GOLD (XAU/USDT) Analysis
Current Price: 4534.40
The daily trend is strongly bullish, but price is currently in an overbought zone. RSI is around 72, so entering a long position at the current price carries higher risk.
🟢 LONG Setup — Preferred
1. Pullback Long
Entry: 4480–4500
Confirmation: Wait for a bullish reversal on 15M/1H.
Stop Loss: Below 4440
TP1: 4545
TP2: 4590–4600
TP3: 4640+ if 4600 breaks strongly.
👉 I prefer this setup because buying after a pullback gives better risk/reward.
2. Breakout Long If GOLD breaks 4545–4550 with a strong candle and then successfully retests this area:
Entry: 4545–4560
SL: 4515–4520
TP1: 4590
TP2: 4600+
Next target: 4640–4680
🔴 SHORT Setup
I would not short blindly because the overall trend is bullish.
A short becomes interesting if GOLD reaches 4545–4595 and shows a strong bearish rejection.
Possible Short:
Entry: 4545–4570 after bearish confirmation
SL: 4605–4620
TP1: 4500
TP2: 4450
TP3: 4438–4412
⚠️ If 4595 breaks decisively, cancel the short idea because GOLD could continue higher.
🔑 Key Levels
4595: Major resistance
4545: Immediate resistance
4500–4480: Preferred long zone
4438: MA5 support
4412: MA10 support
4350: Major support
#FOMCWatch #CryptoRally #GOLD_UPDATE
Current Price: 4534.40
The daily trend is strongly bullish, but price is currently in an overbought zone. RSI is around 72, so entering a long position at the current price carries higher risk.
🟢 LONG Setup — Preferred
1. Pullback Long
Entry: 4480–4500
Confirmation: Wait for a bullish reversal on 15M/1H.
Stop Loss: Below 4440
TP1: 4545
TP2: 4590–4600
TP3: 4640+ if 4600 breaks strongly.
👉 I prefer this setup because buying after a pullback gives better risk/reward.
2. Breakout Long If GOLD breaks 4545–4550 with a strong candle and then successfully retests this area:
Entry: 4545–4560
SL: 4515–4520
TP1: 4590
TP2: 4600+
Next target: 4640–4680
🔴 SHORT Setup
I would not short blindly because the overall trend is bullish.
A short becomes interesting if GOLD reaches 4545–4595 and shows a strong bearish rejection.
Possible Short:
Entry: 4545–4570 after bearish confirmation
SL: 4605–4620
TP1: 4500
TP2: 4450
TP3: 4438–4412
⚠️ If 4595 breaks decisively, cancel the short idea because GOLD could continue higher.
🔑 Key Levels
4595: Major resistance
4545: Immediate resistance
4500–4480: Preferred long zone
4438: MA5 support
4412: MA10 support
4350: Major support
#FOMCWatch #CryptoRally #GOLD_UPDATE