🟡 GOLD (XAUUSD) — Today's Update
📊 Price above yesterday's range, but still below last week's key resistance zone.
🔑 FOMC result today ~11:30 PM IST — expect range-bound chop till then, real move after.
✅ Break above resistance post-Fed → more upside
❌ Rejection from resistance → pullback risk
⚖️ Most likely: sideways till the announcement
⚠️ Avoid heavy positions before the result.
📊 Price above yesterday's range, but still below last week's key resistance zone.
🔑 FOMC result today ~11:30 PM IST — expect range-bound chop till then, real move after.
✅ Break above resistance post-Fed → more upside
❌ Rejection from resistance → pullback risk
⚖️ Most likely: sideways till the announcement
⚠️ Avoid heavy positions before the result.
❤2
🟡 GOLD (XAUUSD) — Today's Update
📊 Yesterday, price got rejected right at weekly resistance — and yesterday's POC + Value Area High are sitting exactly at that same resistance zone (strong confluence, meaning heavy selling interest there).
The daily candle also swept both the previous day's high and low (stop hunts on both sides) but didn't close beyond either — a classic indecision candle after the Fed event.
🔑 Today, price is now testing yesterday's Value Area Low — this is the key level to watch.
✅ VAL holds → possible bounce back toward yesterday's POC/VAH — but that zone stays a strong resistance unless clearly broken
❌ VAL breaks with a proper close below → value shifting lower, downside continuation likely
⚖️ Could also just chop between VAL-VAH, extending yesterday's indecision
⚠️ Post-FOMC follow-through can still be choppy — avoid oversized bets until direction confirms.
📊 Yesterday, price got rejected right at weekly resistance — and yesterday's POC + Value Area High are sitting exactly at that same resistance zone (strong confluence, meaning heavy selling interest there).
The daily candle also swept both the previous day's high and low (stop hunts on both sides) but didn't close beyond either — a classic indecision candle after the Fed event.
🔑 Today, price is now testing yesterday's Value Area Low — this is the key level to watch.
✅ VAL holds → possible bounce back toward yesterday's POC/VAH — but that zone stays a strong resistance unless clearly broken
❌ VAL breaks with a proper close below → value shifting lower, downside continuation likely
⚖️ Could also just chop between VAL-VAH, extending yesterday's indecision
⚠️ Post-FOMC follow-through can still be choppy — avoid oversized bets until direction confirms.
❤1
Good morning, Traders 👋
🥇 Gold Update:
Price is currently trading inside the previous value area range, following a rejection from the previous week's Value Area Low (VAL).
On the daily candle, price swept the previous day's high before pulling back.
📍 Current Location: Slightly below the previous day's POC and the previous week's VAL — an important zone to watch.
Let's see how price reacts here — will keep you updated as the session unfolds.
🥇 Gold Update:
Price is currently trading inside the previous value area range, following a rejection from the previous week's Value Area Low (VAL).
On the daily candle, price swept the previous day's high before pulling back.
📍 Current Location: Slightly below the previous day's POC and the previous week's VAL — an important zone to watch.
Let's see how price reacts here — will keep you updated as the session unfolds.
❤2
Forwarded from Anuj 7 Star
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⚡️ Up to 500× Leverage
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❤1
⚡ Update: Gold pushing higher, breaking yesterday POC, VAH, and prev week's VAL.
Buyers reclaiming key levels
Buyers reclaiming key levels
❤2