XAUUSD| Falling as expected after coming under pressure at highs

Jan 29

✅At the 1-hour level, EMA5/MA10 forms a dead cross signal, and the short, medium and long-term moving averages are in a bearish arrangement (EMA5<EMA10<EMA20), indicating that short-term momentum is biased downward. The price continues to be under pressure below the downward trend line, and the rebound high point gradually moves down, which is in line with the bearish characteristics.

✅Impact of the Fed's interest rate decision
🔰Pre-decision logic: The market pre-prices hawkish expectations. If the upper track of the downward channel (currently 2766-2770 area) is not broken before the decision, the technical and emotional resonance may continue the decline.
🔰Potential path after the decision:
📊Pressure scenario: If the price shows stagflation signals (such as long shadows and engulfing patterns) below the historical high (the previous high is the key resistance at the daily level), the prototype of the daily double top structure will appear, and the mid-term top can be confirmed after the neckline breaks.
📊Breakthrough scenario: If the resolution releases an unexpectedly dovish signal and pushes the price to break through the historical high, it is necessary to pay attention to the daily closing above the previous high. At that time, the long space will open up, and the technical target can refer to the extension position (such as Fibonacci 138.2%-161.8%).

🔴Upper resistance: 2766-2770 (previous high of 1-hour chart + upper track of Bollinger Bands), breakthrough needs to verify the daily closing confirmation.
🔵Lower support: 2730-2735 (recent low point platform + Fibonacci 61.8% retracement level), breaking down will open up the space below 2700.

Jan 29

Trade active

🔥PERFECT!!! GOLD SELL 2765💯 DONE HIT TP 2750👏👏👏

Jan 29

Trade closed: target reached

✅As expected, gold has hit a low of around 2745
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