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Gold prices traded sideways in a narrow range, supported by a weak U.S. dollar and dovish expectations from the Federal Reserve. All eyes are on the upcoming PCE – the data will determine the long-term momentum of XAU/USD!
📰 Basics: Wait for the big signal
Advantages of gold: Expectations of an imminent Fed rate cut + safe-haven demand, weakening US dollar.
Key takeaways: PCE data will serve as a “motivator” to confirm the Fed’s policy direction.
📊 4H Technology: Buying Strategy Based on Trends
The market structure remains BULLISH. We are waiting for the correction to enter the trade at the best price:
Ideal buying areas (OTE/Support):
Price: $4,133 – $4,161
Action: Wait for a reversal signal to buy (long).
Upside price target: $4,334, reaching $4,382 (previous high).
Safe Stop: Below $4,046 (under OB), if broken, the bullish structure will be invalidated.
🎯Conclusion: Patience! Wait for the PCE announcement to buy in the $4,133-$4,161 area to improve the risk-reward ratio.
#XAUUSD #GOLD #?????? #PCE #FED #TradingView #MarketStructure #OTE #Forex
