Very GOLD info here đ¤
How about a piece of info that's more valuable than Gold (XAU) itself?
If youâre serious about trading success, make it your main hustleâbecause you'll never master a side gig.
The Fed minutes are set to drop, with the dollar holding strongâbut how long can it last?
Meanwhile, Chinaâs rally has hit pause, and Bitcoin is teetering on the edge of a breakout or breakdown.
In todayâs Mind Over Market, weâll discuss why giving up too early is a ROOKIE MISTAKE.
Endurance is key to mastering the market.
Stay sharpâitâs all ahead!
đľâł Dollar Holds Strong as Markets Brace for Fed Minutes
The dollar's on top, but for how long? The Fed minutes will reveal all. Don't miss the market-moving news that'll change the game.
â¸ď¸đŚ China's Rally Pauses as Investors Await Stimulus Details
The recent rally in Chinese stocks has taken a pause as investors await more clarity on the government's plans to boost the economy. The New Zealand dollar is also under pressure after the central bank's dovish rate cut.
đđ° Gold Prices Hold Steady Amid Fed Minutes
The Fed's minutes could provide clues about future interest rate hikes. The dollar's strength is also a factor, but gold's allure as a safe-haven asset remains strong.
đ China's Stocks Decline, Other Asia Market Rise
It's a mix of tears and joy, as Chinese stocks take a hit due to investors' disappointment over the lack of concrete details. Meanwhile, other Asian markets are showing signs of strength, but the focus remains firmly on China's economic outlook.
đłđż New Zealand Central Bank's Rate Cut Triggers Market Rally
New Zealand's stock market has found new life! The surprise rate cut has investors optimistic. What's driving this shift, and can it sustain?
đšď¸ Will Bitcoin Break Out or Break Down?
Bitcoin's range-bound, but for how long? The 50-day SMA ($60,819) and 200-day SMA ($63,550) are make-or-break levels. Will the bond market's 24% volatility surge break the calm?
đ Why China's Stock Market Surge Ended?
China's stocks have taken a surprising U-turn! What factors contributed to the sudden slump after a 30% rally, and can Beijing's policymakers revive the market?
Charting Insights
Diamond Bottom
The diamond bottom is a bullish reversal pattern, suggesting that a downtrend is losing steam and could soon transition into an uptrend.
It's like the market is reaching a point of capitulation, where sellers are exhausted, and buyers are starting to step in, slowly but surely turning the tide.
What to Look For:
- Diamond Shape: The pattern forms a diamond-like shape on the price chart, starting with widening price swings and then narrowing.
- Increasing Volatility, then Decreasing: Initially, the price swings get wider, creating the top half of the diamond. This indicates increasing volatility and uncertainty. As the pattern progresses, the price swings become narrower, forming the bottom half of the diamond, suggesting waning downward momentum.
- Neckline Breakout: The pattern is confirmed when the price breaks above the upper trendline of the diamond, often with increased volume. This signals a potential reversal to an uptrend.
Toughen Up or Tap Out?
Itâs always amusing when I see new traders give up after just 3-6 months of not seeing massive profits.
Seriously???
Multi-millions in just a few months?
Thatâs not how the world works, my friend.
Letâs get realâTRADING IS AN ENDURANCE GAME. Itâs for those who STICK IT OUT through the rough patches, the learning curves, and yes, the losses.
Think about itâhow long does a university degree take? Three, four years?
You paid thousands, graduated, and didnât get a high-paying job right away⌠but you didnât call education a scam or failure, did you?
So why do people think 6 MONTHS WITHOUT PROFIT in trading is a failure?
FOREX, STOCKS, CRYPTOâitâs all about PATIENCE, PERSISTENCE, and PLAYING THE LONG GAME.
This isnât a GET-RICH-QUICK gig, but for those who PERSEVERE, the rewards are huge.
Trading will cost you more than just moneyâit demands your TIME, FOCUS, and MENTAL TOUGHNESS.
But hereâs the good news, if you FOCUS on getting better every single day, one day youâll make MORE MONEY IN A SINGLE TRADE than you ever dreamed possible.
When you finally MASTER THE GAME, when you become a PRO, youâll unlock an infinite cheat code: TIME, FINANCIAL, and LOCATION FREEDOM.
That's the real deal.
And you know what? Thatâs why itâs toughâbecause NOTHING THIS GOOD COMES EASY.
So next time you feel like crying after a tough trading day, just rememberâTHE MARKET DOESNâT MIND YOUR TEARS.
Itâs watering the money tree youâre too impatient to plant.