Sal98

After Powell’s speech, I am Confident to share this Scenrio

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Apparently, the inflation rate is not progressing downward as the Federal Reserve was anticipating. For that JP has expressed his concerns about decreasing the interest rate in such an early period to the level that he is confident that the economy is strong enough to keep the rate fixed until he senses further advancement in the CPI decline.

Search news is negative on the dollar index and positive for gold however, will we see gold in new historical levels and the same time maintain these historical highs?

That speaking, we didn’t witness such an event, unless we had 2 to 3 catalysts triggering the market to behave in such pricing while maintaining a divergence rate of above 80 for more than four consecutive days. With all that I believe that the power of the consumer Further decline, leading the sales of gold To decline a bit less attractive to buyers the current pricing.

While entering, a stagflation phase is debatable, reporters and analysts from several investment banks, have shown that this year's record, is one of the highest ability for a stagflation to happen, adding up to all the elements that have been indicating such warnings. How to cook this recipe depends on several triggering factors that could either increase confidence or decrease investor sentiment.

This is not financial advice, but rather my opinion of the markets.
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