A look at the Iran deal that pushed silver to a weekly high, the hawkish dot plot that erased it, and what could drive silver’s next major move.

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It was a week in two parts of the gold market. The good news came early as the Iran war ended, and seemingly for real this time. That news helped to extend a rally that started late last week and lifted gold from a low of $4022 to as high as $4382. The peak came just before the FOMC…

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Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon. The Iranian Revolutionary Guard Corps Navy issued a warning to all vessels: “Do not approach the Strait of Hormuz; otherwise, your security will be jeopardized.”…

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2026.06.19 2026.06.19 USD/CAD: Elliott Wave Analysis and Forecast for 19.06.26–26.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3766 with a target of 1.4536–1.4788. A buy signal: the price holds above 1.3766. Stop Loss: below 1.3725, Take Profit: 1.4536–1.4788. Alternative scenario: Breakout and consolidation below the…

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The Fed held rates but the hawkish dot plot did the damage: the dollar broke out, gold and Bitcoin fell, and Iran kept oil on its own track.

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Iran’s Khatam-al Anbiya HQ announced that the Strait of Hormuz will be closed to all maritime traffic. The military headquarters cites US breaches of the war-ending deal and ongoing Israeli ceasefire violations, along with the non-withdrawal in Lebanon. They warned this is only the “first step.” The Revolutionary Guard put out a similar statement yesterday. There is an under-discussed…

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Gold is supposed to be the asset you want when the world looks dangerous, which makes this week’s price action quietly remarkable. Bullion ended the week down close to 1.5%, its sixth straight week of lower or flat closes, even as a Middle East war ran into its fourth month and an unsigned ceasefire kept geopolitical risk firmly on…

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2026.06.19 2026.06.19 USD/CHF: Elliott Wave Analysis and Forecast for 19.06.26–26.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 0.7905 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.7905. Stop Loss: below 0.7865, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below 0.7905 will allow the…

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You can see the indecision on the DAX chart shown here but the overall mood was good. The bulk of the move came on Monday as the US and Iran reached a peace deal. That’s driven the price of oil lower and removed a material risk to the eurozone economy. It’s concerning there was no follow through but the…

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The Australian Dollar spent this week as a passenger in someone else’s trade. A hawkish Federal Open Market Committee (FOMC) and a surging US Dollar dragged the Aussie down to the 0.7000 handle, with the pair’s sharp mid-week drop owing more to events in Washington than to anything out of Canberra. Yet the Aussie is not quite the pure…

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