9/15: Ahead of Rate Decision, Market Enters ConsolidatioGood afternoon, everyone!
Key Resistance: 3643–3652
Key Support: 3633–3623 / 3616–3607
Trading Strategy
Focus on selling at highs and buying at lows within 3658–3628;
This week will be anything but calm — Wednesday’s rate decision is expected to spark another wave of volatility. Whether it turns into big profits or losses depends entirely on risk management, so make sure you’re prepared.
On the 30M chart, price remains capped below the 3643–3648 (extended to 3652–3658) resistance zone. This level is crucial:
A sustained breakout above could trigger another push toward 3668, with room for fresh highs;
Failure to break higher will likely lead to a pullback toward the 3600 area.
Regarding the FOMC decision: the market consensus is for a 25bp move. Any result above or below that would be considered a “surprise.” After the announcement, gold is more likely to follow a spike-and-reversal path — either a brief rally followed by decline, or a direct drop with a rebound later, entering a consolidation phase with a bearish tilt.
⚠️ Reminder: With such a key event ahead, keep positions light and always use stop-loss orders.
