$XAU/USD (XAUUSD.CFD)$
$XAU/USD (XAUUSD.CFD)$
XAUUSD H4
Last night, the Fed confirmed a 50 basis point rate cut, the first rate cut since March 2020, and initiated a new round of substantial rate cuts. The statement revealed a dot plot showing that 9 out of 19 voting members chose 4.375%, implying an expectation of a further 75 basis point rate cut within the year. It also lowered GDP expectations for this year and PCE expectations for the next two years, while raising unemployment rate expectations for 2024 to 2026. The short-term decline in the US Dollar Index hit a new low for the year at 100.2, and gold rose to 2600.22. Finally, Powell stated that if the economy remains healthy, the adjustment of interest rates could be slow or even halted, and the 50 basis point rate cut should not be seen as the norm, as there is no sign indicating an increased possibility of a recession. The US Dollar Index recovered to 101, and gold completely gave back all its gains since the rate cut decision, falling to a low of 2546 and closing below 2560.
Technically, gold faces significant resistance at the 2600 level and has been directly rejected. The 2600 level is the profit-taking level for long positions and also the entry level for short positions. The price sharply declined and closed below 2560, indicating that 2560 is also a key level for gold in the near term. Pay attention to the range defined by these key levels. Currently, the gold price has broken below the low point of the past four days.
There is strong resistance at the upper trendline.

Hello, mooers!!
Congrats to these Top 10 mooers who gained most in the ASX stocks Papertrading Competition last week:
@JMack89 @满山猴我腚最红 @151431895 @152319742 @上海白砂糖 @BigBizyBee @151377929 @aaaaaaaroni @151614905 @BigBosher1
Last week, we noticed that the top three investors in the Australian Stock Trading Competition made significant profits trading $Zip Co Ltd (ZIP.AU)$ , ...

Retested the 5 day POC today and bounced. For now watch for 218.89 to hold as support for a push back up to test 220.38.
Larger Image: tradingview.com...
$iShares Russell 2000 ETF (IWM.US)$  

Hi, mooers!
Welcome back to Maple Market Challenge!  
Like always, let's reveal the answer to last week's quiz: Why did the Bank of Canada cut the key policy rate for a third time? The answer is "To avoid landing the inflation rate too far below the target".
84% mooers chose the correct answer! A big round of applause to those who got it right! Each of you will receive 20 points. Plus, we're giving 50 points to every...

Nice to meet you. This is Yamato Asset Management.
We will continue to disseminate investment information to be of help to everyone in the future.
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For the "Nikkei CNBC 25th Anniversary Market and Economy Summit" held on 9/16 (Mon, holiday)
We will be exhibiting at the booth!
Please be sure to visit us if you come.
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★Event details areHere it is.★

$Dyna-Mac (NO4.SG)$
South Korean company Hanwha has launched a voluntary conditional cash offer through a special-purpose company to take management control of offshore oil-and-gas contractor Dyna-Mac : NO4 at S$0.60 a share.
The offeror is Hanwha Ocean SG Holdings, which was incorporated by Hanwha Aerospace and Hanwha Ocean for the purpose of the offer.
Hanwha Ocean is a shipbuilding company, and Hanwha Aerospace is i...

Low cost ETF is the way to go! Sometimes the most simple and boring way is the best
If u refer to my moofolio, u can see I allocated quite a large % of it in $SPDR S&P 500 ETF (SPY.US)$ alongside $Advisorshares Trust Pure Us Cannabis Etf (MSOS.US)$ which had a whopping 470% gains!
Ranking of gains:
①ETFs
②AI boom with Nvidia selling the golden shovel
③Meme stocks
A single stock pick is incredibly hard to constantly ...