POST-FOMC MARKET OUTLOOK | Is Gold Poised for More Gains?🟡 GOLD 08/05 – POST-FOMC MARKET OUTLOOK | Is Gold Poised for More Gains?
After last night’s FOMC meeting, the outcome came in line with expectations — the Fed held rates steady at 4.25%–4.50% and maintained a hawkish tone. Powell reinforced that there is no urgency to cut rates and that future policy will depend on incoming economic data.
Despite some dovish hopes from the market, the Fed remained cautious — no pivot, no surprises.
🔥 Geopolitical Tensions:
Meanwhile, geopolitical stress between India and Pakistan is escalating again around the Jammu-Kashmir region. This could continue to act as a bullish driver for gold, especially in Asia where safe-haven demand is more sensitive to border conflicts.
🧠 Market View: BUY Setup Still Dominates
Over the past few sessions, gold has shown strong accumulation followed by solid bullish momentum. As long as candle structure remains healthy, buying dips near 338x–336x remains the preferred strategy.
However, if an unexpected catalyst drives a breakdown below 336x with confirmation from candle close, this could invalidate the short-term bullish bias and open the door for a sell setup, targeting the large liquidity gap between 3354 to 3340.
Until then, trade the range — respect top and bottom of key intraday zones.
📉 TECHNICAL ZONES TO WATCH:
🔺 Resistance Levels:
3396
3408
3430
3455
🔻 Support Levels:
3384
3366
3354
3334
🎯 Trade Plan:
🔵 BUY ZONE: 3336 – 3334
SL: 3330
TP: 3340 → 3344 → 3348 → 3352 → 3356 → 3360
🔴 SELL ZONE: 3430 – 3432
SL: 3436
TP: 3426 → 3422 → 3418 → 3414 → 3410 → 3400
⚠️ Key Event Ahead:
Today’s US session brings the Unemployment Claims report — known to trigger high volatility in precious metals. Stay alert, and always wait for confirmation candles before executing trades near critical zones.
✅ Follow for real-time updates and mid-session trade setups.
💬 Drop your view in the comments below – are we going to break higher or revisit liquidity zones?
