Federal Reserve Meeting.!

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Dear Investors.

The Federal Reserve will start its two-day meeting, to discuss the U.S. economy, and President Biden’s $1.9 trillion dollars Covid relief package.

The bond market is waiting for results from the meeting.

Silver technical analysis

Monthly chart.

G. analisis

The price is meeting support and expectations are for a continuation higher from the monthly perspective.

Weekly chart.

The weekly time frame shows that the price is meeting the resistance of a 38.2% Fibonacci retracement from which a downside continuation into the demand zone would be expected. 

Daily chart.

However, on a break of the weekly resistance, the daily chart will be well on its way to test higher resistance and forming a W-formation. 

Credit: FXStreet

 

What is Wall Streets’ biggest fear: inflation…!!!

Inflation is now the top risk cited by portfolio managers polled

by Bank of America.

 

Much success to all…!!!

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