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Recent Posts by davin

Elliott Wave analysis indicates that the SP500 is heading towards 7120.

The SP500 is poised for a rally towards 7120 after a recent correction. A minor pullback is expected, providing a buying opportunity before a potential downturn. Prepare for volatility! – vtmarketsmy.com

Consumer credit in the United States increased by $9.18 billion, falling short of predictions.

US consumer credit grew just $9.18 billion in October, missing projections. With cooling inflation and anticipated Fed rate cuts, traders should consider strategic options in gold and dollar positioning. – vtmarketsmy.com

As the week ends, gold stays steady above $4,200 in anticipation of the Federal Reserve meeting.

Gold prices hover between $4,200 and $4,250 as traders anticipate a Federal Reserve rate cut next week, with a strong likelihood for a breakout towards $4,300 if trends continue. – vtmarketsmy.com

The Australian dollar rises against the US dollar after breaking out of a channel, nearing its yearly peak

The Australian Dollar is surging against the US Dollar amid stable interest rates from the Reserve Bank of Australia, bolstered by strong domestic data. A bullish trend suggests potential further gains ahead. – vtmarketsmy.com

US oil rig count surpasses forecasts, reaching 413 instead of 409

The US oil rig count rose to 413, exceeding forecasts, while gold surged to $4,200 amid Fed rate cut expectations. Traders brace for market volatility as key decisions loom. – vtmarketsmy.com

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