Gold Volatile After Fed, Rebounds to 3670

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📊 Market Developments:
• After the Fed’s 25 bps rate cut, gold surged sharply and hit a new all-time high at 3707.
• Strong profit-taking and a temporary USD rebound then dragged gold down to 3633 in the Asian session this morning.
• Currently, gold has rebounded to around 3670, showing buying demand returning after the sharp pullback.

📉 Technical Analysis:
• Key Resistance: $3700 – $3707 (new peak).
• Nearest Support: $3630 – $3635 (successfully tested this morning).
• EMA09 (H1): Price just bounced back above the short-term EMA, indicating a short-term recovery trend.
• Candlestick / Momentum: H1 candles printed a long lower wick around 3633 → signal of bottom-fishing demand. Momentum is recovering but resistance at 3700 remains tough, suggesting further choppiness ahead.

📌 Outlook:
Gold is in a highly volatile state following the Fed decision. Holding above 3660–3670 could trigger another test of the 3700–3707 resistance area. Conversely, a break below 3660 may drag gold back to retest 3630.

💡 Suggested Trading Strategy:
• SELL XAU/USD : $3702 – $3705
🎯 TP: 40 / 80 / 200 pips
❌ SL: $3708
• BUY XAU/USD: $3635 – $3638
🎯 TP: 40 / 80 / 200 pips
❌ SL: $3632

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Trade attivo

Gold is likely to tilt toward an upward trend in the U.S. session if it continues to hold above the 3665–3670 zone

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Trade chiuso: obiettivo raggiunto

Gold is currently in a rebalancing phase after the sharp drop. If it holds above 3630 and breaks through 3660, the price could retest the 3680–3700 area. Conversely, losing 3625 would open the risk of further decline toward 3600.