First of all — congratulations to everyone who followed yesterday’s setups!
We sold in the morning and made profits, then bought during the U.S. session — and won again.
Even though the technical analysis was pointing opposite to the news direction, price movement proved once more that the chart often leads before headlines.
Some followers were confused when I mentioned the news was positive for the dollar — which normally means gold should fall — yet buyers secured safe profits above 3938. That was a wise move reflecting good risk control.
Despite the positive Richmond Manufacturing Index and Consumer Confidence data (both supportive for USD), gold respected the technical levels more than fundamentals.
This is normal, as low to medium-impact data rarely outweigh technical setups, unlike major events such as interest rate decisions, which can override technical signals completely.
From the chart:
After dropping from 4019 early yesterday to 3886 around noon, gold reversed and started forming a higher high.
Currently, any dip below 3945 signals minor weakness, below 3928 indicates stronger bearish pressure,
and a confirmed breakdown happens only under 3898–3883.
On the upside, strong resistance persists between 3970–3983, tested since last evening.
A breakout above it could open the way to 4017–4020.
Important Warning:
Today is high-risk.
Expect volatility not only during the FOMC rate decision at 9:00 PM and Jerome Powell’s speech at 9:30 PM,
but possibly much earlier — the “volatility show” can start anytime.
So please trade cautiously.
If you’re new, still learning, or your emotions or account size can’t handle sharp swings —
sit out today and observe.
For learners, use a demo account as if it’s real — that’s one of the best lessons you’ll ever get.
Also note: Meta, Microsoft, and Alphabet (Google) will release earnings today — adding even more volatility.
Bullish Scenario (Buy)
Entry: Safe entry above 3983 (aggressive from 3967)
Targets: (3972–3976) – 3982 – 3994 – 4000 – (4007–4012) – 4021 – 4031 – 4046 – 4055 – 4064 – (4072–4077) – 4084 – 4097 – 4103 – 4117
Don’t feel safe with any buy before breaking 3983. The next key resistance is 4020.
Bearish Scenario (Sell)
Entry: Safe entry below 3928 (aggressive from 3938)
Targets: (3932–3930) – 3922 – 3913 – 3906 – 3901 – 3895 – 3887 – 3873 – (3860–3856) – 3842 – 3821 – 3813 – (3804–3800) – 3793
Notes:
1- This page doesn’t engage with sarcastic or disrespectful comments — if you don’t like the post, just scroll.
Professional discussions are always welcome.
2- If you found this analysis useful, share it — your support makes a real difference!
✍️ We appreciate it, if you drop a comment if you received the analysis clearly.
Disclaimer:
This analysis reflects my personal opinion and market observation only.
It is not investment advice or a buy/sell recommendation.
Trading in financial markets involves high risk, and all decisions remain the trader’s responsibility.
We sold in the morning and made profits, then bought during the U.S. session — and won again.
Even though the technical analysis was pointing opposite to the news direction, price movement proved once more that the chart often leads before headlines.
Some followers were confused when I mentioned the news was positive for the dollar — which normally means gold should fall — yet buyers secured safe profits above 3938. That was a wise move reflecting good risk control.
Despite the positive Richmond Manufacturing Index and Consumer Confidence data (both supportive for USD), gold respected the technical levels more than fundamentals.
This is normal, as low to medium-impact data rarely outweigh technical setups, unlike major events such as interest rate decisions, which can override technical signals completely.
From the chart:
After dropping from 4019 early yesterday to 3886 around noon, gold reversed and started forming a higher high.
Currently, any dip below 3945 signals minor weakness, below 3928 indicates stronger bearish pressure,
and a confirmed breakdown happens only under 3898–3883.
On the upside, strong resistance persists between 3970–3983, tested since last evening.
A breakout above it could open the way to 4017–4020.
Important Warning:
Today is high-risk.
Expect volatility not only during the FOMC rate decision at 9:00 PM and Jerome Powell’s speech at 9:30 PM,
but possibly much earlier — the “volatility show” can start anytime.
So please trade cautiously.
If you’re new, still learning, or your emotions or account size can’t handle sharp swings —
sit out today and observe.
For learners, use a demo account as if it’s real — that’s one of the best lessons you’ll ever get.
Also note: Meta, Microsoft, and Alphabet (Google) will release earnings today — adding even more volatility.
Bullish Scenario (Buy)
Entry: Safe entry above 3983 (aggressive from 3967)
Targets: (3972–3976) – 3982 – 3994 – 4000 – (4007–4012) – 4021 – 4031 – 4046 – 4055 – 4064 – (4072–4077) – 4084 – 4097 – 4103 – 4117
Don’t feel safe with any buy before breaking 3983. The next key resistance is 4020.
Bearish Scenario (Sell)
Entry: Safe entry below 3928 (aggressive from 3938)
Targets: (3932–3930) – 3922 – 3913 – 3906 – 3901 – 3895 – 3887 – 3873 – (3860–3856) – 3842 – 3821 – 3813 – (3804–3800) – 3793
Notes:
1- This page doesn’t engage with sarcastic or disrespectful comments — if you don’t like the post, just scroll.
Professional discussions are always welcome.
2- If you found this analysis useful, share it — your support makes a real difference!
✍️ We appreciate it, if you drop a comment if you received the analysis clearly.
Disclaimer:
This analysis reflects my personal opinion and market observation only.
It is not investment advice or a buy/sell recommendation.
Trading in financial markets involves high risk, and all decisions remain the trader’s responsibility.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.