The #Fed appears to be losing control of rates, yet equities continue pricing in perfection. #USTEC and #DJI are sitting at all-time highs while the US 10Y Treasury yield keeps climbing
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#Silver (#XAGUSD) drops 1.7% to ~$79.30 as Iran shuts the Strait of Hormuz again, raising global supply concerns. The move follows renewed tensions despite a brief reopening after the Israel-Lebanon ceasefire.
$XAGUSD
#Gold short Outlook
Gold is testing a key support zone near 4,683 with resistance at 4,734, forming a tight range.
Bias: Slightly bearish below resistance
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#XAUUSD $XAUUSD #Altin
#Silver is trading near a short-term consolidation zone, recovering after recent volatility driven by geopolitical tensions and a stronger US dollar.
Technical Levels
Resistance: 89.00 β 91.00 β 93.50
Support: 86.00 β 84.50 β 82.80
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#XAGUSD
BREAKING* : The G7 countries are considering a joint release of oil from reserves, potentially as much as 400 million barrels, as #OilPrices skyrocket, per FT.
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#WTI#Crude#Brent
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#NAS100#WS30#NASDAQ100