FED shaken by politics | Gold eyes new ATH🟡 XAU/USD – 16/09 | Captain Vincent ⚓
🔎 Captain’s Log – News Context
FED & US Politics :
S. Miran elected to the FED Board but still serves as Trump’s economic advisor → concerns FED may face White House influence.
Michelle Mills elected with a narrow 48–47 margin.
Appeals Court blocked Trump from firing L. Cook, affirming FED’s independence, but raising the risk of a legal battle at the Supreme Court.
US Economy :
6:30 AM (US time): Retail Sales release – key consumer spending indicator.
Probability of a -50bps FED cut this week is down to 1.2% , nearly ruled out. FED is almost certain to deliver -25bps next week.
⏩ Captain’s Summary : Politics create noise, but the macro backdrop (FED easing + weak US data) remains the tailwind supporting Gold’s journey toward new ATH.
📈 Captain’s Chart – Technical Analysis
Storm Breaker (Resistance / Sell Zone) :
3706 – 3714 (Fibonacci resistance)
3722 – 3724 (Strong Sell Zone, potential ATH test)
Golden Harbor (Support / Buy Zone) :
FVG Dock: 3666 – 3668
OB Harbor: 3643 – 3645
Strong Low: 3611 (deep support)
Market Structure :
After a series of BoS , Gold broke out of sideways EqH/EqL and surged.
Preferred scenario: retrace to FVG 3666 , then bounce toward 3714 – 3722.
If 3722 breaks successfully → confirms new ATH and extends bullish momentum.
🎯 Captain’s Map – Trade Plan
✅ Buy (priority)
Buy 1 (FVG)
Entry: 3666 – 3668
SL: 3657
TP: 3690 – 3706 – 3714 – 372x
Buy 2 (OB)
Entry: 3643 – 3645
SL: 3632
TP: 3666 – 3700 – 3714 – 372x
⚡ Sell (short scalp at resistance)
Sell Zone
Entry: 3722 – 3724
SL: 3732
TP: 3714 – 3706 – 3690
⚓ Captain’s Note
“The Golden ship has broken free from sideways waters and is heading toward new peaks. Golden Harbor 🏝️ (3666 – 3643) is the safe dock for sailors to gather strength before sailing further. Storm Breaker 🌊 (3722 – 3724) is the big wave, suitable only for short Quick Boarding 🚤 . With dovish winds from the FED, the Golden sails are set toward new ATH.”
