🟡 A complete detailed report on gold and some details of the mission affecting gold from the OPFX channel November 11

I think the run is not over yet. But that's just my opinion....

First: Many average American families in the United States are now heavily dependent on credit, with credit card debt exceeding $1 trillion and even student debt that is slowly becoming the next US bubble and no one is talking about it.

Second: The main backbone of the United States is small businesses and commercial real estate, they are suffering from shrinking profits, stricter borrowing from banks by small and medium-sized businesses and the concept of working from home that affects commercial real estate, which creates more refinancing risks for property owners and also private homeowners who have already brought in credit,

Third, wages have been steadily declining, especially in the services sector, so spending is lower. This is just the US that I’m looking at. Globally, we have a high de-dollarization process with the BRICS members and it’s grown from 5 countries accounting for about 35-40%. The US-China tension, the US-Iran tension, the Russia-Ukraine war is still going on, the Israel-Palestine war is still going on. If we go to the interest rate decision before the election,#JeromePowellcut interest rates very well by 50bps and right after the election, he cut interest rates by only 25bps. I expect another 25bps cut in December given the terms of his recent speech about calming inflation or even suspending interest rates. If they cut interest rates by 50bps in December, they will look like clowns in my opinion, but I don’t think that will happen. A strong dollar in my opinion is not good for the US economy and US exports. Global exports and imports will be directly affected.

I am of the opinion that while the US election favored Republicans over Democrats by a large majority, Donald Trump’s victory has sent a global chill through NATO members, Iran, Russia, China, and already Israel. However, the Republicans won the election but will not take office until January 20, 2024 if I am correct. That means we have a full November, a full December, and 19 days of January.

As for gold, it is not showing a very strong rejection at 2790.10 (although it is showing weekly) and we have corrected by 1200+ pips already. However, it will correct by adding another 600-800 pips to test maybe around 2580-2570 levels before rebounding to test higher levels. Here is my weekly, daily and 4-hour view. There is a strong possibility that we will test higher levels soon.

#TM_OPFX1