Gold After the expected release of ADP and GDP data from the U.S., Gold (XAUUSD) has entered a bearish trend. Price tested the top resistance at 3334, then reversed to the downside, continuing the correction phase.
📉 Current Trend: Bearish
📊 Resistance Level: 3334
🕒 Upcoming Event: FOMC Decision Today
⚠️ Caution Ahead of FOMC:
The upcoming FOMC meeting could cause high volatility. While the market remains bearish for now, any dovish or unexpected comments from the Fed could trigger a sharp upside move.
👉 Trader’s Note: Stay alert, manage risk carefully, and avoid overexposure before/during the FOMC press conference. This session could become unpredictable — we’ve seen this before.
If You Like this idea if You have any idea about this analysis share in comments Thanks for Supporting.
📉 Current Trend: Bearish
📊 Resistance Level: 3334
🕒 Upcoming Event: FOMC Decision Today
⚠️ Caution Ahead of FOMC:
The upcoming FOMC meeting could cause high volatility. While the market remains bearish for now, any dovish or unexpected comments from the Fed could trigger a sharp upside move.
👉 Trader’s Note: Stay alert, manage risk carefully, and avoid overexposure before/during the FOMC press conference. This session could become unpredictable — we’ve seen this before.
If You Like this idea if You have any idea about this analysis share in comments Thanks for Supporting.
Trade closed: target reached
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✅My Free Signals
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
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t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/KB_TRADING_CLASS
Related publications
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.