Gold Market Update - XAUUSD post FOMC May 7

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🎤 Context: FOMC day just dropped the mic. Market’s fidgety. Fed held rates steady (no shocker), Powell said plenty (but meant little), and Gold just tap danced at resistance like it’s auditioning for Wall Street’s Got Talent. Let’s dissect it all and get sniper-precise.

🔍 MACRO CONTEXT
💣 FOMC Rate Decision: Rates unchanged. Dovish tilt in Powell’s tone – soft landing narrative holding.
💼 Market Impact: Dollar hesitant, equities flat, Gold caught in limbo near intraday premium.
🧠 Sentiment: Risk-on... cautiously. But Gold's structure says, “I still have traps to set.”

🧠 STRUCTURE INSIGHTS (H4 → M1)
🔹 H4 Bias: Bullish swing (CHoCH → BOS intact), premium territory.
🔹 H1-H4 Key Zone: 3451 = Previous HH, now resistance and first critical liquidity magnet.
🔹 Current PA: Sideways chop just under intraday premium.
🔹 Liquidity Above: Weak High around 3415–3420 ready for sniping.
🔹 Liquidity Below: HL sweep and imbalance open below 3384, with clean demand at 3366–3372.

🎯 SNIPER SELL ZONES
Sell #1 – 3412–3418 (Refined rejection block)
🟪 Confluence: 5M FVG + weak high + premium OB
🎯 Entry: 3412–3418
🛑 SL: 3425
🎯 TP1: 3390
🎯 TP2: 3372
🎯 TP3: 3350

Sell #2 – 3440–3455 (Retest)
💣 Only valid if price breaks above 3420 and sweeps next liquidity.
🟩 Entry: 3440–3455
🛑 SL: 3463
🎯 TP1: 3420
🎯 TP2: 3390
🎯 TP3: 3370

🎯 SNIPER BUY ZONES
Buy #1 – 3366–3372 (H1 OB + FVG confluence)
📌 Real-time unmitigated demand with strong structural confluence
🎯 Entry: 3366–3372
🛑 SL: 3355
🎯 TP1: 3395
🎯 TP2: 3415
🎯 TP3: 3440

Buy #2 – 3322–3330 (Deep liquidity sweep + H4 equilibrium zone)
💧 Only valid if full breakdown under HLs
🎯 Entry: 3322–3330
🛑 SL: 3305
🎯 TP1: 3355
🎯 TP2: 3370
🎯 TP3: 3390

⚔ BIAS
NY Session Bias: Sideways-to-bearish while under 3415
Macro Bias: Still bullish HTF, but intraday liquidity still needs clearing
Risk Note: FOMC aftermath = traps galore. Sniper entries only. No hero buys or chases.

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📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
Trade closed: target reached
Buy #1 - 3366-3372 TP1 and TP2 hit 450+pips profit
Note
Sell #1 : 4412-4418 - TP1 HIT 250+ pips profit

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