Powell acknowledged a firmer economic footing than earlier, but explicitly flagged weakness in the labour market (low hiring, low firing) as a concern. The fact that Powell is leaning more towards softening employment policies than inflation gives the market room to lean into gold’s narrative.
Bullish approach: Buy on dips toward your liquidity base 4,145–4,150 after confirmation (bullish wick, reversal candle)
Stop-Loss: Below 4,135 (below the extreme discount block
Target 1: 4,200 zone
Target 2: 4,230–4,250 if DXY weakens further post-Fed
Summary
Powell’s speech has given the bulls oxygen; the gold structure confirms it.
As long as 4,140 holds, the path of least resistance is north.
First TP is nearly in sight — the market may even overshoot it on volatility.
Bullish approach: Buy on dips toward your liquidity base 4,145–4,150 after confirmation (bullish wick, reversal candle)
Stop-Loss: Below 4,135 (below the extreme discount block
Target 1: 4,200 zone
Target 2: 4,230–4,250 if DXY weakens further post-Fed
Summary
Powell’s speech has given the bulls oxygen; the gold structure confirms it.
As long as 4,140 holds, the path of least resistance is north.
First TP is nearly in sight — the market may even overshoot it on volatility.
Trade active
1st Target done trailing my Profit to 4230 handle,
hopefully, end of the month, we can hit the 4,300
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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.