Gold Recovers After Sharp Drop; Fed Rate Hike Expectations Limit Upside

The decline in gold prices and growing expectations of a Fed rate hike could reduce risk appetite and negatively affect growth-oriented stocks. Despite a 1.47% rise over 24 hours, GOOGL's RSI at 49 and MACD below its signal line indicate weak short-term momentum. The price is trading slightly below the 20-day SMA, supporting short-term downward pressure. Over the next 1-3 days, GOOGL's price may experience a mild correction, but a significant drop is not expected. Therefore, the direction is assessed as 'down', though the impact may be limited.

GLD's last close was at 4049.6, with a 24-hour change of only +0.27%, indicating that the recovery after the sharp decline is still weak. RSI14 is at 43, in neutral territory, and MACD is negative below the signal line, meaning momentum has not fully turned. Although the recovery theme in the news headline is mildly supportive in the short term, Fed rate hike expectations stand out as a brake limiting the upside. Therefore, in the 1-3 day outlook, a sideways-limited recovery trend is more likely than a clear direction. The price structure, which remains well below SMA20 and SMA50, also limits the strength of upward movement.