Gold enters a high-risk environment starting today.
All eyes are on Jerome Powell's speech, which will signal whether the Fed remains firm on its hawkish stance or adopts a more dovish tone.
📈 That said, a broader look at the chart suggests the market has already aligned itself with the dominant trend.
🗓️ In addition to today’s speech, tariff-related news expected on Friday doesn’t seem likely to disrupt the ongoing bullish momentum in gold — or in crypto markets, for that matter.
🧠 That’s the general market read I'm sensing right now, but we’ll have to see how it unfolds.
🎯 Personally, I still view the $3290 level as a solid buy zone, with the potential to become one of gold’s historical bottoms.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.