Gold reacted precisely at the key OB zone near 3270. Following a clear Break of Structure (BOS) on the H4, Smart Money may be redistributing positions.
🔍 Main scenario:
Price is expected to retrace to the 3349–3360 OB zone, where strong sell-side reactions may occur.
If that fails, the next likely move is a drop toward the high-liquidity demand zone at 3215, where buyers could re-enter.
📰 Key macro drivers:
Final GDP and PCE data show slight economic cooling in the US, reinforcing expectations that the Fed will maintain higher-for-longer rates.
Trump’s recent comments stir political uncertainty, increasing safe-haven demand for gold.
🎯 Strategy:
Look for confirmed short setups near 3349–3360.
Consider longs at 3215 if strong bullish reaction forms.
🔍 Main scenario:
Price is expected to retrace to the 3349–3360 OB zone, where strong sell-side reactions may occur.
If that fails, the next likely move is a drop toward the high-liquidity demand zone at 3215, where buyers could re-enter.
📰 Key macro drivers:
Final GDP and PCE data show slight economic cooling in the US, reinforcing expectations that the Fed will maintain higher-for-longer rates.
Trump’s recent comments stir political uncertainty, increasing safe-haven demand for gold.
🎯 Strategy:
Look for confirmed short setups near 3349–3360.
Consider longs at 3215 if strong bullish reaction forms.
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.
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.