New York Session Playbook: Buy the Dip Near 4355, Break Above 4382 to Trigger a Short Squeeze
Hello everyone! Today i want to share some macro analysis with you! 1 The New York market opens at 9:30 a.m. Eastern Time! Given the breakout with heavy volume on the 4-hour chart, any blind attempt to short the market by guessing the top without considering momentum is extremely dangerous. The trading strategy for the U.S. session must strictly adhere to the main principle of “buying on dips.” Currently, the middle Bollinger Band (4,382) serves as the “line of life and death” for bulls and bears in the U.S. session. Once the market breaks above 4,382 with strong volume during the U.S. session, the bears will collapse completely, triggering a massive short squeeze rally. If the shakeout early in the U.S. session brings the price back to the 4350–4355 range—near the high of the previous con
Fed Decision to Decide Gold’s Fate: Dovish Surge or Hawkish Collapse?
Key Scenario: The Fed’s Decision Will Determine Gold’s Fate The crux of the matter regarding the decision does not lie in whether or not interest rates will be raised, but rather in the updated economic forecast dot plot and the Fed Chair’s remarks on the future interest rate path during the press conference. A: Dovish reassurance (e.g., implying that current inflation is under control and the tightening cycle is nearing its end) Market Outlook: This would immediately trigger a “gold bull run” as bearish expectations are realized. Technical Development: 4-hour bulls will ignore resistance from moving averages above, breaking through the middle Bollinger Band at $4,436.41 with a large bullish candle, rapidly recouping lost ground in a short time, and making a frantic push toward the 4-hour
XAUUSD H1 Bearish Bias: Sell Rallies Below $4,300–$4,315, with $4,288 Support in Focus Ahead of FOMC
(XAUUSD) The 1-hour chart currently shows a clear bearish trend and a consolidation phase at low levels. After a series of consecutive declines, the gold price has stabilized near $4,288.54 and is attempting to form a short-term support shelf; however, the overall rebound momentum is facing strong resistance from multiple moving averages above and the middle band of the Bollinger Bands. As this week coincides with the highly anticipated September Federal Reserve interest rate decision (FOMC), market expectations for a Fed rate hike have surged significantly to over 85%. The macroeconomic environment poses a bearish risk to gold, a non-interest-bearing asset, in the medium term. Therefore, the trading strategy must follow the trend, focusing primarily on selling on rallies, while supplement
GOLD Has Been Trading Within an Overall Downward-sloping Channel
Hello everyone! Today i want to share some macro analysis with you! Technical Analysis: $XAU/USD(XAUUSD.FOREX)$$Gold - main 2612(GCmain)$ The current gold price is consolidating within a narrow range near the bottom of a key downtrend channel and the 4,330 level! In terms of technical structure, the downtrend channel continues, with lows gradually rising (potential double bottom?). After facing resistance above 4,450 earlier, gold has been trading within an overall downward-sloping channel. Current key price defense zone: strong resistance at 4,350–4,355; strong support at 4,309–4,322. In the short term (over the next few hours), it is highly likely that gold wi
$SPDR S&P 500 ETF Trust(SPY)$$Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$ The current gold price is in a technical pattern characterized by a rebound from a bottom and wide-range volatility. On the H4 chart, the moving averages have formed a very standard and perfect bearish alignment. Even if gold prices rebound, the upside will be extremely limited, as the resistance zone at $4,345–$4,350 will act as an insurmountable barrier. A break below yesterday’s low of $4,311 will trigger a technical sell-off, with downside potential extending directly to $4,250 or even near $4,200. For today, firmly exe
High Oil Prices will Force the Federal Reserve to Adopt a More Aggressive Interest Rate Policy
Hello everyone! Today i want to share some macro analysis with you! Following the U.S. military strike on Iranian oil tankers, Brent crude briefly approached the $100 mark. In the past, an escalation of war has often been a direct positive for gold; however, against the current backdrop of monetary tightening, the surge in oil prices has intensified market fears of a global “reflation.” Investors have realized that high oil prices will force the Federal Reserve to adopt a more aggressive interest rate policy. This has caused the U.S. dollar to rise and gold to continue falling. The key support level is currently at 4,375; if this level cannot be held, gold will continue to seek support at 4,350! Short-term sell positions continue to generate profits!
Technical Analysis: After dipping to $4,341.35 and hitting a short-term support level, gold staged a rebound amid volatility. It subsequently formed a bullish swing high above the 4,450–4,460 range but has recently shifted to a downward correction from these highs. The price action shows signs of a slowing downtrend and stabilization through sideways consolidation at lower levels. If the short-term rebound consistently fails to break through and close above $4,425 on the 1-hour chart, the bears will maintain control. The market is highly likely to break below the local support at 4,360 and initiate a second retest of the extremely dense support zone at 4,310–4,305 below. If bulls force a rally driven by news events (such as a sudden escalation of geopolitical tensions or an unexpectedly we
Gold Range-Bound Ahead of CPI, PPI as $4,450 Resistance Caps Upside
Technical Analysis: The current gold price (4,434.60) is attempting to consolidate above the moving average band on the hourly chart. It faces significant resistance at the 4,440–4,450 level (near the previous high and the upper Bollinger Band). Currently, bulls and bears are engaged in a fierce tug-of-war around the 4,410–4,435 range. As the market awaits the upcoming release of key U.S. inflation data (CPI, PPI) this week to calibrate the interest rate hike path, gold is highly likely to continue trading in a wide range before these major data releases and the interest rate decision are finalized! When the gold price rebounds to the key resistance zone of $4,440–$4,450 and fails to break through with significant volume, traders may consider entering short positions for a short-term trade
Gold Tumbles on Blockbuster NFP, Then Faces Geopolitical Jolt as Markets Brace for Inflation Data
Last Friday (September 4), the release of major U.S. employment data completely disrupted the relatively calm rhythm of the gold market. Spot gold plummeted by more than 2% at one point, hitting a low of $4,364.99 per ounce, before closing at $4,430.15—a daily decline of 1% and a weekly drop of 0.58%. Meanwhile, the settlement price for December gold futures stood at $4,476.60, marking a decline of 1.4%. $XAU/USD(XAUUSD.FOREX)$$Gold - main 2612(GCmain)$ This nonfarm payrolls report, which far exceeded market expectations, not only reinforced expectations that the Federal Reserve might raise interest rates this month but also instantly diminished the appeal of go
GOLD: The Overall Market Sentiment has Now Undergone a Dramatic Reversal
Hello everyone! Today i want to share some macro analysis with you! Following the release of the U.S. ISM Non-Manufacturing PMI, which was clearly another broad-based positive for gold, the U.S. Dollar Index (DXY) plummeted 0.57% to 98.991. The overall market sentiment has now undergone a dramatic reversal. $Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$ H1 Chart: The candlestick chart shows a pattern of several consecutive large bullish candles shooting up like bamboo shoots, with virtually no significant pullback. The price has now reached a high of $4,510.79. Breaking through the 4,500 level signifies that the medium-term bullish trend in the market has bee