Good morning!
Yesterday, gold opened with a gap-up and surged to around 3451, but failed to sustain above key resistance. After another failed attempt to break higher, prices gradually turned lower and finally broke below 3400, finding short-term support near 3382.
The primary driver of this decline was a waning of geopolitical risk sentiment, which had previously fueled the rally. Additionally, the market is now pricing in expectations that the Fed will keep rates unchanged, a factor that was likely preemptively reflected in price.
🔍 Fundamental Focus:
Today’s U.S. session will feature a key news release, which may prove decisive for gold’s next directional move. With yesterday’s advance pullback, market dynamics are likely to be more volatile today. We recommend caution, especially ahead of the announcement.
📉 Technical View:
Gold is currently in a post-decline consolidation phase.
The main resistance lies between 3430–3450, while 3415 on the 30-minute chart also presents a short-term cap.
For those entering long positions, target zones should remain conservative, ideally around 3412–3418, and then be adjusted depending on volume momentum and breakout structure.
📊 Weekly Structure Outlook:
The weekly chart shows that gold is at a key trend inflection point.
If no additional bullish catalysts emerge, the market is likely to develop into a bearish consolidation, with the next major downside target around 3200.
📌 Trading Plan (For VIP):
✅ Sell Zone: 3436–3466
✅ Buy Zone: 3347–3323
✅ Flexible Trade Zones: 3428 / 3415 / 3403 / 3392 / 3378 / 3362 / 3354
Yesterday, gold opened with a gap-up and surged to around 3451, but failed to sustain above key resistance. After another failed attempt to break higher, prices gradually turned lower and finally broke below 3400, finding short-term support near 3382.
The primary driver of this decline was a waning of geopolitical risk sentiment, which had previously fueled the rally. Additionally, the market is now pricing in expectations that the Fed will keep rates unchanged, a factor that was likely preemptively reflected in price.
🔍 Fundamental Focus:
Today’s U.S. session will feature a key news release, which may prove decisive for gold’s next directional move. With yesterday’s advance pullback, market dynamics are likely to be more volatile today. We recommend caution, especially ahead of the announcement.
📉 Technical View:
Gold is currently in a post-decline consolidation phase.
The main resistance lies between 3430–3450, while 3415 on the 30-minute chart also presents a short-term cap.
For those entering long positions, target zones should remain conservative, ideally around 3412–3418, and then be adjusted depending on volume momentum and breakout structure.
📊 Weekly Structure Outlook:
The weekly chart shows that gold is at a key trend inflection point.
If no additional bullish catalysts emerge, the market is likely to develop into a bearish consolidation, with the next major downside target around 3200.
📌 Trading Plan (For VIP):
✅ Sell Zone: 3436–3466
✅ Buy Zone: 3347–3323
✅ Flexible Trade Zones: 3428 / 3415 / 3403 / 3392 / 3378 / 3362 / 3354
Trade active
On the 1-hour chart, gold has formed a clear bullish divergence. Aggressive traders may consider initiating light long positions at current levels. For more conservative traders, it may be prudent to wait for a potential completion of the 30-minute downtrend, with key support expected in the 3368–3358 zone.The immediate resistance area to watch is around 3392–3403.
With an interest rate decision scheduled for today, if gold continues to trade lower during the U.S. session and the data comes out bearish, there’s a higher probability of a rebound—especially if the market has already priced in the negative expectations.
For the U.S. session, the preferred strategy is to buy on dips, focusing on post-news reaction opportunities while keeping risk management a top priority.
Note
Although the Fed’s interest rate decision is scheduled for tomorrow, it does not alter today’s trading outlook. Technically, a rebound in gold is already taking shape, and short-term traders may consider participating in this opportunity.That said, proper position sizing and prudent risk control are essential to navigate any potential volatility ahead.
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I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Related publications
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.