‼Dear friends, the direction of long-term analysis does not change much. (Weekly-Monthly Trends)
But the length of daily and 4-hour trends is very short.
That's why we need to constantly update our short-term analyzes.
Today we will continue our gold and silver analysis.
💸Macroeconomic Overview
FED's hard interest rate hikes, along with precious metals, caused a general decline in the commodity market. However, it is not possible for commodity prices to return to their normal prices very quickly, including oil. Therefore, I do not expect any relaxation in the FED's interest rate policy. In general, my expectation is that interest rates will lag behind inflation for a long time.
💥Daily
When we examine the price chart on a daily basis, the 86.100 level is in the support position. The price fell hard from the 93 resistance and broke the yellow trend line downwards. After the price rises a little, it may want to withdraw to the purple trend support.
But the length of daily and 4-hour trends is very short.
That's why we need to constantly update our short-term analyzes.
Today we will continue our gold and silver analysis.
💸Macroeconomic Overview
FED's hard interest rate hikes, along with precious metals, caused a general decline in the commodity market. However, it is not possible for commodity prices to return to their normal prices very quickly, including oil. Therefore, I do not expect any relaxation in the FED's interest rate policy. In general, my expectation is that interest rates will lag behind inflation for a long time.
💥Daily
When we examine the price chart on a daily basis, the 86.100 level is in the support position. The price fell hard from the 93 resistance and broke the yellow trend line downwards. After the price rises a little, it may want to withdraw to the purple trend support.
