GOLD IS MOVING — BUT WATCH THE FED. 🥇₿
Gold is back above $4,300 after rising more than 1% today.
Why?
The dollar weakened and Treasury yields pulled back ahead of the Fed decision.
But here's the interesting part:
Gold ≠ automatically bullish.
If the Fed stays hawkish:
USD ↑
Yields ↑
Gold could face pressure.
If the Fed turns more dovish:
USD ↓
Yields ↓
Gold could benefit.
And Bitcoin?
BTC is also highly sensitive to the liquidity/yield environment, but today's crypto weakness has an additional factor:
The failed CLARITY Act vote.
So tonight I'm watching:
DXY → Yields → Gold → BTC
The correlation isn't perfect.
But capital flows leave clues.
$BTC
$GOLD.US
#Bitcoin❗ #GOLD_UPDATE #Macro #crypto