Double Top in $XAUUSD - Powell Brings the Thunder and $DXY Jumps
Double Top, watch Powell pull out a 1%+ rate hike tomorrow instead of the .25%. This will crush oil and commodities (Russia and China) while also causing inflation in Russia and China as we tighten. Their economies won't be able to take that double whammy.
I predicted a rise to 2,100 area, and then a descent to $1,575 and possibly $,1350.
I predicted a rise to 2,100 area, and then a descent to $1,575 and possibly $,1350.
Note
Check out these charts for commodities:pbs.twimg.com/media/FN45-LcXIAMQMn9?format=jpg&name=small
pbs.twimg.com/media/FN46ZhEXsA84Gi8?format=jpg&name=small
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.