Gold Market Analysis — Key Levels in Focus
Gold is currently trading around 4184, showing mixed momentum as the market reacts to multiple macro factors.
Key levels:
Support 1: 4176
Support 2: 4150
Resistance 1: 4218
Resistance 2: 4245
For now, gold is expected to range between 4150 and 4245 ahead of the FOMC announcement.
Bullish case: Increasing chances of a rate cut could push gold to higher levels.
Bearish case: External factors, including China and Japan economic developments, may trigger a downward move toward 4080, especially if the second support (4150) is broken.
Observation: The market remains sensitive to macro developments, and price may oscillate within the range until clear directional catalysts emerge.
Gold is currently trading around 4184, showing mixed momentum as the market reacts to multiple macro factors.
Key levels:
Support 1: 4176
Support 2: 4150
Resistance 1: 4218
Resistance 2: 4245
For now, gold is expected to range between 4150 and 4245 ahead of the FOMC announcement.
Bullish case: Increasing chances of a rate cut could push gold to higher levels.
Bearish case: External factors, including China and Japan economic developments, may trigger a downward move toward 4080, especially if the second support (4150) is broken.
Observation: The market remains sensitive to macro developments, and price may oscillate within the range until clear directional catalysts emerge.
Trade active
Gold continues to follow the structure highlighted earlier.Price held above the 4170 support zone and moved toward the 4220 resistance, showing clean respect for both levels.
Currently around 4207, the market remains within these higher-timeframe zones, and I’m simply watching how price reacts to them in the coming sessions.
Sharing this for learning and discussion only.
Daily Gold, BTC and eurusd analysis. converting market structure, liquidity zones and key levels into clear, actionable set-ups. for more insights follow my telegram channel. t.me/GoldenPipsAnalysis
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.
Daily Gold, BTC and eurusd analysis. converting market structure, liquidity zones and key levels into clear, actionable set-ups. for more insights follow my telegram channel. t.me/GoldenPipsAnalysis
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.