Gold Spot / U.S. Dollar
Long
Updated

Will gold continue to accumulate or is it ready to surge higher?

78
Powell hints at a 0.25% rate cut in September (86% probability per CME FedWatch)!
Gold rises in a low-interest-rate environment, but PCE data on August 29 (projected core inflation at 2.9%) could shift the game.
Gold just swept the FVG and is back in range—BUY or SELL?

📈 Technical Analysis:

After a long accumulation phase, gold dropped sharply to 336x, then rallied quickly, breaking the 3378 support. The FVG sweep signals Smart Money manipulation!
Currently, prioritize BUY, but optimize entries at key FVG zones.

💡 Key Price Levels:

Resistance: 3379, 3386, 3395
Support: 3358, 3351, 3345, 3341

🔥 Trading Strategies:

BUY Scalp: 3358-3356,
SL 3353
TP 3364-3374-3385

BUY Zone: 3345-3343,
SL: 3335
TP: 3358-3368-3386-3394

SELL Zone: 3394-3396,
SL: 3400
TP: 3386-3378-3369-3358

#GoldTrading #TradingView #XAUUSD #ForexSignals #FedRateCut #PCEData #DailyPlan
Trade active
snapshot

- SELL ZONE 3394 - 3396 + 150pips running

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