GOLD (XAU/USD) — Calm Before the FOMC Storm Gold is currently consolidating above $3,950, signaling a pause in volatility as traders await the FOMC decision for the next directional move.
1️⃣ Macro Outlook & Core Bias – FOMC in Focus 🔑
Market Pause: After rebounding during the Asian session, Gold’s upside momentum remains limited. Market participants are cautious ahead of the Fed’s policy update.
Headwinds: Renewed optimism on US–China trade and a slightly stronger USD are capping Gold’s advances.
Game Plan: Stay tactical — identify scalp zones and prepare for a major breakout once the FOMC event unfolds.
2️⃣ Technical Setup – Descending Channel in Play 📉
Structure: Price action is holding above $3,950, but movement remains confined within a descending channel/flag.
Bias: Short-term demand persists, yet the broader structure still favors bears.
Preferred Setup: Watch for BUY scalps from lower demand zones toward the Fibo/channel resistance area.
3️⃣ Trading Plan – Precision & Patience 💰
🟩 BUY Scenario (Long Scalp)
Buy Zone: $3,939.468
Strategy: Look for long scalps targeting the Fibo 0.5 resistance.
Stop-Loss: Tight SL just below the $3,939 level.
🟥 SELL Scenario (Short Setup)
Scalp Sell Zone: $4,015.646 (Fibo 0.5)
→ Short scalps targeting a retest of the channel midline.
Main Sell Zone: $4,046.448 (Fibo 0.618 / Channel Ceiling)
→ Ideal entry for a continuation short, aligning with the overall bearish channel.
4️⃣ Trader’s Take 🚀
The FOMC decision will set the tone —
Are you eyeing a bounce from $3,939, or waiting for the $4,046 rejection to ride the next wave down?
