ForexPeaceArmy| Sive Morten Daily Gold 04.26.24
Summary
TLDRS Morton's daily update on Forex pm.com provides a market overview, focusing on key political and economic events affecting the Forex market. The video discusses the gold market's reaction to the GDP report, noting a minor reaction and lack of volatility around the support area previously discussed. The recent drop in GDP is seen as a positive sign for gold but a negative one for the U.S. economy, suggesting a potential stagflation scenario. The speaker advises traders to watch for targets on the gold market and manage their risk, suggesting a gradual closing of positions as the market approaches the XAU/USD target. The speaker also emphasizes the importance of monitoring the bond trade on the daily chart.
Takeaways
- 📈 The speaker provides a daily update on the Euro fix and posts market overviews on Forex pm.com, focusing on political and economic events.
- 💭 The video is a response to the rapidly changing situation in currency markets, aiming to help viewers stay profitable.
- 📊 The speaker suggests visiting the Forex pam.com forum for weekly analysis before watching the daily video for a deeper understanding.
- 📉 The gold market is discussed, noting a minor reaction to the GDP report, which is seen as a positive sign with no volatility around the support area.
- 🎯 The gold market is approaching a target, with the personal consumption expenditure being a key factor to watch.
- ⚠️ The recent drop in GDP is a good sign for the gold market but a bad sign for the U.S. economy, indicating a potential stagflation scenario.
- 📉 The U.S. economy is compared to the 1980s, with a notable difference being the absence of a strong and large budget deficit.
- 📍 Technical analysis is provided for the gold market, with specific levels and patterns mentioned for trading decisions.
- 🚫 The speaker emphasizes the importance of managing risk, especially as the market approaches the target.
- 📌 Traders with long positions are advised to move stops to breakeven and consider gradual closing of positions as the market approaches targets.
- 🤔 The speaker leaves the decision-making to the individual, encouraging personal strategies based on the market's behavior.
Q & A
What is the purpose of S Morton's daily update?
-The purpose of S Morton's daily update is to provide an exclusive market overview, highlighting key political and economic events, charts, and important levels on the Forex market. It is designed to help individuals stay on top of the game and be profitable in the currency markets.
Where can one find S Morton's market analysis?
-S Morton's market analysis can be found on Forex pm.com forums, where he posts weekly updates and also suggests reading the analysis before watching the daily video for a deeper understanding.
What was the reaction of the gold market to the recent GDP data?
-The gold market had a minor reaction to the recent GDP data, which is considered a good sign as it indicates stability around the support area that was discussed in previous reports.
What does S Morton suggest for traders regarding the gold market?
-S Morton suggests that there are not many actions to take currently as the gold market is approaching its target. He advises traders to focus on the personal consumption expenditure and manage their risk, considering moving stops to the breakeven point.
What is the current situation of the United States economy as discussed by S Morton?
-S Morton suggests that the United States economy may be entering a stagflation stage, characterized by a slowdown in economic growth due to high interest rates and persistent inflation, which is a bad combination.
What is the significance of the recent drop in GDP for the gold market and the U.S. economy?
-The recent drop in GDP is a good sign for the gold market as it can lead to increased interest in gold as a safe-haven asset. However, it is a bad sign for the U.S. economy, indicating potential economic challenges.
What are the target levels for the BR B that S Morton mentions?
-The target level for the BR B is approximately 2378, which is the 618 level of hold reduction. S Morton also mentions using the C Point top for a slightly closer target if there is concern.
What is the potential market reaction as the BR B approaches its target?
-As the market approaches the target, there might be some reaction, with a probable move to the XOP level, which stands at 20 379, just $1 above the Fibonacci level.
What is the advice given by S Morton for managing risk in the current market situation?
-S Morton advises traders to manage their risk by moving their stops to the breakeven point. He also suggests that if the market starts approaching the XOP level, traders might consider gradually closing their positions.
What is the importance of the personal consumption expenditure in the current market analysis?
-The personal consumption expenditure is highlighted as a key factor to watch, as it stands ahead in the current market analysis and could significantly influence the direction of the gold market.
How does S Morton view the current economic situation in comparison to the 1980s?
-S Morton views the current economic situation as radically different from the 1980s, noting that the current situation does not have the same strong and large budget deficit, which implies a more difficult situation ahead.
