📊 This week, all eyes are on the FOMC meeting on March 19, where the Fed will announce its interest rate decision and economic outlook. Gold remains bullish but is now approaching key resistance zones, which could lead to a short-term correction before determining its next direction.
⚠ Important Note: The following PLAN VIEW applies before the FOMC meeting. Once we approach the event, traders should consider closing positions to protect their accounts, as extreme volatility is expected when the news is released.
🔥 Fundamental Analysis – What’s at Stake in This FOMC?
📌 1️⃣ Fed Expected to Hold Rates at 4.25% - 4.5% but…
The Dot Plot & Summary of Economic Projections (SEP) will guide the market’s expectations.
If the Fed maintains a hawkish stance, the USD may strengthen, pressuring gold.
If the Fed signals a dovish shift, the USD could weaken, pushing gold higher.
📌 2️⃣ Central Banks Are Still Buying Gold
China, Russia, Poland, and India continue stockpiling gold, reducing dependence on the USD.
This ongoing trend supports gold’s long-term bullish momentum, despite possible short-term pullbacks.
Technical Analysis – XAU/USD Key Levels
🔹 Primary Trend: Bullish, but facing strong resistance.
🔹 Price Channel: Gold remains within an uptrend, though a short-term pullback is possible.
📌 Key Levels to Watch:
📍 Resistance:
3,055 - 3,071 – If gold faces rejection here, a correction could follow.
📍 Support:
3,021 - 3,009 – A key area to watch if a pullback occurs.
2,986 - 2,948 (FVG Zone H1) – Deeper liquidity levels if selling pressure increases.
🎯 PLAN VIEW – BEFORE FOMC
BUY ZONE: 3010 - 3008
SL: 3004
TP: 3015 - 3020 - 3024 - 3028 - 3032
ELL ZONE: 3054 - 3056
SL: 3060
TP: 3050 - 3046 - 3042 - 3038 - 3030
⚠ Key Warning:
As we approach FOMC, consider closing all positions to avoid unnecessary risks, as the market reaction can be highly unpredictable.
🔥 A storm is coming with the FOMC – trade smart and protect your capital! 🚀
⚠ Important Note: The following PLAN VIEW applies before the FOMC meeting. Once we approach the event, traders should consider closing positions to protect their accounts, as extreme volatility is expected when the news is released.
🔥 Fundamental Analysis – What’s at Stake in This FOMC?
📌 1️⃣ Fed Expected to Hold Rates at 4.25% - 4.5% but…
The Dot Plot & Summary of Economic Projections (SEP) will guide the market’s expectations.
If the Fed maintains a hawkish stance, the USD may strengthen, pressuring gold.
If the Fed signals a dovish shift, the USD could weaken, pushing gold higher.
📌 2️⃣ Central Banks Are Still Buying Gold
China, Russia, Poland, and India continue stockpiling gold, reducing dependence on the USD.
This ongoing trend supports gold’s long-term bullish momentum, despite possible short-term pullbacks.
Technical Analysis – XAU/USD Key Levels
🔹 Primary Trend: Bullish, but facing strong resistance.
🔹 Price Channel: Gold remains within an uptrend, though a short-term pullback is possible.
📌 Key Levels to Watch:
📍 Resistance:
3,055 - 3,071 – If gold faces rejection here, a correction could follow.
📍 Support:
3,021 - 3,009 – A key area to watch if a pullback occurs.
2,986 - 2,948 (FVG Zone H1) – Deeper liquidity levels if selling pressure increases.
🎯 PLAN VIEW – BEFORE FOMC
BUY ZONE: 3010 - 3008
SL: 3004
TP: 3015 - 3020 - 3024 - 3028 - 3032
ELL ZONE: 3054 - 3056
SL: 3060
TP: 3050 - 3046 - 3042 - 3038 - 3030
⚠ Key Warning:
As we approach FOMC, consider closing all positions to avoid unnecessary risks, as the market reaction can be highly unpredictable.
🔥 A storm is coming with the FOMC – trade smart and protect your capital! 🚀
Trade active
💥 US Dollar Index (DXY) – Pre-FOMC Update: Expert Analysis and Trading Strategies 💥
1. Interest Rate Decision and Its Impact on DXY
The policy rate is expected to remain unchanged at 4.25% - 4.50%. However, the market is more focused on signals about future rate cuts, particularly in 2025.
Chair Jerome Powell's post-meeting speech will be the key driver. The market will closely watch for hints on monetary policy, inflation, and the US economic outlook.
If the Fed adopts a hawkish tone (indicating sustained high rates or even further hikes), the DXY could rally strongly. Conversely, a dovish signal could weaken the USD.
🔴 Key Support: 103.18
The DXY is currently under pressure at the 103.18 support level. A break below this level could push the index further down to 103.00 or even 102.50.
This is a crucial zone, as failure to hold here would signal continued USD weakness in the short term.
🟢 Major Resistance: 105.00 and 105.57
If the DXY rebounds from current support levels, the next challenges will be the resistance zones at 105.00 and 105.57.
🔥 After the Fed Announcement:
Scenario 1: Fed Holds Rates and Signals Hawkish Tone
The DXY could rally strongly, targeting resistance levels at 105.00 and 105.57.
Strategy: Look for buy opportunities when the DXY bounces off support or breaks above resistance.
Scenario 2: Fed Signals a Dovish Tone
The DXY could drop sharply, breaking below 103.18 and heading toward 102.50.
Strategy: Look for sell opportunities when the DXY breaks support or fails to surpass resistance.
Scenario 3: Fed Holds Rates Without Clear Signals
The DXY may continue to fluctuate within the 103.00 - 104.00 range.
Strategy: Trade within the range, using identified support and resistance levels.
⚜️ 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.