🌎🌍🌏 Corrections are inevitable.
Yes, the "most fun" and, rather, unprofitable game is guessing the level (peak) from which it will start.
This is a thankless job.
📉 Now the trigger was (quite expectedly) the press conference of the head of the US Federal Reserve, where he hinted that inflation is decreasing slowly, and that the % rate will not decrease as quickly as the markets would like:
📉 Gold instantly fell, crypto fell in unison with the Bitcoin correction, stock markets are falling.
As always in such cases, the Dollar strengthens
(despite the fact that on Wednesday (as expected) the US Fed lowered the % rate by 0.25% to the range of 4.25-4.50%.)
⤵️€/$ = 1.0380
⤵️1 Bullion= $95200
⤵️Gold= $2604/ounce
⤵️S&P500= 5825