⏱️ Reading time: 2 minutes
(Trading setup with Entry level, SL and TP)
GOLD is consolidating around $4,300 after repeated tests of support. I continue to favor a downside breakout, provided price can break and hold below the level.
🤔 Why 4300 matters?
Repeated tests can weaken support when buyers struggle to push price away from it. A close below the level with follow-through would strengthen the bearish case.
📌 Potential trade setup:
Priority direction: SELL
Entry zone: 4,295
Target: 4,030
Stop: 4,395
🏦 The Fed factor
The September 16 Fed decision is the next major catalyst. Rate-hike expectations and elevated US yields have pressured gold. With a hike largely priced in, further downside would be better supported by hawkish guidance and renewed strength in yields and the dollar.
♻ Alternative scenario
A brief move below $4,300 followed by a quick reclaim would raise the risk of a false breakout. A sustained recovery above the consolidation high would invalidate this setup.
🎓 The logic behind this market view is explained in more detail in my education material, which can be found in Related publications: “Near and Far Retests: What Every Trader Should Know”
If this post was useful, feel free to boost 🚀 it and share your view in the comments 💬
⚠️ Disclaimer: This is a public market view based on current analysis; market conditions and price direction are subject to change based on news factors and volatility. This is not financial advice. Please do your own research and manage your risk.
(Trading setup with Entry level, SL and TP)
GOLD is consolidating around $4,300 after repeated tests of support. I continue to favor a downside breakout, provided price can break and hold below the level.🤔 Why 4300 matters?
Repeated tests can weaken support when buyers struggle to push price away from it. A close below the level with follow-through would strengthen the bearish case.
📌 Potential trade setup:
Priority direction: SELL
Entry zone: 4,295
Target: 4,030
Stop: 4,395
🏦 The Fed factor
The September 16 Fed decision is the next major catalyst. Rate-hike expectations and elevated US yields have pressured gold. With a hike largely priced in, further downside would be better supported by hawkish guidance and renewed strength in yields and the dollar.
♻ Alternative scenario
A brief move below $4,300 followed by a quick reclaim would raise the risk of a false breakout. A sustained recovery above the consolidation high would invalidate this setup.
🎓 The logic behind this market view is explained in more detail in my education material, which can be found in Related publications: “Near and Far Retests: What Every Trader Should Know”
If this post was useful, feel free to boost 🚀 it and share your view in the comments 💬
⚠️ Disclaimer: This is a public market view based on current analysis; market conditions and price direction are subject to change based on news factors and volatility. This is not financial advice. Please do your own research and manage your risk.
주문취소됨
The price did not form the expected setup for a trade.
⚠️ Public market view only. Not financial advice. DYOR and manage your own risk.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
⚠️ Public market view only. Not financial advice. DYOR and manage your own risk.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.