SONA (XAU/USD): BREAKOUT DONE! FED CUT KA FAYDA. KAB KHARIDEIN?📰 Fundamental Analysis: Bada Game Changer (MUST READ)
Bhaiyon aur Behnon, fundamental factors are very strong for Gold (Sona)!
Rate Cut Ki Umeed (Expectation): Market is expecting more than 60% probability for another Fed Rate Cut in December.
Kam rates means Dollar (DXY) will be weak, aur Gold (non-yielding asset) becomes dhamakedaar (explosive/exciting)!
Economy Thodi Slow Hai: US Consumer Sentiment slid to 50.3 (lowest since June 2022). Yeh data supports a 'Dovish' Fed, jisse Sona ko aur support milta hai (which gives more support to Gold).
💡 Is Hafta Ka Main Focus: Watch out for FOMC member speeches on Wednesday. Poora market unki taraf dekh raha hai (The entire market is looking towards them) for the next direction!
📊 Technical Analysis: Setup Ekdum Solid Hai!
Gold ne ek powerful Breakout diya hai from the consolidation range (4,044 - 4,060). Matlab, trend ab pakka Bullish ho gaya hai! (Meaning, the trend is now definitely Bullish!)
Entry Ka Wait Karo (Patience is key): DON'T JUMP IN NOW! Wait patiently for a pullback to the Demand Zone/CP (4,081 - 4,114). This is the best place to initiate a Long position.
Targets (TP): If the CP zone holds, the targets are 4,155, 4,185, and the big level at 4,236.
Stop-Loss (SL): Keep it safe below 4,044.
🎯 Strategy Summary: Fatafat Dekho!
Strategy: Wait and Buy (Long) in the 4,081 - 4,114 area.
Risk: Dhyaan rakhna (Be careful) if price closes below 4,044.
#XAUUSD #Gold #Sona #FedRateCut #Breakout #TechnicalAnalysis #FOMC #IndianTraders
