The FOMC is expected to keep interest rates steady at 5.25%-5.50% during its June 11-12 meeting. This likely continuation of high rates will strengthen the dollar, reduce market liquidity, and dampen risk appetite, putting downward pressure on the crypto market. Investors are advised to brace for potential declines in crypto valuations. #FOMC #CryptoMarket...
As the economy started to go back slowly fundamentally in almost all over the world, the gold must go back to a new wave cycle
Short positions below 2015.00 with targets at 1815 USD 1770 USD in extension
long positions above 1975 USD with targets at 2075 USD and 2140 USD in extension.
The gold weakness started from the day reached 2075 $ possible back to 2015 $
long positions above 34.30 with targets at 41.40 and 49.00 in extension still waiting and will see.
the next target will be 17 USD if the brake holds below the channel by end of the day
WTI Crude Oil should finish the Bearish trend at this point as OPEC+ shall go with the supply cut, and it reached the Weekly Support level.
Gold might return the up channel and continue the uptrend journey to 1303 USD
i belive that based on tringle broke up to continue the up trend