Good morning!
Yesterday, the Federal Reserve's interest rate decision aligned with market expectations, bringing no major surprises. The market had already priced in bearish sentiment in advance, which led gold to trade within the Bollinger Bands' upper, middle, and lower bounds, with all three bands trending sideways, indicating limited intraday volatility.
🔍 Technical Overview:
On the 30-minute chart, the Bollinger Bands began to tilt downward near the close, with price currently pressured by the middle band;
However, MACD structure suggests the middle band may be broken, with potential for price to challenge the upper band resistance near 3392–3400;
More importantly, on the 1D chart, the MACD is showing signs of a bearish crossover (death cross). If confirmed, it may break the bullish structure, weakening support from the weekly MA5;
If gold sustains below the weekly MA10 at 3317, it could open the door for a broader correction, with a drop toward 3200 becoming increasingly likely.
📊 Fundamental Factors:
Today’s U.S. market holiday means fewer economic data releases. As such, gold will likely be driven by technical structure and geopolitical headlines, especially those related to the Middle East. If no new developments emerge, selling on rallies remains the preferred strategy.
📌 Trading Plan (VIP-Focused):
✅ Sell Zone: 3392–3409
✅ Buy Zone: 3338–3321
✅ Scalp/Flexible Zones: 3387 / 3373 / 3364 / 3356 / 3345
Yesterday, the Federal Reserve's interest rate decision aligned with market expectations, bringing no major surprises. The market had already priced in bearish sentiment in advance, which led gold to trade within the Bollinger Bands' upper, middle, and lower bounds, with all three bands trending sideways, indicating limited intraday volatility.
🔍 Technical Overview:
On the 30-minute chart, the Bollinger Bands began to tilt downward near the close, with price currently pressured by the middle band;
However, MACD structure suggests the middle band may be broken, with potential for price to challenge the upper band resistance near 3392–3400;
More importantly, on the 1D chart, the MACD is showing signs of a bearish crossover (death cross). If confirmed, it may break the bullish structure, weakening support from the weekly MA5;
If gold sustains below the weekly MA10 at 3317, it could open the door for a broader correction, with a drop toward 3200 becoming increasingly likely.
📊 Fundamental Factors:
Today’s U.S. market holiday means fewer economic data releases. As such, gold will likely be driven by technical structure and geopolitical headlines, especially those related to the Middle East. If no new developments emerge, selling on rallies remains the preferred strategy.
📌 Trading Plan (VIP-Focused):
✅ Sell Zone: 3392–3409
✅ Buy Zone: 3338–3321
✅ Scalp/Flexible Zones: 3387 / 3373 / 3364 / 3356 / 3345
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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.