0805 Gold buyers are not swayed by the Fed's rate decision

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Hello traders,

Fed's Hawkish Hold & Policy Deadlock (May 7 Meeting)

Rates unchanged, no cuts planned. Powell warned tariffs hurt inflation/employment, limiting Fed’s ability to ease.
Stalemate: Trump won’t drop tariffs; Fed won’t cut amid trade risks. Gold’s appeal weakens if rates stay high.

China-U.S. Tensions Escalate

Tariff talks stalled despite Swiss meetings. China’s rate cuts hint at preparing for worst.
Tech war: Trump may lift AI chip curbs to lock China out of global markets, diverting capital from gold.

Gold’s Outlook

Risks Up: U.S.-China breakdown or Fed panic-easing.
Risks Down: Tech truce or tariff U-turns.
Key: Watch politics (talks/Trump) over data. Gold’s moves hinge on policy shifts, not just rates.

On 4h chart, in the Asia morning, Gold was only slightly affected by Fed, but quickly stabilized above the EMA and regained upward momentum.

This could be a great chance to reenter open longing trade on GOLD with 3 targets marked on this chart.

GOOD LUCK!
LESS IS MORE!
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Waiting for price back above EAMS
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