Date: December 3, 2024
MARKET TREND EXPECTATIONS: UP
CENTRAL BANKS’ MONETARY POLICY SHIFT TO PROCEED IN DECEMBER: Interest Rate Cut Cycles Have Begun Earlier In 2024
Data Source: Bloomberg Terminal
METALS: The commodity prices depend heavily on Central Banks’ interest rates, especially US Federal Reserve rates. When interest rates fall in the US, the commodity prices denominated in US Dollars (Gold, Silver, Palladium, Platinum) become lower as lower interest rates push the value of the US dollar down. Lower prices, naturally, increase demand for the commodity, causing higher prices thereafter. Therefore, with lower interest rates in 2024, especially in the US, one could expect higher commodity prices going forward.
US FEDERAL RESERVE STARTED ITS INTEREST RATE CUT CYCLE ON SEPTEMBER 18 AND METALS ROSE WITHIN THE NEXT ONE MONTH:
Data Source: MetaTrader 4 Platform
Please note that past performance does not guarantee future results
SELECTED COMMODITY MARKET: METALS
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GOLD
Current Price: $2640
Example of calculation based on weekly trend direction for 1.00 Lot1
|
GOLD |
||||||
|
Pivot Points |
||||||
|
Levels |
3000 |
2900 |
2700 |
2590 |
2570 |
2550 |
|
Profit or loss in $ |
36,000 |
26,000 |
6,000 |
-5,000 |
-7,000 |
-9,000 |
|
Profit or loss in €2 |
34,226 |
24,719 |
5,704 |
-4,754 |
-6,655 |
-8,557 |
|
Profit or loss in £2 |
28,347 |
20,473 |
4,724 |
-3,937 |
-5,512 |
-7,087 |
|
Profit or loss in C$2 |
50,529 |
36,493 |
8,422 |
-7,018 |
-9,825 |
-12,632 |
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1.00 lot is equivalent of 100 units
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SILVER
Current Price: $30.80
Example of calculation based on weekly trend direction for 1.00 Lot1
|
SILVER |
||||||
|
Pivot Points |
||||||
|
Levels |
49.80 |
40.00 |
32.50 |
29.50 |
29.00 |
28.50 |
|
Profit or loss in $ |
190,000 |
92,000 |
17,000 |
-13,000 |
-18,000 |
-23,000 |
|
Profit or loss in €2 |
180,521 |
87,410 |
16,152 |
-12,351 |
-17,102 |
-21,853 |
|
Profit or loss in £2 |
149,868 |
72,568 |
13,409 |
-10,254 |
-14,198 |
-18,142 |
|
Profit or loss in C$2 |
266,390 |
128,989 |
23,835 |
-18,227 |
-25,237 |
-32,247 |
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1.00 lot is equivalent of 10.000 units
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PALLADIUM
Current Price: $990
Example of calculation based on weekly trend direction for 1.00 Lot1
|
PALLADIUM |
||||||
|
Pivot Points |
||||||
|
Levels |
1250 |
1150 |
1060 |
930 |
915 |
900 |
|
Profit or loss in $ |
26,000 |
16,000 |
7,000 |
-6,000 |
-7,500 |
-9,000 |
|
Profit or loss in €2 |
24,703 |
15,202 |
6,651 |
-5,701 |
-7,126 |
-8,551 |
|
Profit or loss in £2 |
20,508 |
12,620 |
5,521 |
-4,733 |
-5,916 |
-7,099 |
|
Profit or loss in C$2 |
36,453 |
22,433 |
9,814 |
-8,412 |
-10,515 |
-12,618 |
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1.00 lot is equivalent of 100 units
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PLATINUM
Current Price: $955
Example of calculation based on weekly trend direction for 1.00 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Levels |
1100 |
1050 |
1000 |
920 |
910 |
900 |
|
Profit or loss in $ |
14,500 |
9,500 |
4,500 |
-3,500 |
-4,500 |
-5,500 |
|
Profit or loss in €2 |
13,777 |
9,026 |
4,275 |
-3,325 |
-4,275 |
-5,226 |
|
Profit or loss in £2 |
11,437 |
7,493 |
3,550 |
-2,761 |
-3,550 |
-4,338 |
|
Profit or loss in C$2 |
20,330 |
13,319 |
6,309 |
-4,907 |
-6,309 |
-7,711 |
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1.00 lot is equivalent of 100 units
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Calculations for exchange rate used as of 11:00 (GMT) 03/12/2024
There is a possibility to use Stop-Loss and Take-Profit.
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You may wish to consider closing your position in profit, even if it is lower than suggested one.
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Trailing stop technique could protect the profit.