r/Forex • u/Upstairs-Fix-1558 • 2d ago

Questions Are we heading for a financial meltdown?

I trade xauusd and this kind of fluctuation is insane. Although the prices are still at relative highs but the absolute major swings in a short amount of time as well as the fact that its happening across the other markets as well... it can't be good.

Are we heading towards a recession/depression??

8 Upvotes

84% Upvoted

21 comments sorted by

7

u/Independent_Bag777 2d ago

“Although the prices are still at relative highs”

0

u/tbor1277 2d ago

I wanted to insert James Franco meme. "First time?"

0

u/Upstairs-Fix-1558 2d ago

You're right

0

u/tbor1277 2d ago

My advise is just don't worry about it. Cycles happen all the time. If you are uncertain in trading/investing in this environment, cash is also a position.

3

u/v3rral 2d ago

Its scalping championship. Happens every few years for short period of time.

1

u/yldf 2d ago

I expect gold to calm down somewhat. Implied volatility is down significantly from what it was a couple hours ago.

1

u/WickOfDeath 2d ago

Gold doesnt look too bearish. Silver is weak, oil groundless but today we disdnt see that sellloff like august 8th last year... or 9th for asia and europe

1

u/Crespius66 2d ago

Shock therapy on the economy means a short period of instability. I don't think it will become permanent

1

u/kazman 2d ago

With the recent tariff issues things are going to be unpredictable.

1

u/FakiuSokMaiDic 1d ago

What are we going to trade without fluctuation ??

1

u/PartyAdministration3 18h ago

This is the time where scalpers rise and swing traders need to make some adjustments to the changing market.

1

u/mrbump34 6h ago

Buy the dip.

0

u/Honest-Spinach-6753 2d ago

Tell me your a (gold) virgin

2

u/Upstairs-Fix-1558 1d ago

I am. Provide any insight please if you have a high body count.

1

u/Honest-Spinach-6753 1d ago

Look behind historic events, 2000, 2008 etc. run up to gold breakouts and prior to recessions gold rallies for about 6 months then collapses. It’s a rotation of funds, flight to safety and sentiment is its better to invest in gold, then indices drop substantially and then a rotation takes place, people sell gold to then buy deflated/undervalued stocks etc

-2

u/Important-Rice5699 2d ago

….. um. How long you been trading for? This has been the normal since Covid

1

u/Upstairs-Fix-1558 1d ago

2 weeks on a real money account.