Gold surges strongly after Fed decision – eyes on 4000+ breakout
1. Market Movements
After the Federal Reserve cut interest rates by 0.25% and signaled a potential end to quantitative tightening (QT), gold extended its strong upward momentum.
Institutional and ETF buying continues to drive prices higher, with gold now testing the key psychological level at $4000/oz.
2. Technical Analysis
• Near-term Support: $3960 – $3970
• Deeper Support: $3935 – $3940 (pre-Fed accumulation zone & H4 EMA50)
• Immediate Resistance: $3988 – $4000
• Extended Resistance: $4025 – $4040 (mid-October technical high)
• Momentum: Both EMA20 and EMA50 on H1 and H4 are sloping upward, confirming strong bullish momentum. RSI remains elevated (70–75), signaling overbought but still strong trend conditions.
• Volume: Continues to rise steadily, showing sustained institutional inflows. However, short-term correction risks remain near $4000 due to overextension.
3. Outlook
The overall trend remains bullish, but caution is advised as gold approaches the $4000–$4040 resistance zone — a potential area of strong profit-taking.
If gold fails to break above $4040 decisively, a short-term pullback toward $3970 or $3940 is likely.
4. Suggested Trading Plan
🔺 BUY XAU/USD
Entry: $3925 – $3928
🎯 TP: 40 / 80 / 200 pips
🛑 SL: $3922
🔻 SELL XAU/USD
Entry: $4037 – $4040
🎯 TP: 40 / 80 / 200 pips
🛑 SL: $4043
After the Federal Reserve cut interest rates by 0.25% and signaled a potential end to quantitative tightening (QT), gold extended its strong upward momentum.
Institutional and ETF buying continues to drive prices higher, with gold now testing the key psychological level at $4000/oz.
2. Technical Analysis
• Near-term Support: $3960 – $3970
• Deeper Support: $3935 – $3940 (pre-Fed accumulation zone & H4 EMA50)
• Immediate Resistance: $3988 – $4000
• Extended Resistance: $4025 – $4040 (mid-October technical high)
• Momentum: Both EMA20 and EMA50 on H1 and H4 are sloping upward, confirming strong bullish momentum. RSI remains elevated (70–75), signaling overbought but still strong trend conditions.
• Volume: Continues to rise steadily, showing sustained institutional inflows. However, short-term correction risks remain near $4000 due to overextension.
3. Outlook
The overall trend remains bullish, but caution is advised as gold approaches the $4000–$4040 resistance zone — a potential area of strong profit-taking.
If gold fails to break above $4040 decisively, a short-term pullback toward $3970 or $3940 is likely.
4. Suggested Trading Plan
🔺 BUY XAU/USD
Entry: $3925 – $3928
🎯 TP: 40 / 80 / 200 pips
🛑 SL: $3922
🔻 SELL XAU/USD
Entry: $4037 – $4040
🎯 TP: 40 / 80 / 200 pips
🛑 SL: $4043
Zlecenie aktywne
Gold remains in a short-term uptrend, and if it holds above the 3960–3950 zone, it could soon break toward the 4000 level.Transakcja zamknięta: osiągnięto wyznaczony cel
Gold is currently consolidating between 3955 and 3980, showing a pause before the next directional move; as long as it holds above 3960, the bullish bias remains intact with potential to retest 3988–4000,but a break below 3950 could trigger a deeper correction toward 3935.
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📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.