The Fed's early morning decision released hawkish signals, gold declined sharply and oscillated at low levels. Short-term bias is weak but there is potential for oversold recovery. Morning focus is on rebound highs for shorting and cautious long positions, avoiding blind chasing.
Key Levels
Support: 4800–4810
Resistance: 4890–4900
Operating Recommendations
Rebound to 4890–4900 encounters resistance, go short with stop loss above 4920, target 4830–4800, break below watch 4780.
Pullback to 4800–4810 stabilizes, light long positions can be tried with stop loss below 4770, target 4860–4880.
Post-decision market volatility is severe; strictly use light positions with stop losses, avoid holding through adverse moves or betting on one direction, trend-following operations are safer.
Aname Gold Morning Strategy
The Fed's early morning decision released hawkish signals, gold declined sharply and oscillated at low levels. Short-term bias is weak but there is potential for oversold recovery. Morning focus is on rebound highs for shorting and cautious long positions, avoiding blind chasing.
Key Levels
Support: 4800–4810
Resistance: 4890–4900
Operating Recommendations
Rebound to 4890–4900 encounters resistance, go short with stop loss above 4920, target 4830–4800, break below watch 4780.
Pullback to 4800–4810 stabilizes, light long positions can be tried with stop loss below 4770, target 4860–4880.
Post-decision market volatility is severe; strictly use light positions with stop losses, avoid holding through adverse moves or betting on one direction, trend-following operations are safer.