#XAUUSD The current market is in a large-range, choppy consolidation. The daily chart is weak, while the 4-hour chart has seen a short-term rebound after bottoming out. Indicators are neutral and there is no one-way trend.
Resistance levels
First resistance: 4375–4390; strong resistance at 4400. Only after 4400 is firmly reclaimed will the bulls have a chance to further repair.
Support levels
First support: 4320–4330; key strong support: 4290–4300. Once there is a valid break below it, downside room will open up, targeting around 4230.
Intraday trading ideas (range-trading approach; mainly with light positioning)
Key principle: Before the Fed’s decision, strictly avoid heavy positions or chasing trades; sell high and buy low, and cut losses immediately on a breakdown.
Resistance levels
First resistance: 4375–4390; strong resistance at 4400. Only after 4400 is firmly reclaimed will the bulls have a chance to further repair.
Support levels
First support: 4320–4330; key strong support: 4290–4300. Once there is a valid break below it, downside room will open up, targeting around 4230.
Intraday trading ideas (range-trading approach; mainly with light positioning)
Key principle: Before the Fed’s decision, strictly avoid heavy positions or chasing trades; sell high and buy low, and cut losses immediately on a breakdown.