GOLD | Is This the FINAL Short Setup Before the Next Move? Welcome Traders!
Forget the noise — focus on structure and sentiment. Gold is holding firm near $3,950, but the macro backdrop just got tighter.
The question now: Can demand strength beat Powell’s new hawkish tone?
1. Market Insight – Powell vs. Demand
Two forces are pulling Gold in opposite directions:
🐻 Bearish Catalyst:
Powell hinted that another rate cut in December is unlikely, and the Fed plans to continue balance sheet reduction — strengthening the USD and weighing on non-yielding assets like Gold.
🐂 Bullish Support:
Persistent central bank demand and ETF inflows continue to provide a safety net, tightening overall Gold supply.
🎯 Outlook:
Expect sideways compression before a potential breakout. We’re stalking the strategic Sell Zone to align with the bearish fundamentals.
📊 2. Structure Check – Where Bears Wait
The market is approaching a major confluence zone:
SELL LIMIT Zone: $4,057 — intersection of the descending trendline and key horizontal resistance.
Immediate Support: $4,005 — target for the first leg down.
3. Action Plan – The Short Sniper Setup
Entry: SELL LIMIT $4,057
Stop-Loss: just above the descending trendline
TP1: $4,005 (short-term support retest)
Extended Target: $3,938 if breakdown accelerat
Powell’s hawkish tone is clear — but will bears finally take control from $4,057$, or will central bank demand defend the rally?
