Gold is consolidating above the 50% retracement (3372) after defending key structure at 3368–3378. Bullish momentum is building as Silver continues to lead, and the US Dollar (DXY) weakens post-FOMC. If buyers step in here, we could see a clean breakout toward 3415–3450 and beyond. But if 3368 breaks, the bull case is temporarily invalidated.
🧭 Technical Highlights:
✅ Support Zone: 3368–3378 (Fibonacci + bullish order block)
✅ Resistance Targets: 3395, 3415.84, 3451.84, 3470+
🔄 Silver Divergence: XAGUSD broke higher → leading XAU bullishly
🔼 Bias: Bullish (as long as 3368 holds)
🌐 Fundamental Drivers:
🏦 Fed dot plot turns dovish – Only 1–2 cuts, but no hikes planned; supports gold upside.
⚔️ Middle East tensions rising – Iran vs. Israel/US rhetoric keeps risk premium high.
📉 DXY weakens after Powell avoided hawkish tone; real yields remain capped.
💬 Silver outperforming on safe-haven + industrial hedge flows.
💡 Trading Plan Summary:
Buy Zone: 3372–3380
TP Zones: 3395, 3415, 3450+
Invalidation: Close below 3368
Confirmation: Break and close above 3395 with volume = signal to scale in
🔔 Keep an eye on:
US Jobless Claims, SNB & BoE Decisions
DXY 98.70 key level
Silver reaction near 36.70–37.20
🧭 Technical Highlights:
✅ Support Zone: 3368–3378 (Fibonacci + bullish order block)
✅ Resistance Targets: 3395, 3415.84, 3451.84, 3470+
🔄 Silver Divergence: XAGUSD broke higher → leading XAU bullishly
🔼 Bias: Bullish (as long as 3368 holds)
🌐 Fundamental Drivers:
🏦 Fed dot plot turns dovish – Only 1–2 cuts, but no hikes planned; supports gold upside.
⚔️ Middle East tensions rising – Iran vs. Israel/US rhetoric keeps risk premium high.
📉 DXY weakens after Powell avoided hawkish tone; real yields remain capped.
💬 Silver outperforming on safe-haven + industrial hedge flows.
💡 Trading Plan Summary:
Buy Zone: 3372–3380
TP Zones: 3395, 3415, 3450+
Invalidation: Close below 3368
Confirmation: Break and close above 3395 with volume = signal to scale in
🔔 Keep an eye on:
US Jobless Claims, SNB & BoE Decisions
DXY 98.70 key level
Silver reaction near 36.70–37.20
Trade active
Note
Trade closed: stop reached
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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.