Gold with No Drama

good

Still Holding ...BUY

XAUUSD H4

Attached Image (click to enlarge)

but first check D1



you see that you see nothing

Tokyo is off today so.....

Gold M30 Updated Chart
Gold is currently trading in a corrective bearish structure after a strong drop forming a bear flag and rising channel on lower timeframes. Price is struggling below the zone around 4610-4625 showing weak bullish momentum and liquidity building above before a potential move down. As long as price stays below this resistance channel downside continuation towards 4560 and lower remains more likely especially after multiple rejections from mid-range levels.
Today’s FED rate decision is expected to keep interest rates unchanged but the real focus is on the Fed’s speech and future guidance. If powel signals that rates will stay higher for longer due to persistent inflation it will support the US dollar and put bearish pressure on gold. On the other hand any hint of rate cuts or a softer stance could weaken the dollar and give gold a short-term boost.
Overall the current market sentiment is slightly hawkish which favors downside or limited upside in gold unless the Fed surprises with a dovish shift.

Trade Plan – Sell Setup
Sell Zone: 4610-4630
Targets: 4580, 4560, 4515
Invalidation: H1-H4 close above 4650

asian session just has interrupted through fantasy talking by trump and useless aus cpi. otherwise i would be so much closer to TPs

EDIT:TP2 locked at 4480

So far, the Asian Swing has produced 350 pips (thanks Mitiblotch) with the lo at 4576.
London has now joined. Let’s see if the bears can push PA below 4575.
If not, the race of the bears may have been run.

its all set for another bear run to 4540 area. lets see. my first sell will be from 4590.

That's good. And that means money for us, once it happens

IMO, any bullish move today likely be the fake one. PA wil bring it down to 4550 tomorrow, last day of the month.

London has announced their arrival. They have pushed PA down to almost Fib 0 of the Asian Swing

FED rate decision today so price should be D.E.A.D.

Morning, those are my zones for London. Looking for sells.

Morning London.

Just focus on what you think to be. Wednesday is for a weekly low and bearish. IMHO

edited

London has just given us a new lo for the day and a Swing of 190 pips already