gold is made a double bottom and we are expecting to go higher after bouncing from ema200 .
after the GDP, Initial Claims and Durable Goods were released, both Treasury yields and stocks rose. These reactions strengthen the case for the Fed to maintain its hawkish stance in coming months as it seeks to cool inflation with interest rates that officials have projected would stay above 5% into next near.
However, it also means that stock market investors see an end to the Fed’s rate hike cycle and perhaps a relatively easier, or softer recession than previously expected.
Moving forward, it’s all about the economy’s resilience and the Fed’s patience in bringing down inflation.
after the GDP, Initial Claims and Durable Goods were released, both Treasury yields and stocks rose. These reactions strengthen the case for the Fed to maintain its hawkish stance in coming months as it seeks to cool inflation with interest rates that officials have projected would stay above 5% into next near.
However, it also means that stock market investors see an end to the Fed’s rate hike cycle and perhaps a relatively easier, or softer recession than previously expected.
Moving forward, it’s all about the economy’s resilience and the Fed’s patience in bringing down inflation.
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we are modifying our predict as follows
