Gold is rebounding after the FOMC, but the broader macro backdrop still does not support a clean bullish reversal.
The Fed kept rates unchanged and signaled that inflation remains a concern, especially with global energy prices still elevated. That keeps pressure on gold because firmer yields and a stronger USD continue to limit upside momentum.
Market View
H2 structure still leans bearish
Price remains inside a descending channel
The current move looks more like a technical rebound than a confirmed reversal
The nearest key resistance is around 4,648, while the main support sits at 4,518
Key Zones
4,648.521 → main resistance
4,605.934 → intermediate reaction zone
4,568.806 – 4,561.760 → current short-term support
4,518.029 → main support
Trading Plan
If price rebounds but fails below 4,648
→ gold may rotate back toward 4,568 – 4,561
If the 4,568 – 4,561 zone breaks clearly
→ downside may extend toward 4,518
If 4,648 is reclaimed and held
→ the post-FOMC rebound becomes more credible, but for now that is still the secondary scenario
MMFLOW View
A rebound after the FOMC is normal.
But looking at both the chart and the macro backdrop, this is still not a clean bullish chart.
As long as gold stays below 4,648, the current bounce should still be treated as a retest inside a downtrend, not a true breakout.
Bias today: Bearish while below 4,648
The Fed kept rates unchanged and signaled that inflation remains a concern, especially with global energy prices still elevated. That keeps pressure on gold because firmer yields and a stronger USD continue to limit upside momentum.
Market View
H2 structure still leans bearish
Price remains inside a descending channel
The current move looks more like a technical rebound than a confirmed reversal
The nearest key resistance is around 4,648, while the main support sits at 4,518
Key Zones
4,648.521 → main resistance
4,605.934 → intermediate reaction zone
4,568.806 – 4,561.760 → current short-term support
4,518.029 → main support
Trading Plan
If price rebounds but fails below 4,648
→ gold may rotate back toward 4,568 – 4,561
If the 4,568 – 4,561 zone breaks clearly
→ downside may extend toward 4,518
If 4,648 is reclaimed and held
→ the post-FOMC rebound becomes more credible, but for now that is still the secondary scenario
MMFLOW View
A rebound after the FOMC is normal.
But looking at both the chart and the macro backdrop, this is still not a clean bullish chart.
As long as gold stays below 4,648, the current bounce should still be treated as a retest inside a downtrend, not a true breakout.
Bias today: Bearish while below 4,648
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Disclaimer
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⚜️Trade with Money Market Flow, logic, Price action
🔥Live Market Updates-Realtime Trading Plans & Signal
t.me/+sBwjxIJbdoFmNjk1
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 16 Signals VIP
MMFLOW gives you precision entries & BIGWIN profits
🔥Live Market Updates-Realtime Trading Plans & Signal
t.me/+sBwjxIJbdoFmNjk1
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 16 Signals VIP
MMFLOW gives you precision entries & BIGWIN profits
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.