Double Top in $XAUUSD - Powell Brings the Thunder and $DXY Jumps
Updated
Double Top, watch Powell pull out a 1%+ rate hike tomorrow instead of the .25%. This will crush oil and commodities (Russia and China) while also causing inflation in Russia and China as we tighten. Their economies won't be able to take that double whammy.
I predicted a rise to 2,100 area, and then a descent to $1,575 and possibly $,1350.
I predicted a rise to 2,100 area, and then a descent to $1,575 and possibly $,1350.
Note
Check out these charts for commodities:pbs.twimg.com/media/FN45-LcXIAMQMn9?format=jpg&name=small
pbs.twimg.com/media/FN46ZhEXsA84Gi8?format=jpg&name=small
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