Are you ready for a big rise or a big fall? 📈📉

Fed Chair Jerome Powell:
🔹 Interest rates are likely to be at their peak.
🔹 A rate cut is possible sometime this year, but the outlook is uncertain and we will continue to monitor risks.
🔹 We are prepared to keep interest rates higher for longer periods of time if necessary.
🔹 We will carefully evaluate the data received to make a decision on monetary policy.
🔹 Before cutting rates, we need to be more confident about bringing inflation down on a sustained basis.
🔹 We will make decisions on a meeting-by-meeting basis.
🔹 Unexpected weakness in the labor market could also have a reaction.
🔹 Our forecasts are not set in stone, but depend on changing circumstances.
Gold Technical Analysis:
Weak support levels: 2160 - 2163
Strong support: 2145 - 2150
As the price touches the 2160 - 2163 range and rises to 2167, the strength of the downtrend becomes evident and this support may no longer be valid and we should wait for it to break!
The downtrend is expected to continue towards the support level of 2145-2150.
(Source: TV-uPaSKaL)