Outlines
📈 Gold Market Update and Economic Insights
S Morton provides a daily update on the Euro fix, discussing the gold market and its relation to key economic indicators. He mentions a minor reaction to the Gross Domestic Product (GDP) data and suggests that the lack of volatility around the support area is a positive sign. The speaker anticipates reaching a target in the gold market and discusses the implications of a recent drop in GDP for the U.S. economy, hinting at a possible stagflation scenario. He also advises traders to manage their risk and consider their position in light of the approaching target.
Mindmap
Keywords
💡Euro fix
💡Forex
💡Gold market
💡Gross Domestic Product (GDP)
💡Inflation
💡Stagflation
💡Risk management
💡Technical analysis
💡Breakeven
💡Fibonacci level
💡Personal consumption expenditure
Highlights
S Morton provides a daily update on the Euro fix market
Exclusive market overviews are posted on Forex pm.com forums weekly
The video is a response to rapidly changing situations in currency markets
Suggests visiting Forex pam.com forum to read analysis before watching the video
Discusses the gold market and reaction to GDP data
No volatility around the support area discussed previously
Gold market has made taking positions relatively easy
No significant developments to report in the gold market
Target on the gold market is approaching, with personal consumption expenditure ahead
Recent drop in GDP is a good sign for gold but a bad sign for the US economy
US may be entering a stagflation stage with slowing growth and persistent inflation
Current situation is more difficult than in the 1980s due to larger budget deficits
Discusses potential reactions in lower time frames as market approaches target
Provides specific target levels for BRB trades
Advises managing risk and moving stops for long positions
Suggests gradually closing positions as market approaches the XOP target
Decision on position closing is personal and up to individual traders
Will continue to monitor bond trade on the daily chart
Transcripts
hi this is S Morton with the daily
update on Euro fix I post my exclusive
market overviews with the key political
and economical events charts and
important levels on the Forex pm.com
forums weekly this short video is a
response to rapidly changing situation
on the currency markets and should help
you to stand on top of the game and be
profitable I suggest you to visit Forex
pam.com forum and read my analysis for
the week before watching this daily
video now guys let's take a look at gold
market so here in general everything is
going with our trading plan reaction on
grass domestic product was really well
just minor reaction actually so uh maybe
this is good point for us that's would
we haven't got any volatility around the
support area that we have discussed
yesterday and in general gold market has
made the uh process of the position
taken relatively
easy uh because those things that could
be formed here that we have discussed in
previous couple of reports uh haven't
happened so and this is really good so
currently I do not see many things to do
because we're coming on to the Target on
the gold market to the actually by the
trade destination points uh the personal
consumption expenditure stands
ahead so let's see what will happen but
recent drop of the grass domestic
product is definitely very good sign for
the gold Market but very bad sign for
United States economy because as I
mentioned today in the video of the euro
currency Forex Market video that it
seems that United States is already
stands with one step in a St flation
stage of the economy when we see the
drop of the growth slow down of the
economy due to the high interest rate
but inflation remains undefeated and
this is very bad combination especially
in the current background it's radically
stands different compared what we saw in
80s because we haven't got so strong and
large budget deficit and depth um this
time it will be
well more difficult situation let's see
what will happen on Lower time
frames as Market is coming to the Target
this is the target for the BR B it's
2378 approximately 618 level of hold our
reduction um that we have if you're
worri bit you could use for instance for
the level using the C Point top not the
a points see when thrust down has
started so this also acceptable in this
case Target will be slightly closer uh
with the upside action we have extension
markets coming to the op here might be
some reaction probably xop which is more
probable as a burn by the Target stands
in 20 uh 379 it's just
$1 above the FIB level and makes an
agreement with this level so probably
those of you who trade the brand B it
would be better to uh focus on these
destination points because it more fits
to idea of the daily brand B don't
forget to manage your risk so since
operation already started uh if you have
long position either with the taken of
the hand of the double REO pattern that
has been formed here and it's still
valid by the way as we discussed
yesterday or maybe you have taken
position somewhere in level or this drop
yesterday don't forget to manage your
risk move stops to the break unit and
see uh what will happen so once Market
will start Clos to coming to the xop
maybe it makes sense to apply some
gradual closing of the position if you
would like to so uh somewhere halfway to
the xop maybe it makes sense to close
some part and then keep the rest for the
Final Touch of the xop but this is very
personal I I I'm sure that you will be
able to make the decision by yourself uh
so let's see what the consumption
expenditures will be and uh just keep
watching what will happen with our brand
Bond trade on the daily chart
Посмотреть больше похожих видео
5.0 / 5 (0 votes)