The Fed's early morning decision released hawkish signals, causing gold to decline sharply and consolidate at lower levels. Short-term weakness is present but there is potential for oversold recovery. The morning session focuses on selling on rebounds and cautiously attempting long positions, without blindly chasing orders.
Key Levels
Support: 4800–4810
Resistance: 4890–4900
Trading Recommendations
On rebounds to 4890–4900, initiate short positions upon resistance. Stop loss above 4920, targets 4830–4800, break below looks to 4780.
On pullbacks to 4800–4810, if consolidation holds, attempt long positions with light positions. Stop loss below 4770, targets 4860–4880.
Post-decision market volatility is intense; maintain strict light positions with stop losses, avoid holding or betting on one-sided movements, trading with the trend is more stable.
Aming Gold Morning Strategy
The Fed's early morning decision released hawkish signals, causing gold to decline sharply and consolidate at lower levels. Short-term weakness is present but there is potential for oversold recovery. The morning session focuses on selling on rebounds and cautiously attempting long positions, without blindly chasing orders.
Key Levels
Support: 4800–4810
Resistance: 4890–4900
Trading Recommendations
On rebounds to 4890–4900, initiate short positions upon resistance. Stop loss above 4920, targets 4830–4800, break below looks to 4780.
On pullbacks to 4800–4810, if consolidation holds, attempt long positions with light positions. Stop loss below 4770, targets 4860–4880.
Post-decision market volatility is intense; maintain strict light positions with stop losses, avoid holding or betting on one-sided movements, trading with the trend is more stable.