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Why Utility Profits Could Be the Next Target

Electricity prices are heading up. Utility operating costs, raw materials, and fuel (obviously), are all heading up and no sign of stopping. Now higher capital costs courtesy of the Fed can also be expected. All we can say is that it seems like inflation is back, baby. The Fed recently raised its discount rate and Treasury bond yields hit 5%—their highest level in almost two decades. A utility’s cost of capital consists of two parts: 1) the return earned on a risk-free investment (like US Treasury bonds) plus 2) an extra amount added…

OilPrice.comOilPrice.comOilPrice.com22 Sept

Gold Faces Pressure Following Fed Decision

Gold prices (XAU/USD) OANDA:XAUUSD attracted limited buying interest but struggled to break and hold above the psychological threshold of US$4,300 per troy ounce throughout the Asian trading session on Thursday, September 17, 2026. The precious metal hovered close to the nearly six-week low touched the previous day. Gold's decline was triggered by the Federal Open Market Committee's (FOMC) unanimous decision to raise its benchmark interest rate—the first hike since 2023—accompanied by a super-hawkish "Dot Plot" chart. This coincided with a surge in the 10-year US Treasury yield toward 5.0% and intensified Houthi-Saudi aerial combat in Yemen. ---------------------------------------------------------------------------------------------------------------- ✅ US Monetary Policy & Kevin Warsh's Remarks: Unanimous Rate Hike (+25 bps) & Signal for One Further Hike in Dot Plot The Federal Reserve's monetary policy announcement on Wednesday evening (early Thursday morning WIB) solidified the Greenback's dominance: - ⚡Unanimous Rate Decision & Dot Plot Projections: Fed officials unanimously voted to raise the benchmark interest rate by 25 basis points (bps). The updated Dot Plot chart confirmed expectations among top Fed officials to implement one additional rate hike before the end of 2026. - ⚡Remarks by Fed Chair Kevin Warsh: In the post-meeting press conference, Fed Chair Kevin Warsh emphasized that the rate hike decision was driven by the strength of the US economy, the lack of improvement in inflation trends over the summer, and geopolitical turmoil. Warsh asserted that inflation remained "too high and has persisted for too long." - ⚡Record US Bond Yields (Near 5.0%): The yield on the benchmark 10-year US government bond held firm near the 5.0% threshold (its highest level since April 2007). High borrowing costs are eroding the appeal of non-yielding commodities like gold. ---------------------------------------------------------------------------------------------------------------- ✅ Price Action Analysis (H4 Timeframe) From a macro perspective, the H4 structure is in a Bearish/Retest phase. After a gradual decline from the Lower High peak at the 4,511.309 green line, gold slid downward and executed a liquidity sweep (a "wick" penetration) below the local Demand Zone (gray box) to the 4,235.165 level. At the 4,291.105 price level, the most recent H4 candle shows a buying rejection reaction (long lower wick) that successfully pushed the price back into the consolidation floor area. This current green candle indicates a temporary rebound push aimed at filling the imbalance area and testing the Support-Turned-Resistance (SBR) zone above it. ---------------------------------------------------------------------------------------------------------------- ✅ Key Zones: - ⚡Resistance / Supply Zone (SBR): The 4,442.941 green line range (middle gray box / primary SBR & HVN area) and the 4,511.309 green line range (Lower High limit / upper Major Supply Zone). - ⚡Support / Demand Zone: The 4,235.165 – 4,260.000 range (lower gray box where the liquidity sweep occurred) and the 4,154.156 green line (lowest Major Demand Zone stronghold). ---------------------------------------------------------------------------------------------------------------- ✅ Orderflow / Volume Profile (VPVR) Analysis The Volume Profile histogram on the right side of the chart provides a highly precise map of institutional liquidity: - ⚡High Volume Node (HVN) / Upper Local Point of Control (POC): A very dense accumulation of volume is visible above the current price, specifically in the 4,380.000 – 4,442.000 range (indicated by the longest histogram protrusion in the middle section). This HVN level acts as a formidable Orderflow resistance barrier. - ⚡Low Volume Node (LVN) / Volume Vacuum Area below 4,235: Below the 4,235.165 level, extending down to the green line at 4,154.156, the volume histogram shows extreme thinning (a volume vacuum). If sellers succeed in breaking through and triggering a solid H4 candle close below the 4,235.165 base, the decline is projected to accelerate rapidly across this volume void, targeting 4,154.156. ---------------------------------------------------------------------------------------------------------------- ✅ Elliott Wave Analysis Mapping wave cycle movements on the H4 timeframe: ⚡Wave Structure: The sharp decline from the major peak to the 4,280.000 area low is calculated as Sub-Wave A (or Wave 1). The upward bounce that stalled at the green line (4,511.309) is identified as the formation of Sub-Wave B (a micro zigzag correction). ⚡Current Status: The decline from 4,511.309 to 4,235.165 is calculated as part of the Sub-Wave C expansion (or micro Wave 3). The upward bounce from 4,235.165 to 4,291.105 currently represents the formation of a minor corrective sub-wave (relief rally) to retest the price efficiency area. ⚡Projection: Price action is projected to complete this corrective rebound by testing the SBR/HVN area in the 4,340.000 – 4,400.000 range, before reversing downward to break the 4,235.165 base and target the Major Demand floor at 4,154.156.

TITradingView Ideas17 Sept