GLDM
$SPDR Gold Minishares(GLDM.US)
❤️ My Gold Trade- Lessons From Jackson Hole
I bought gold expecting interest rates to ease soon.
But after listening to Fed Chair Kevin Warsh’s hawkish speech yesterday, I decided to sell my holdings. It turned out to be the right call. ✅
The Market Reaction after Fed Chair Kevin Warsh speech:
❤️🔥 September rate - hike odds jumped from 34% to 61% within hours 📈
❤️🔥 Spot gold plunged from a daily high of $4,631.98 down to an intraday low of $4,445.45. It is a massive drop of roughly $186 ( About 1860 pips).
❤️🔥 I closed my position and locked in my profits before the slide accelerated. 💰
💡 Key Takeaway: Always stay vigilant on market fundamentals. When the fundamentals change act decisively, no emotion.
Never fall in love with the trade; gold won’t love you back. When it’s time to take profit, do it without hesitation.
Market is always there. Opportunity will be back again. Never hug your holding with love.🤭
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