OnlyZitu

#COMEXGoldFalls1.41%To$4107.2 Comex gold just slipped 1.41% to $4,107.2, a pullback from its push toward record highs. This isn't a gold only story. It's a dollar story, and it matters for crypto too. Bullion is retreating as markets reassess Fed Chair Kevin Warsh's hawkish inflation tone after the Fed held rates steady. A resurgent US Dollar is the key driver, and that same dollar strength is increasingly relevant to Bitcoin given its tightening inverse correlation to DXY. Gold is pulling back as dollar strength and the Fed outlook weigh on bullion. Gold is down 1.41% to $4,107.2, pulling back from the $4,160 to $4,170 zone. BTC is trading near $63K, with BTC DXY correlation near -0.90. The Fed kept rates unchanged with a hawkish tilt. A dovish Fed shift, softer US data, or fresh geopolitical stress could reverse dollar strength, lifting both gold and BTC. On the other hand, persistent hike odds and dollar firmness would extend pressure on gold and dollar sensitive crypto assets alike. For gold, support is around $4,090 to $4,100, with resistance at $4,160 to $4,170. For BTC, support is around $61K to $63K, with resistance near the 50 day EMA. Gold and Bitcoin are currently trading on the same macro driver, the dollar. Watch DXY, not just crypto charts, for the next directional cue. Will BTC decouple from gold's dollar driven weakness, or do both stay tethered to Fed policy this month? $BTC $PAXG $XAUT #GOLD #bitcoin #DXY #CryptoMarkets