The pullback should have reached 5% from the start of the dip by now
Earnings season started bad… regardless good numbers or not, everyone is going down… Fed comments and the war is pushing up USD… yields are going up and many are selling off…
the market correct might be a while more before it will stop… doubt any good news will have the impact big enough to reverse the whole market…
we got to see next week PCE data and hopefully in May FOMC, if Powell will still be positive if we have a rate cut this year.. if there aint any and he confirms.. this pullback may go till mid or end of May… market currently still pricing in 1 rate cut…
GLD might be a good safe haven for now and i think i still to it until market reverses..
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I ain’t any guru… i follow technicals and trend line of the market
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Master Corgi : Nope. Not now. Will go down further.
Pulsard Master Corgi: Not enough panic, but we still have to go down.
rezki_kwn2 : road to support 750....
OceansWaveOP Master Corgi: What the title means - from the start of the dip at the ATH to now.. it hit 5% drop… Body of this - possible further drops..
102105539 : Suppose to bounce back tdy but Iran News crash it even further
OceansWaveOP 102105539: What was the Iran news? Was suspecting something in the Middle East that pushed the gold prices up suddenly
102105539 OceansWaveOP: Explosion was heard in Iran, might be the counter attack from Israel
OceansWaveOP : Oh… WWIII
reserved Moose_6724 : Will it go back to 850-880 next week? Just wondering should I sell my calls or not..
OceansWaveOP reserved Moose_6724: Doubt rebound will be anytime soon