Chumtrades XAUUSD Outlook – Will Gold Continue Sideways Today?🎯 XAUUSD – Sideway Day Before FOMC
1️⃣ Market Context
H4 is clearly moving sideways: small candle bodies – long upper and lower wicks, indicating hesitation before FOMC (occurring the night of the 11th into the morning of the 12th).
The price is currently locked in the H4 range:
Lower boundary: 4176–4180
Upper boundary: 4215–4218
Today I am observing the price moving sideways within this range.
2️⃣ Intraday Trading Strategy
🟢 BUY low – priority
Watch for reactions at the zones:
4180 – 4182
4174 – 4178 (bottom of H4 range)
4155 – 415X (most attractive BUY zone)
→ Short target: 4200 – 4210
→ SL below support zone by 100 pips
🔻 SELL high – priority
Watch for reactions at:
4212 – 4218 (top of H4 range)
4230 – 4233 (strong resistance – most attractive sell zone)
→ Target: return to mid-range 4190 → bottom of range 417X
→ SL above resistance zone by 100 pips
The nearest zone is 4202-4198, this entry can be considered
3️⃣ Expected Movement
Today → Sideways within H4 box 4176 ⇆ 4212.
Just trade according to the range: buy low – sell high.
Expected daily fluctuation range is 50-55 prices.
A true breakout may occur tomorrow or the day after, as the market prepares for this week's FOMC.
📌 Note
Prioritize candle reactions at price zones.
Avoid FOMO in the middle of the range.
Divide positions smaller than usual as the market tightens before major news.
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