Gold Gains on Growing Rate-Cut Hopes Ahead of Fed Meeting

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GOLD Price reached their resistance line which is 2397 and now stabilized under it,

For Today, the price will consolidate between 2397 and 2386 till breaking

Bullish Scenario:
The price should stabilize above 2397 by closing 4h candle above it, to be a bullish trend toward 2412 and 2420

Bearish Scenario:
The price should stabilize under 2397 and 2386 to get 2378 and 2356, by stabilizing under 2378

Key Levels:
- Pivot Line: 2397
- Resistance Levels: 2412, 2420, 2428
- Support Levels: 2386, 2378, 2357

Today's Expected Range:
The price is anticipated to fluctuate between the support at 2378 and the resistance at 2412

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Gold Gains on Growing Rate-Cut Hopes Ahead of Fed Meeting

Gold futures rose 0.3% to $2,388.60 per ounce as anticipation of a U.S. interest-rate cut grows before the Federal Reserve's meeting this week. While a rate hold is expected, any hints of future cuts will be closely watched. Other precious metals also gained, with silver up 0.3% to $28.11 and platinum up 0.7% to $950.70 per ounce. In contrast, copper prices weakened, down 0.2% to $9,073 per metric ton amid concerns over Chinese demand.

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Update

Hit Target +95 pip✅

so now should close at least 1h candle under 2386.5 to be a bearish trend till 2377

If you want you can close another part of your trade and for the rest you stop should above 2397