Good morning team. Early morning interest rate decision landed strictly in line with expectations. Apart from Gold ($XAU), major assets showed muted volatility and ultimately reverted to technical market structures.
Current price action represents a classic natural reaction bounce following the sharp dump. On the 15m frame, price temporarily reclaimed the 120 EMA, but buy-side volume has severely dried up—making a sustained, multi-wave impulse rally highly unlikely.
Key Intraday Resistance: 2,469
Key Intraday Support: 2,390
Given the compressed trading range, swing/position trades are off the table today. For short-term scalps, strictly enforce a "buy low, sell high" range-bound framework. Do not chase breakout/breakdown orders on lower-TF micro levels; save breakout trades exclusively for a clean, decisive breach of the primary 2,390 or 2,469 bounds.