Gold price (XAU/USD) oscillates in a range following the previous day's late pullback from the $2,665 resistance zone as traders keenly await FOMC meeting Minutes.

Asian stock markets exhibited a mixed performance on Wednesday, as strong US economic data clouded the outlook for rate cuts in 2025.

Short Term Elliott Wave view in Nasdaq suggests rally to 22454.7 ended wave ((3)). Pullback in wave ((4)) is now in progress as a zigzag Elliott Wave structure.

Tuesday’s opening bell on Wall Street was accompanied by a series of robust economic reports from the United States.

Markets made a big move lower this afternoon, telling us to look for 2 specific setups tomorrow morning.

We appear to be at/near peak optimism about the US stock market and the US dollar, peak pessimism about the US T-Bond market, and peaks in the expected effects of Trump’s policies on US economic growth and inflation.

Contrary to the popular view, deflation is good for the economy. Thus, when prices are declining in response to the expansion of wealth, this means that individuals’ living standards are rising.