What Next in Gold After Fed Interest rate

💡Key Observations

1. Ranging Market (15-Minute Timeframe):
o The price is consolidating within a tight range near $2762, showing indecision in the
market. This is a typical behavior before a breakout or breakdown.

2. Order Blocks (OB):
o OB on 1H: The $2771-$2772 zone is still acting as a strong resistance. Multiple price
rejections confirm this as a supply zone.
o OB on 30M: A minor order block is visible near $2760-$2762, suggesting short-term demand
in this area.

3. Trendline Support:
o The upward red trendline continues to act as dynamic support. Price is respecting this
trendline, maintaining a bullish structure for now.

4. Demand Zone at POI Level:
o The $2745-$2742 zone remains a critical support area. If the price retraces, this zone is
likely to attract buyers.

5. Fed Interest Rate Impact:
o The Fed's decision to keep interest rates unchanged at 4.5% has added to the ranging
behavior as traders await clearer cues.
6. Overall Trend:
o The broader structure is still bullish, supported by the 200 EMA (blue line) and the
ascending trendline. However, the price is struggling to gain momentum near
the resistance.
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💡Key Levels
• Resistance Levels:
o $2771-$2772 (Major Resistance): Watch for a breakout here for further bullish momentum.
o $2790 (All-Time High): If $2772 is cleared, this is the next target.
• Support Levels:
o $2760-$2762 (30-Minute Order Block): Short-term support zone within the range.
o $2745-$2742 (POI Level): Strong demand zone and key level to hold for bullish
continuation.
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📊 Market Outlook
1. Bullish Case:
o A breakout above $2772 with strong volume could push the price toward the all-time high
of $2790.
o The bullish trendline and 200 EMA provide strong support for this scenario.
2. Bearish Case:
o A breakdown below the trendline and the $2745-$2742 demand zone could lead to a deeper correction, potentially targeting the $2730 level or lower.

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💡Trading Strategy Suggestions

1. For Buyers:
o Enter long positions near the $2745-$2742 demand zone or on a breakout above $2772,
targeting $2790.
o Keep a tight stop-loss below the trendline or $2740 to limit risk.

2. For Sellers:

o Consider short positions near the $2772 resistance if the price continues to reject this
level, targeting $2760 or lower.
o A break below the trendline could also signal a shorting opportunity, aiming for $2730.
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⚠️Conclusion

Gold is in a consolidation phase near the $2762 level, with a strong resistance zone at $2771-$2772. While the overall structure remains bullish, a breakout or breakdown from the range will determine the next move. Keep an eye on key support and resistance levels, along with market news or economic triggers, for clearer direction.

👉 Always follow TP/SL to protect your capital and maximize profits!

Stay tuned for updates once the confirmations are in place!

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Disclaimer: This is for educational purposes only.
Always trade responsibly and manage your risk effectively