Minutes ago, important indices were released from the US, which catalyzed the continuation of gold's downward trend.
Key U.S. Economic Data Just Dropped!
ADP Employment: 104K
GDP q/q: 3.0%
Both came in stronger than expected, signaling that the U.S. economy is holding up better than many thought!
Strong job growth
Solid economic expansion
The result? A stronger U.S. dollar(
DXY) and potential downward pressure on Gold.
All eyes are now on FOMC meeting.
Will the Fed still hint at future rate cuts despite the solid data? Or is the easing cycle officially on hold? What is your idea!?
----------------------
Gold(
XAUUSD) has already managed to break the Support zone($3,350-$3,326), Monthly Pivot Point, 50_EMA(Daily), Support lines, and the lower line of the ascending channel. Also, Gold trading below $3,333 plays an important role for me, which can increase the possibility of a continuation of the downtrend.
I expect Gold to drop to at least the Potential Reversal Zone(PRZ)[$3,285-$3,272] before the FOMO meeting and if the Support zone($3,307-$3,272) is broken, we can expect further declines to $3,253(Second Target).
--------------------------------
Information we need to know:
How should the Federal Funds Rate be announced to cause a deeper drop in Gold?
The Fed needs to take a hawkish stance — meaning:
They keep rates unchanged, but make it clear they intend to keep them elevated for a prolonged period.
They emphasize strong economic data like today's solid ADP and GDP numbers.
They express concern that inflationary risks remain, and cutting rates isn’t on the table anytime soon.
In this case, markets get disappointed, rate cut hopes fade, and gold drops as real yields(
US10Y) rise and the U.S. dollar strengthens.
--------------------------------
Note: Stop Loss (SL) = $3,340
Gold Analyze (XAUUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Key U.S. Economic Data Just Dropped!
ADP Employment: 104K
GDP q/q: 3.0%
Both came in stronger than expected, signaling that the U.S. economy is holding up better than many thought!
Strong job growth
Solid economic expansion
The result? A stronger U.S. dollar(
All eyes are now on FOMC meeting.
Will the Fed still hint at future rate cuts despite the solid data? Or is the easing cycle officially on hold? What is your idea!?
----------------------
Gold(
I expect Gold to drop to at least the Potential Reversal Zone(PRZ)[$3,285-$3,272] before the FOMO meeting and if the Support zone($3,307-$3,272) is broken, we can expect further declines to $3,253(Second Target).
--------------------------------
Information we need to know:
How should the Federal Funds Rate be announced to cause a deeper drop in Gold?
The Fed needs to take a hawkish stance — meaning:
They keep rates unchanged, but make it clear they intend to keep them elevated for a prolonged period.
They emphasize strong economic data like today's solid ADP and GDP numbers.
They express concern that inflationary risks remain, and cutting rates isn’t on the table anytime soon.
In this case, markets get disappointed, rate cut hopes fade, and gold drops as real yields(
--------------------------------
Note: Stop Loss (SL) = $3,340
Gold Analyze (XAUUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
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🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.