Gold faced strong selling pressure after rejecting the 4150–4165 resistance zone and has now fallen back below 4113. Meanwhile, RSI has dropped from overbought territory to below the 50 level, suggesting that short-term bullish momentum is fading.
My primary scenario is for gold to extend its pullback toward the demand zones below, while the 3960 area remains the key line of defense for buyers ahead of the FOMC meeting.
📌 Trading Plan
Resistance:
4110–4115 | 4125–4140 | 4165–4200
Support:
4045–4065 | 3995–4005 | 3960–3970
📌 Personal View
✅ As long as price remains below 4113–4140, I prefer to sell rallies.
✅ The first downside target is the 4045–4065 demand zone. If this area fails to hold, gold could extend its decline toward 3995–4005.
✅ The 3960–3970 zone remains the buyers' final defensive line. I expect this support to continue holding ahead of the FOMC.
⚠️ Avoid chasing short positions near demand zones. A better approach is to wait for price to retest resistance or confirm fresh bearish momentum.
📌 Alternative Scenario
If gold reclaims 4113 and closes firmly above 4140 on the H1 chart, the current decline may prove to be only a temporary pullback. In that case, price could revisit 4165–4200.
In summary, my bias remains to sell rallies while price stays below 4113. The key demand zones at 4045–4065 and especially 3960–3970 will likely determine the next major move, with the FOMC expected to be the catalyst that decides whether buyers can defend this support or finally lose control.
My primary scenario is for gold to extend its pullback toward the demand zones below, while the 3960 area remains the key line of defense for buyers ahead of the FOMC meeting.
📌 Trading Plan
Resistance:
4110–4115 | 4125–4140 | 4165–4200
Support:
4045–4065 | 3995–4005 | 3960–3970
📌 Personal View
✅ As long as price remains below 4113–4140, I prefer to sell rallies.
✅ The first downside target is the 4045–4065 demand zone. If this area fails to hold, gold could extend its decline toward 3995–4005.
✅ The 3960–3970 zone remains the buyers' final defensive line. I expect this support to continue holding ahead of the FOMC.
⚠️ Avoid chasing short positions near demand zones. A better approach is to wait for price to retest resistance or confirm fresh bearish momentum.
📌 Alternative Scenario
If gold reclaims 4113 and closes firmly above 4140 on the H1 chart, the current decline may prove to be only a temporary pullback. In that case, price could revisit 4165–4200.
In summary, my bias remains to sell rallies while price stays below 4113. The key demand zones at 4045–4065 and especially 3960–3970 will likely determine the next major move, with the FOMC expected to be the catalyst that decides whether buyers can defend this support or finally lose control.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.