[Market Analysis] May 21, 2026 (Thursday) — FOMC Minutes confirm a hawkish stance; gold near $4,550; tonight at 22:45 PMI速報 splits into a turning point
Yesterday's article anticipated “hawkish tone confirmation” as Scenario B. The FOMC Minutes show 4 policymakers voting against, reaffirming concerns about inflation and ongoing policy uncertainty.
- 4 policymakers voted against (showing caution toward rate cuts)
- Many mentions of uncertainties around tariffs and trade policy
- Maintained wait-and-see stance on inflation cooling
- U.S. 10-year yield hovering near multi-month highs
After the minutes were released, gold sold near $4,460. However, it rebounded to around $4,550. It dipped but was supported by buying. Tonight's PMI will determine whether it drops again or rises toward $4,577.
Gold trades around $4,550. Despite the hawkish tone from the FOMC minutes, prices have not broken down significantly; tonight's PMI will set the direction.
If $4,577 is breached, CHAOS_GOLD's drawdown compression begins. Conversely, breaking below $4,500 would make last week's low $4,479 a support. Tonight's PMI will decide the direction.
Tonight's PMI速報 (manufacturing & services) at 22:45 is the top focus today. If PMI falls below 50, recession concerns rise and rate-cut expectations may re-emerge, potentially triggering a dollar weakness and gold buyback.
If PMI beats expectations, hawkish outlook remains, potentially adding downward pressure on gold. Whether the price declines or reverses after the FOMC minutes depends on tonight's numbers.
Gold: attempting to recover from $4,470 to $4,531
Shōkinryū: buyback cycle increases
CHAOS_GOLD: potential start of drawdown compression (hope for Friday trading)
Gold: test around $4,430→$4,400
Shōkinryū: averaging up phase continues
CHAOS_GOLD: drawdown may expand further
- FOMC minutes show hawkish confirmation (4 dissenters). After minutes, price fell to $4,460 but recovered to $4,550
- Tonight's PMI速報 at 22:45 will decide the next direction
- If PMI weak, gold should rebound; if strong, it may head toward $4,430
- CHAOS_GOLD is closed today. Monitor drawdown after Friday
- News filters of both EAs operate automatically around indicators; no manual intervention needed
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