GOLD CONSOLIDATES POST-FOMC – IS A BIG MOVE COMING?
🌍 MARKET OVERVIEW
🔹 The FOMC has kept interest rates unchanged at 4.25% - 4.5%, aligning with market expectations. This signals a cautious stance from the Fed, as they require more economic data before making further policy adjustments.
🔹 The outlook for the USD remains optimistic, as policymakers are not hinting at early rate cuts. This could apply pressure on gold in the coming days.
🔹 Gold's price action has remained relatively stable post-FOMC, as the news was already priced in, and Asian liquidity remains low due to ongoing holiday celebrations.
💡 Key Market Insights:
Price is likely to stay in a tight range between 2765 - 2755 during the Asian and early European sessions.
If price breaks out of this range, follow the momentum for the next directional move.
📊 KEY PRICE LEVELS
🔴 Key Resistance Levels:
▫️ 2764 - 2771 - 2778 - 2784
🟢 Key Support Levels:
▫️ 2754 - 2749 - 2741 - 2733 - 2719
💡 TRADING STRATEGY
📌 BUY SCALP
🔹 Entry: 2742 - 2740
🔹 SL: 2736
🔹 TP: 2745 - 2749 - 2753 - 2757 - 2760
📌 BUY ZONE
🔹 Entry: 2733 - 2731
🔹 SL: 2727
🔹 TP: 2736 - 2739 - 2742 - 2745 - 2750 - 2755 - ????
📌 SELL SCALP
🔹 Entry: 2770 - 2772
🔹 SL: 2776
🔹 TP: 2766 - 2762 - 2758 - 2753 - 2750
📌 SELL ZONE
🔹 Entry: 2783 - 2785
🔹 SL: 2789
🔹 TP: 2780 - 2777 - 2774 - 2770 - 2765
⚠️ IMPORTANT NOTES
📌 Watch for breakout: If price breaks out of the 2765 - 2755 range, trade in the breakout direction to maximize profits.
📌 Low liquidity in the Asian session: Be cautious of potential price manipulations and fake moves due to thin liquidity post-holiday.
📌 Protect your capital: Always follow TP/SL rules to avoid unnecessary risks and market manipulation.
📢 DON’T MISS OUT!
👉 Follow KevinNguyen-SimpleTrade for expert market insights and high-probability trade setups! 🚀
👉 Which direction do you think gold will break? Drop a comment below and let’s discuss! 💬📈
🔹 The FOMC has kept interest rates unchanged at 4.25% - 4.5%, aligning with market expectations. This signals a cautious stance from the Fed, as they require more economic data before making further policy adjustments.
🔹 The outlook for the USD remains optimistic, as policymakers are not hinting at early rate cuts. This could apply pressure on gold in the coming days.
🔹 Gold's price action has remained relatively stable post-FOMC, as the news was already priced in, and Asian liquidity remains low due to ongoing holiday celebrations.
💡 Key Market Insights:
Price is likely to stay in a tight range between 2765 - 2755 during the Asian and early European sessions.
If price breaks out of this range, follow the momentum for the next directional move.
📊 KEY PRICE LEVELS
🔴 Key Resistance Levels:
▫️ 2764 - 2771 - 2778 - 2784
🟢 Key Support Levels:
▫️ 2754 - 2749 - 2741 - 2733 - 2719
💡 TRADING STRATEGY
📌 BUY SCALP
🔹 Entry: 2742 - 2740
🔹 SL: 2736
🔹 TP: 2745 - 2749 - 2753 - 2757 - 2760
📌 BUY ZONE
🔹 Entry: 2733 - 2731
🔹 SL: 2727
🔹 TP: 2736 - 2739 - 2742 - 2745 - 2750 - 2755 - ????
📌 SELL SCALP
🔹 Entry: 2770 - 2772
🔹 SL: 2776
🔹 TP: 2766 - 2762 - 2758 - 2753 - 2750
📌 SELL ZONE
🔹 Entry: 2783 - 2785
🔹 SL: 2789
🔹 TP: 2780 - 2777 - 2774 - 2770 - 2765
⚠️ IMPORTANT NOTES
📌 Watch for breakout: If price breaks out of the 2765 - 2755 range, trade in the breakout direction to maximize profits.
📌 Low liquidity in the Asian session: Be cautious of potential price manipulations and fake moves due to thin liquidity post-holiday.
📌 Protect your capital: Always follow TP/SL rules to avoid unnecessary risks and market manipulation.
📢 DON’T MISS OUT!
👉 Follow KevinNguyen-SimpleTrade for expert market insights and high-probability trade setups! 🚀
👉 Which direction do you think gold will break? Drop a comment below and let’s discuss! 💬📈
👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
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💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
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