Gold Surges Ahead of FOMC – Big Moves Coming!
📈 Gold Unexpectedly Surges Ahead of FOMC Data – Prepare for Major Volatility 🚀
🔍 Market Overview
After a sharp 60-pip drop at the market open, gold made an unexpected recovery yesterday. Currently, on the H1 chart, price is approaching the 0.618 Fibonacci level, but the reaction here seems weak.
If sellers do not step in with enough strength, gold could continue rising toward the 0.786 Fibonacci zone at 2769 - 2771, where we need to observe price action carefully before entering trades. A key trendline resistance marks the highest barrier in this range.
💡 Key Market Influences:
Asian Bank Holiday (Lunar New Year): Liquidity will be significantly lower today, which may lead to a tighter price range in the Asian and early European sessions.
FOMC Data Release Tonight: The market will closely watch the statements from Fed Chairman Powell, as they could have a major impact on USD (DXY) and set the long-term direction for gold.
📊 Trading Strategy
During the Asian and European sessions, gold may maintain a bullish bias. Look for early BUY opportunities if the price holds around 2763 - 2765.
Wait for clear signals from FOMC before committing to strong positions during the US session.
💡 Intraday Trading Plan
BUY SCALP: 2755 - 2753
SL: 2750
TP: 2760 - 2763 - 2766 - 2770 - ????
BUY ZONE: 2743 - 2741
SL: 2736
TP: 2748 - 2752 - 2755 - 2760 - 2765 - 2770
SELL SCALP: 2771 - 2773
SL: 2776
TP: 2766 - 2762 - 2758 - 2752 - 2748 - 2745
SELL ZONE: 2785 - 2787
SL: 2792
TP: 2783 - 2780 - 2776 - 2772 - 2768 - 2765
⚠️ Important Notes
🔹 Low liquidity in the market could lead to unexpected price swings.
🔹 Be cautious with trades ahead of the FOMC release, as it will determine the next move for USD (DXY) and gold.
🔹 AD’s View: Gold may continue rising before dropping sharply if the FOMC releases statements favoring USD. However, price action confirmation is crucial before entering trades.
👉 Always follow TP/SL to protect your capital and maximize profits!
📢 Take Action Now!
👉 Follow KevinNguyen-SimpleTrade for expert market analysis and high-probability trading strategies! 🚀
👉 Share your thoughts and comment on gold’s expected movement today! 💰
🔍 Market Overview
After a sharp 60-pip drop at the market open, gold made an unexpected recovery yesterday. Currently, on the H1 chart, price is approaching the 0.618 Fibonacci level, but the reaction here seems weak.
If sellers do not step in with enough strength, gold could continue rising toward the 0.786 Fibonacci zone at 2769 - 2771, where we need to observe price action carefully before entering trades. A key trendline resistance marks the highest barrier in this range.
💡 Key Market Influences:
Asian Bank Holiday (Lunar New Year): Liquidity will be significantly lower today, which may lead to a tighter price range in the Asian and early European sessions.
FOMC Data Release Tonight: The market will closely watch the statements from Fed Chairman Powell, as they could have a major impact on USD (DXY) and set the long-term direction for gold.
📊 Trading Strategy
During the Asian and European sessions, gold may maintain a bullish bias. Look for early BUY opportunities if the price holds around 2763 - 2765.
Wait for clear signals from FOMC before committing to strong positions during the US session.
💡 Intraday Trading Plan
BUY SCALP: 2755 - 2753
SL: 2750
TP: 2760 - 2763 - 2766 - 2770 - ????
BUY ZONE: 2743 - 2741
SL: 2736
TP: 2748 - 2752 - 2755 - 2760 - 2765 - 2770
SELL SCALP: 2771 - 2773
SL: 2776
TP: 2766 - 2762 - 2758 - 2752 - 2748 - 2745
SELL ZONE: 2785 - 2787
SL: 2792
TP: 2783 - 2780 - 2776 - 2772 - 2768 - 2765
⚠️ Important Notes
🔹 Low liquidity in the market could lead to unexpected price swings.
🔹 Be cautious with trades ahead of the FOMC release, as it will determine the next move for USD (DXY) and gold.
🔹 AD’s View: Gold may continue rising before dropping sharply if the FOMC releases statements favoring USD. However, price action confirmation is crucial before entering trades.
👉 Always follow TP/SL to protect your capital and maximize profits!
📢 Take Action Now!
👉 Follow KevinNguyen-SimpleTrade for expert market analysis and high-probability trading strategies! 🚀
👉 Share your thoughts and comment on gold’s expected movement today! 💰
تم فتح الصفقة
🔥 80 PIPS IN A SIDEWAYS MARKET – GET READY FOR FOMC! 🚀
📌 Despite the slow and sideways price action today, we still secured 80 pips from the 2755 - 2753 zone! A great result while the market awaits the major impact of the upcoming FOMC data.
⚡ MANAGE YOUR POSITIONS & RISK CONTROL
🔹 Close out any open trades and protect your account ahead of FOMC volatility!
🔹 As expected, price may push up first before a strong drop, so be patient and wait for the news release before taking action!
💡 Everything is already noted in the Plan – just stay cautious and execute wisely!
🔗 Check out the full analysis here: 👉
📢 DON’T MISS OUT!
👉 Follow KevinNguyen-SimpleTrade for the most accurate market insights & real-time trade setups! 🚀
👉 What’s your plan for FOMC? Drop a comment and let’s discuss! 💬📈
👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
👋 KevinNguyen-SimpleTrade brings you exciting updates this week:
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
💥 Highlights for the Week
✅ Gold Signals: 4️⃣-6️⃣ signals daily, optimized for scalping!
✅ Forex Signals: 5️⃣-8️⃣ high-quality trades
👉 t.me/+IetBCbqmnp5iMjll
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