Summary:
The Fed held interest rates unchanged, and Powell’s remarks reduced the likelihood of a rate cut in September — this is fundamentally bearish for gold. Until new fundamental developments emerge, the strategy remains: sell on rallies into resistance.
After reviewing the 4H chart, I see two possible scenarios:
Price continues down to 3245, pulls back to 3283, then resumes the drop toward 3245 or even lower.
Price pulls back immediately toward 3300, then resumes the downtrend toward 3245.
These are ideal cases — I will still wait for clear confirmation before taking action.
🔍 Key Levels to Watch:
• 3323 – Resistance
• 3309 – Resistance
• 3300 – Psychological level
• 3283 – Key resistance
• 3268 – Short-term support
• 3260 – Support
• 3245 – Major support
• 3233 – Support
📈 Intraday Strategy:
• SELL if price breaks below 3268 → target 3265, then 3260, 3255, 3250
• BUY if price holds above 3283 → target 3289, then 3295, 3300, 3305
👉 If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!
Disclaimer: This is my personal view, not financial advice. Always use proper risk control.
The Fed held interest rates unchanged, and Powell’s remarks reduced the likelihood of a rate cut in September — this is fundamentally bearish for gold. Until new fundamental developments emerge, the strategy remains: sell on rallies into resistance.
After reviewing the 4H chart, I see two possible scenarios:
Price continues down to 3245, pulls back to 3283, then resumes the drop toward 3245 or even lower.
Price pulls back immediately toward 3300, then resumes the downtrend toward 3245.
These are ideal cases — I will still wait for clear confirmation before taking action.
🔍 Key Levels to Watch:
• 3323 – Resistance
• 3309 – Resistance
• 3300 – Psychological level
• 3283 – Key resistance
• 3268 – Short-term support
• 3260 – Support
• 3245 – Major support
• 3233 – Support
📈 Intraday Strategy:
• SELL if price breaks below 3268 → target 3265, then 3260, 3255, 3250
• BUY if price holds above 3283 → target 3289, then 3295, 3300, 3305
👉 If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!
Disclaimer: This is my personal view, not financial advice. Always use proper risk control.
Note
Pending order to BUY at 3283 and set the SL at 3280Trade active
Order filled!!!!THE TP1 is 3288
TP2 is 3292
TP3 is 3297
Note
that was quick one, take 70% of position profit at 3286.15Note
Lets watch if the 5 min candle close above 3286.5, if hold above it wait for the 3288 to take profit 10% of the original position
if not hold above then move the SL to BE
Note
Lock in the profits here and close all positions. We’ve caught a $3 move on XAUUSD.Note
Short-Term (15m) Trading Strategy:• SELL if price breaks below 3285 → watch 3283, then target 3280 3278 3275
• BUY if price holds above 3389 → watch 3292, then target 3297 3300 3305
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.
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.