Fed Vice Chairman Brainard said that the Fed’s policy rate needs to be raised further and that restrictive monetary policy may need to be maintained for some time.
Inflation data will need to remain low for several months to be confident that inflation is falling to 2%. Shrinking the balance sheet should help align demand with supply; at some point in the tightening cycle, risks will become more two-way.
International gold rose unilaterally today and broke through the pressure of 1726. Now the market is stepping back, which is a confirmation of the stepping back after the breakthrough. There is only one idea today.
The golden 4-hour double bottom structure has been repeated countless times! And this time is a double bottom after the big drop, the rebound will not end easily, especially around 1700, you can boldly buy low! The short-term pressure near 1730 will start a sharp rise after the breakthrough.