$PEPE ⭕| Gold and silver face a tough test... and key support levels are at risk of breaking
⚫️ Oil prices fell below $100 a barrel after Trump ruled out launching a new military strike on Iran, while negotiations between them continue.
⚫️ Markets are currently pricing in a 79% chance that the Fed will raise interest rates at its next meeting in December. Any increase in that probability would weaken gold, and vice versa. ⚪️
⚫️ U.S. inflation data will be released this week, and it will have a major impact on market expectations for interest rates—and, consequently, on gold and silver prices.
Keep in mind ⚠️
Gold and silver are trying to hold above important support levels of $4,000 and $50, respectively. So far, there is no major support to ensure prices stay above these levels, so volatility is likely in the coming period. 👉
🌑 $1000CHEEMS $1000SATS
✅@mshabaka
#CPITestsDecemberRateOutlook #BitcoinFiveWeeklyLosses #NvidiaInvestigatesAfterHuang’sAffairApology
⚫️ Oil prices fell below $100 a barrel after Trump ruled out launching a new military strike on Iran, while negotiations between them continue.
⚫️ Markets are currently pricing in a 79% chance that the Fed will raise interest rates at its next meeting in December. Any increase in that probability would weaken gold, and vice versa. ⚪️
⚫️ U.S. inflation data will be released this week, and it will have a major impact on market expectations for interest rates—and, consequently, on gold and silver prices.
Keep in mind ⚠️
Gold and silver are trying to hold above important support levels of $4,000 and $50, respectively. So far, there is no major support to ensure prices stay above these levels, so volatility is likely in the coming period. 👉
🌑 $1000CHEEMS $1000SATS
✅@mshabaka
#CPITestsDecemberRateOutlook #BitcoinFiveWeeklyLosses #NvidiaInvestigatesAfterHuang’sAffairApology
