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✅With the Federal Reserve’s interest rate decision released, gold faced resistance above 3700 and entered a phase of high-level consolidation and pullback. The short-term outlook is weak, with attention on the 3660–3650 support zone. If this level breaks, the price may extend its decline toward 3630–3625.
Moving Averages: MA5 and MA10 are flattening with signs of a bearish crossover, while MA20 (around 3627) remains upward-sloping, providing mid-term support.
Bollinger Bands: Price has retested the mid-band support near 3675; if this level fails, a further move toward 3627 is likely.
✅ Trading Strategy Reference:
If the price rebounds to the 3670–3675 area and holds, consider short positions, with targets at 3630–3625.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions , feel free to contact me🤝
✅With the Federal Reserve’s interest rate decision released, gold faced resistance above 3700 and entered a phase of high-level consolidation and pullback. The short-term outlook is weak, with attention on the 3660–3650 support zone. If this level breaks, the price may extend its decline toward 3630–3625.
Moving Averages: MA5 and MA10 are flattening with signs of a bearish crossover, while MA20 (around 3627) remains upward-sloping, providing mid-term support.
Bollinger Bands: Price has retested the mid-band support near 3675; if this level fails, a further move toward 3627 is likely.
✅ Trading Strategy Reference:
If the price rebounds to the 3670–3675 area and holds, consider short positions, with targets at 3630–3625.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions , feel free to contact me🤝
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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.