XAUUSD – LANA follows support at 4190-4199 ahead of Fed decision to lower alpha

fundamental analysis

Silver is up about 82% and gold is up about 58% over the past year, indicating that cash flows remain favorable for the precious metals category.
The market expects about a 97% chance of the Fed cutting interest rates by 25 basis points tomorrow, which is a support factor for gold in the medium term as yields fall and the opportunity cost of owning gold falls.
However, prices often fluctuate around short-term support and resistance areas ahead of publication time, so Lana prefers to trade based on technical price areas on M30.

Technical Analysis (M30 – Support/Resistance)
For gold to fall further, it must clearly break through the low near 4199.

The current price reaction is around 4190, which is an important support area: when this area is not broken, gold prices still have the possibility of a range rebound.
Above this is the resistance area 4235-4238, which coincides with the previous FVG/resistance area on the chart – suitable for watching and selling on a rebound in price.

Below this, the 4164-4167 area is the next support level and is where Lana sets a scalping buy mark if the price falls significantly.

In short: Lana prefers to buy at support levels when they are not completely broken.
The sell scenario will only be activated if the price rebounds to the upper resistance area.

Things to note in terms of price
Important support: 4199 – 4190 (recent bottom and short-term support)
4164 – 4167 (next buying area)

Resistance/Watch Zone for Sale: 4235 – 4238

Trading scenario
⭐️ Scenario 1 – Sell at Resistance
Sales: 4235 – 4238
Stop loss: 4243
Take Profit: 4222 – 4205 – 4190

⭐️ Scenario 2 – Purchase at Support
Purchase: 4164 – 4167
Stop loss: 4159
Take Profit: 4182 – 4202 – 4225

👉 Follow Lana on TradingView and get gold news as soon as possible