Vladimir Ribakov analyzes gold breaking out of a narrow range with higher highs and lows, expecting another upward move until a divergence completes. The Fed held rates steady despite Trump's pressure to cut, while GBP/USD and EUR/USD remain in corrective structures before resuming upside moves.
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Hey guys, Vladimir here from Home Trader Club. What happens with the market after the Federal Reserve keeps the rates highest among all the other alternative, if I can call them this way, countries, economies? So yesterday the Federal Reserve decided to keep the rates as they are and very clearly states that there is no reason to push fast and to cut fast, uh, despite the clean public, uh, I would say, attacks by President Donald Trump on the Fed and claiming and saying that it is time to cut the rates and he is going to demand that. So as we saw, the market react pretty much flat. However, if we take a look on the gold, the gold still responds to the inflationary pressure we can clearly experience and maintains a sequence of higher highs, higher lows, little range, break out of this range. And the way I see that, there is a great chance the gold will continue One more push forward further until it will manage to go and complete these divergence, where from very likely to assume we will start to experience some correction. Also pay attention on majors like the pound dollar, the euro dollar, where logically they are now under some corrective structure. But even though the Federal Reserve did not cut the rates, and even though the Federal Reserve said clearly there is no need to rush. We all know how Trump acts, and we all know how strong the pressure him and his administration can put on the central banks when they are in clear mindset that it's time to do something with the rates. So they might looking for all the possible ways to do so. So pairs like pound dollar, euro dollar, and others after this corrective moment. Very likely to assume that they will be trying to push further to the upside to complete this sort of structure. And I would definitely paying attention to the key levels on the horizon, to rising trend lines and supportive lines to hold where from they can actually try and to push forward. Join our family, enjoy full trading courses, real-time trading education, real-time trading opportunities. And so much more. Follow the link in the bio.
