๐ฅ+$186 in gold. ๐ฅ+$3.39 in silver. In one session. ๐ฅ
The Fed minutes were hawkish. The tape didnโt care.
Treasury buybacks just hijacked the entire metals market. ๐ฆ
๐งต
They increased long-dated buybacks. Yields cracked. The dollar cracked. Shorts covered.
๐ 10Y toward 4.6%
๐ 30Y toward 5.2%
Thatโs why gold went from โstuckโ to $4,523 in hours.
๐ฅ Spot Gold: $4,521 (+4.33%)
๐ฅ Spot Silver: $66.55 (+5.29%)
Gold didnโt just break $4,500.
It ran through $4,448, then $4,480โ$4,500 like it wasnโt there. ๐
๐ฏ Next fight: $4,630โ$4,650
Win that โ $4,700 and $4,778
Lose $4,500 โ $4,450 is the first real test
Silver did even more damage.
Held the 50-DMA. Then $64, $65, $66 all disappeared. High $66.81. โก
๐ฏ $66.80 is the line
Break it โ $71.77โ$72
Fail $66.54 โ $61.31 is back on the table
This was not a war premium.
Hormuz is still messy. Oil is still ~$85โ$91.
Wednesdayโs move was 100% rates and dollar. ๐ต
Fed: several officials wanted a hike in July. 9-3 vote to hold 3.50โ3.75%. September odds now ~56%, down from 82%.
The minutes talked tough.
The bond market voted first.
๐ Thursday: jobless claims + Philly Fed
๐ Friday: flash PMIs
$4,500 and $66 are no longer resistance.
Theyโre the new battlefield.
Adding, fading, or waiting for the next data print? ๐
#Gold #Silver #XAUUSD #XAGUSD #Fed
TRADE $XAU / $XAG here๐
The Fed minutes were hawkish. The tape didnโt care.
Treasury buybacks just hijacked the entire metals market. ๐ฆ
๐งต
They increased long-dated buybacks. Yields cracked. The dollar cracked. Shorts covered.
๐ 10Y toward 4.6%
๐ 30Y toward 5.2%
Thatโs why gold went from โstuckโ to $4,523 in hours.
๐ฅ Spot Gold: $4,521 (+4.33%)
๐ฅ Spot Silver: $66.55 (+5.29%)
Gold didnโt just break $4,500.
It ran through $4,448, then $4,480โ$4,500 like it wasnโt there. ๐
๐ฏ Next fight: $4,630โ$4,650
Win that โ $4,700 and $4,778
Lose $4,500 โ $4,450 is the first real test
Silver did even more damage.
Held the 50-DMA. Then $64, $65, $66 all disappeared. High $66.81. โก
๐ฏ $66.80 is the line
Break it โ $71.77โ$72
Fail $66.54 โ $61.31 is back on the table
This was not a war premium.
Hormuz is still messy. Oil is still ~$85โ$91.
Wednesdayโs move was 100% rates and dollar. ๐ต
Fed: several officials wanted a hike in July. 9-3 vote to hold 3.50โ3.75%. September odds now ~56%, down from 82%.
The minutes talked tough.
The bond market voted first.
๐ Thursday: jobless claims + Philly Fed
๐ Friday: flash PMIs
$4,500 and $66 are no longer resistance.
Theyโre the new battlefield.
Adding, fading, or waiting for the next data print? ๐
#Gold #Silver #XAUUSD #XAGUSD #Fed
TRADE $XAU / $XAG here๐