XAU/USD UPDATE
👉 Gold continues to trade below the 4,600 USD area during the Asian session as traders remain cautious ahead of the highly anticipated FOMC policy decision scheduled later today.
👉 Market attention will mainly focus on the post-meeting press conference, where comments from outgoing Federal Reserve Chairman Jerome Powell will be closely watched for further clues regarding the future direction of monetary policy.
👉 At the same time, ongoing tensions and the deadlock between the US and Iran continue to support the US Dollar as a safe-haven asset, limiting upside momentum for gold in the short term.
📌 Technical Outlook
👉 Gold continues to show a bearish structure after repeatedly consolidating and breaking toward lower price zones.
👉 EMA 34, EMA 89, and EMA 200 are all sloping downward, confirming that selling pressure remains dominant.
Resistance zones: 4600–4605 ; 4665–4670
Support zones: 4545–4548 ; 4498–4503
Market structure remains bearish in the short term🔽
📊 Personal Bias
👉 At this stage, the market still favors a bearish-to-sideway scenario ahead of the FOMC decision.
👉 As long as price remains below the 4605 resistance zone, gold is likely to continue moving within a consolidation range between 4605 and 4555 throughout today’s session.
👉 However, volatility may increase sharply before the news release, and the market could extend losses toward the 4500 area if bearish momentum accelerates further.
🔥 Bias Today: SIDEWAY → BEARISH
👉 Gold continues to trade below the 4,600 USD area during the Asian session as traders remain cautious ahead of the highly anticipated FOMC policy decision scheduled later today.
👉 Market attention will mainly focus on the post-meeting press conference, where comments from outgoing Federal Reserve Chairman Jerome Powell will be closely watched for further clues regarding the future direction of monetary policy.
👉 At the same time, ongoing tensions and the deadlock between the US and Iran continue to support the US Dollar as a safe-haven asset, limiting upside momentum for gold in the short term.
📌 Technical Outlook
👉 Gold continues to show a bearish structure after repeatedly consolidating and breaking toward lower price zones.
👉 EMA 34, EMA 89, and EMA 200 are all sloping downward, confirming that selling pressure remains dominant.
Resistance zones: 4600–4605 ; 4665–4670
Support zones: 4545–4548 ; 4498–4503
Market structure remains bearish in the short term🔽
📊 Personal Bias
👉 At this stage, the market still favors a bearish-to-sideway scenario ahead of the FOMC decision.
👉 As long as price remains below the 4605 resistance zone, gold is likely to continue moving within a consolidation range between 4605 and 4555 throughout today’s session.
👉 However, volatility may increase sharply before the news release, and the market could extend losses toward the 4500 area if bearish momentum accelerates further.
🔥 Bias Today: SIDEWAY → BEARISH
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.