Forex GDP

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Reuters: Russia's Oil and Gas Revenues Grew by More Than 50% In June of last year, revenues amounted to ₽529 billion. This year, the expected revenue is ₽814 billion. For May 2024, earnings were ₽794 billion compared to ₽529 billion a year earlier. Overall, for January-April 2024, oil and gas revenues in the budget increased by 82% and are comparable to the record levels of 2022. Reuters explains this phenomenon as being due to the ineffective G7 price caps and the increased prices caused by Western sanctions.

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When to Invest? There is a well-known saying in trading: "Sell in May and go away." The idea is to sell all assets in May and take a break until autumn, as there will be no significant movements. However, this infographic is showing the results of 2-week investments in the S&P 500 for each half of the month, starting from 1928. Over these years, the best time to buy was at the beginning of July. The average 2-week return for nearly 100 years was over 2%. The worst time was the second half of September

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Reason for Sell Gold! This is an H1 Bullish Engulfing Support Area that had breakout. Candle H1 Also Closed below the zone that signals a Solid Breakout have happened. Now i entry at the purple zone with Extra Lot Size as It Solidifies with a Bearish Engulfing in Lower Time Frame. As Long As H1 didn’t break the zone back, it is still valid!

Gold Sell Now @ 2299.00 - 2301.00 tp : 2294.00 tp2 : 2287.00 sl : 2304.00

Ready Last Setup for The Day!