๐ก GOLD (XAU/USD) โ New York Session Day-Trading Plan
Gold closed the latest session around $4,290, down roughly 1.4%, with the stronger USD and 10-year Treasury yield above 5% keeping pressure on XAU/USD. The Fed decision tomorrow is also likely to increase volatility.
๐ฏ๏ธ Key NY Levels
๐ Short Setup
๐ป If NY price breaks $4,305 and a 5/15-minute candle closes below it, wait for a retest.
๐ฏ Targets: $4,280 โ $4,250 โ $4,235.
๐ Long Setup
๐ข If price breaks and holds above $4,360, wait for a bullish retest.
๐ฏ Targets: $4,395 โ $4,420.
๐ก Range Setup
If gold remains between $4,305โ$4,360, avoid chasing trades in the middle. Wait for a liquidity sweep and confirmation at either boundary.
๐บ๐ธ What to Watch in New York
๐ต DXY: Continued strength favors sellers.
๐ 10Y yield: Above 5% remains a major headwind for gold.
๐ข๏ธ Oil: Above $100 is increasing inflation/rate-hike concerns.
๐ฆ Fed: Markets are pricing about a 93% probability of a rate hike, making Wednesday's decision a major volatility catalyst.
๐ฏ Day-Trader Bias
๐ด Below $4,360 = bearish preference
๐ข Above $4,360 = bullish recovery potential
๐ป Below $4,305 = stronger short opportunity
โ ๏ธ For the next NY session, prioritize break โ retest โ confirmation rather than entering immediately after a large candle. Fed-related volatility makes false breakouts particularly dangerous.
๐ข This content is for informational and educational purposes only and does not constitute financial, investment, trading, or legal advice.
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