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๐ตMacroeconomic Outlook
After the Fed decision, sales dominated the markets.
For inflation to fall, commodity prices must fall.
The Fed is aware of this situation.
Commodity prices have a significant impact on inflation.
Currently, the product with the weakest outlook in the commodity market and with sellers is gold.
โณWhen we examine the price chart in the weekly term
We drew attention to the importance of the 1625 level in the previous analysis.
1st wavelength decision elongation target of the 5th wave,
The target of the ABCD formation is 1.272,
0.5 Fibonacci level of waves 2-3 of the price bull rally,
ABCD's target for 1618 is the level of 1560.
For now, the decline seems to continue.
๐ตMacroeconomic Outlook
After the Fed decision, sales dominated the markets.
For inflation to fall, commodity prices must fall.
The Fed is aware of this situation.
Commodity prices have a significant impact on inflation.
Currently, the product with the weakest outlook in the commodity market and with sellers is gold.
โณWhen we examine the price chart in the weekly term
We drew attention to the importance of the 1625 level in the previous analysis.
1st wavelength decision elongation target of the 5th wave,
The target of the ABCD formation is 1.272,
0.5 Fibonacci level of waves 2-3 of the price bull rally,
ABCD's target for 1618 is the level of 1560.
For now, the decline seems to continue.