The Gold Move Higher was “Impulsive” and I will Explain What That Means!
The Gold Move Higher was “Impulsive” and I will Explain What That Means!
Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the explosive move higher in the gold market, and the price action of the markets following the USD jobs data. And with next week one of the biggest weeks of data including inflation and the FOMC decision, Jim has a lot to discuss!
Jim covers Financial Conditions in the market along with the market anticipating 5 rate cuts next year, but believes the market has mispriced it. But also still feels the S&P 500 may move towards 4800-4900 next year, and he shows you the technical picture on how that would work!
Jim also gives his TLT, Dollar and Gold forecasts through an Elliot Wave viewpoint.
#trading_news #trading_analysis #trading_interview #tradersummit #markets #market_analysis #forex #forex_trading #forex_trading_interview #Jim_Welsh #SPX #USD #S&P500 #Bonds #Gold #interest_rate_news #Fed #FOMC
//SPONSOR – EIGHTCAP ✅ https://www.eightcap.com/en/?cxd=3624…
Eightcap was founded in Melbourne, Australia, in 2009 with a simple, clear mission: to provide exceptional financial services to their clients. The broker is committed to building a home for MT4 and MT5 traders. This fundamental principle remains at the core of everything they do at Eightcap, and they believe staying true to it is pivotal to their success. Now with five offices across the globe and regulation in multiple locations, they provide clients worldwide with the ability to trade on a broad range of markets across FX, Indices, Cryptos, Commodities and Shares.
They are an award-winning broker who is focused on traders security and peace of mind. They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for traders to trade on. That’s why they have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards and, more recently, been named the Best Crypto Broker at the AtoZ Market Awards, 2021.
JWelsh@SmartPortfolios.com
20231209
