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The Federal Reserve’s Worsh will be sworn in tonight at 11 PM at the White House. Trump will also be there. At that time, both of them may deliver some remarks.
If there is any important information, it may cause fluctuations in the market.
Gold and cryptocurrencies have entered short-term consolidation, and the direction is not yet clearly defined.
This week has been clearly hindered by the 2157–2076 range. Two attempts to probe a breakout have both failed. It is evident that the 2157 level is exerting strong suppression effect, and without a volume-backed positive catalyst, price action will continue to oscillate around the midpoint.
Last night, as expected, it pulled back to the 2110 and 2095 levels. Only a real breakout above the overhead resistance can redefine the rebound.
Below 2147, all movement is considered weak fluctuation.
The criterion for judging whether the four-hour sell-off has ended is a breakout of the range. Until a breakout occurs, the decline is not considered to have been cushioned.