Be prepared for the Global Panic
- #75,502
- May 6, 2025 4:12pm May 6, 2025 4:12pm
- Joined Jan 2016 | Status: Trader | 4,048 Posts
Gold closed above 3370. We have a change of structure and the end of the down retrace.
Tomorrow, we have the FED and market has ONE Expectation: A hint for a rate cut in June.
No hint, it will send GOLD for a new ATH.
Personally, I don't think the FED will give any hint. Why?
1- FED mandate is: employment and control of prices (inflation). Both recent data were not bad.
2- FED policy is data related. Hence, FED needs more data to cut; hence no hint for June cut.
To this end, I see a zigzag move: a down movement until the FED to retest 3345; then up move with no hint during the conference.
Tomorrow, we have the FED and market has ONE Expectation: A hint for a rate cut in June.
No hint, it will send GOLD for a new ATH.
Personally, I don't think the FED will give any hint. Why?
1- FED mandate is: employment and control of prices (inflation). Both recent data were not bad.
2- FED policy is data related. Hence, FED needs more data to cut; hence no hint for June cut.
To this end, I see a zigzag move: a down movement until the FED to retest 3345; then up move with no hint during the conference.
- #75,506
- May 6, 2025 5:34pm May 6, 2025 5:34pm
- Joined Dec 2017 | Status: Trader | 30,707 Posts
yes yes yes
- #75,507
- May 6, 2025 6:04pm May 6, 2025 6:04pm
- Joined Dec 2017 | Status: Trader | 30,707 Posts
yes yes yes
- #75,514
- May 6, 2025 6:46pm May 6, 2025 6:46pm
- Joined Jun 2013 | Status: enjoying life | 24,120 Posts
- #75,518
- May 6, 2025 7:46pm May 6, 2025 7:46pm
- Joined Jun 2013 | Status: enjoying life | 24,120 Posts
