🔎 GOLD WEEKLY SETUP – Will the Fed or Trade Talks Move the Needle?
As we head into a pivotal week, gold finds itself boxed between macro pressures and structural indecision. After bouncing between 3,204 and 3,277 last week, all eyes are now on what could be the two biggest catalysts in months: the FOMC decision and renewed trade signals from Washington and Beijing.
🧭 The Bigger Picture
🇨🇳 China’s surprise
40B tariff waiver suggests de-escalation and improving sentiment.
🇺🇸 US Nonfarm Payrolls came in stronger than expected — adding to hawkish Fed pressure.
💵 DXY & Bond Yields remain strong. As long as the USD holds above 105, upside for gold may remain limited.
🔔 This Week’s Macro Triggers
📆 FOMC Meeting & Powell’s Press Conference
➤ A dovish shift = bullish for gold
➤ Status quo or hawkish tone = room for further downside
📉 US–China Trade Headlines
➤ Continued easing = bearish pressure on gold
➤ New tensions = potential safe-haven bid
📊 Technical Landscape (H4/D1 Chart Focus)
Price action is forming a clear descending wedge, with major support still intact around the 3,204 – 3,224 zone. Previous highs at 3,277 capped last week’s rally and now act as the first barrier to reclaim.
We’re likely to see breakout potential increase mid-week as volatility kicks in post-FOMC.
🎯 Trade Plan – Week of May 6th
🔵 BUY ZONE A:
Entry: 3,204 – 3,202
SL: 3,198
TPs: 3,208 → 3,212 → 3,216 → 3,220 → 3,225 → 3,230
🔴 SELL ZONE:
Entry: 3,276 – 3,278
SL: 3,282
TPs: 3,272 → 3,268 → 3,264 → 3,260 → 3,250 → 3,240
⚠️ Risk Watchlist
🏛 Fed’s tone on rates
📉 DXY approaching 106.5
🌍 Surprise geopolitical or tariff-related news
🧠 Final Thoughts:
This is not a week to predict.
It’s a week to respond.
Gold is coiling. Structure is clear.
Discipline over bias — wait for confirmation, execute with precision.
📌 Follow for midweek intraday updates and real-time FOMC response plans.
As we head into a pivotal week, gold finds itself boxed between macro pressures and structural indecision. After bouncing between 3,204 and 3,277 last week, all eyes are now on what could be the two biggest catalysts in months: the FOMC decision and renewed trade signals from Washington and Beijing.
🧭 The Bigger Picture
🇨🇳 China’s surprise
40B tariff waiver suggests de-escalation and improving sentiment.🇺🇸 US Nonfarm Payrolls came in stronger than expected — adding to hawkish Fed pressure.
💵 DXY & Bond Yields remain strong. As long as the USD holds above 105, upside for gold may remain limited.
🔔 This Week’s Macro Triggers
📆 FOMC Meeting & Powell’s Press Conference
➤ A dovish shift = bullish for gold
➤ Status quo or hawkish tone = room for further downside
📉 US–China Trade Headlines
➤ Continued easing = bearish pressure on gold
➤ New tensions = potential safe-haven bid
📊 Technical Landscape (H4/D1 Chart Focus)
Price action is forming a clear descending wedge, with major support still intact around the 3,204 – 3,224 zone. Previous highs at 3,277 capped last week’s rally and now act as the first barrier to reclaim.
We’re likely to see breakout potential increase mid-week as volatility kicks in post-FOMC.
🎯 Trade Plan – Week of May 6th
🔵 BUY ZONE A:
Entry: 3,204 – 3,202
SL: 3,198
TPs: 3,208 → 3,212 → 3,216 → 3,220 → 3,225 → 3,230
🔴 SELL ZONE:
Entry: 3,276 – 3,278
SL: 3,282
TPs: 3,272 → 3,268 → 3,264 → 3,260 → 3,250 → 3,240
⚠️ Risk Watchlist
🏛 Fed’s tone on rates
📉 DXY approaching 106.5
🌍 Surprise geopolitical or tariff-related news
🧠 Final Thoughts:
This is not a week to predict.
It’s a week to respond.
Gold is coiling. Structure is clear.
Discipline over bias — wait for confirmation, execute with precision.
📌 Follow for midweek intraday updates and real-time FOMC response plans.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.