GOLD MARKET OUTLOOK Continuation of Bearish Structure Ahead FOMC🟡 GOLD MARKET OUTLOOK – Continuation of Bearish Structure Ahead of FOMC
The market continues to follow the bearish view we’ve held since the start of the week. As of today, price action is forming a descending triangle pattern toward the tip on M30–H1, within a compression zone between a declining trendline and a minor rising trendline.
🔍 Zooming out, the broader chart context shows a clear bear flag formation, and I remain biased toward a further drop into the 294x–293x zone in the coming sessions.
⚠️ Tonight’s US session brings the FOMC meeting, which may trigger high volatility and liquidity sweeps toward unfilled zones below current price. Be cautious!
📌 As long as price fails to break above 3075, there’s no confirmed shift in trend.
The 307x zone remains a key level for sellers — if unbroken, panic selling may intensify and buyers will remain sidelined.
🧠 Global equities are seeing a light rebound — led by late US session gains and some recovery in Asia & India today — but this seems more like a dead-cat bounce than true capital inflow.
→ Remember: CPI & PPI data are still due this week, so don’t rush to FOMO.
🧭 Key Technical Zones: 🔺 Resistance: 3026 – 3045 – 3074
🔻 Support: 2974 – 2957 – 2944 – 2930
🎯 Trade Plan: 🔴 SELL ZONE: 3044 – 3046
SL: 3050
TP: 3040 – 3036 – 3032 – 3028 – 3024 – 3020 – 3010 – 3000
🟢 BUY ZONE: 2976 – 2974
SL: 2970
TP: 2980 – 2984 – 2988 – 2992 – 2996 – 3000
💡 The market remains sensitive — stick with the dominant trend and don’t chase emotional trades.
Always follow your TP/SL rules and be patient — let the market come to you.
Stay safe & trade smart,
— AD | Money Market Flow
