5. https://t.me/c/1654158888/12404
Key Highlights in last 48 hours:
- The Bank of Japan (BoJ) decided to keep the interest rate target unchanged at 0.25% on Thursday and reiterated its forecast that inflation will persist near the 2% target. The announcement weighed on the Japanese Yen (JPY), providing support to the US Dollar.
- Asian and European indexes edged sharply lower, leading to a second consecutive day of sharp losses in Wall Street.
- The XAU/USD trades at $2750, down 1.40%. The US 10-year Treasury bond yield dropped almost two basis points to 4.284%.
- The US Dollar Index (DXY), which tracks the Dollar’s value against a basket of six currencies, dropped 0.18% at 104.08.
- The focus now shifts to the US Nonfarm Payrolls (NFP) report, which will be released today at 16.30 hours.
- It is worth noting how media houses suddenly changed their stand to SHORTING Gold when XAUUSD crashed to $2730 zone yesterday.
Today, I will BUY DIPS, PG $30 | Exit NAP
Crucial Zones for next three trading days:
🔺SZ $2785/2808/2828/2848
🔻BZ $2727/2707/2685/2669
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Impact of US Elections on 06 November 2024: XAUUSD $2787-2747-2707 11.30 AM
