TVC:GOLD Gold rebounded from the $3,931–3,937 support zone, regaining traction above $3,950. The chart shows potential upside toward the $3,981–3,988 resistance zone, though price is still within a short-term range. If buyers maintain momentum, a break above $3,988 could open the way to $4,000. Conversely, failure to hold above $3,931 may trigger renewed downside pressure.
🎯 Trade Setup
Entry: $3,937 – $3,931 (support retest)
Stop Loss: $3,929
Take Profit: $3,981 – $3,987
Risk-Reward Ratio: ≈ 1 : 5.67
🌐 Macro Background
Gold attracted safe-haven bids after snapping a four-day losing streak. As FXStreet’s Haresh Menghani notes: “The US Dollar drifts lower amid shutdown concerns, lending some support to Gold.” 【FXStreet】
The USD weakened despite the Fed’s hawkish stance, pressured by economic uncertainty from the prolonged U.S. government shutdown.
The Trump–Xi meeting offered a softer equity market tone, reflecting lingering geopolitical caution.
The Fed cut rates by 25 bps as expected, but Chair Powell rejected expectations of another December cut, limiting Gold’s upside.
Traders now await FOMC member speeches for clues on the future rate-cut path.
This combination leaves Gold supported by safe-haven demand but capped by Fed’s hawkish tilt.
🔑 Key Technical Levels
Resistance: $3,981 – $3,988
Support: $3,931 – $3,937
Psychological Level: $4,000
📌 Trade Summary
Gold holds firm above $3,950 with renewed safe-haven flows, but faces resistance near $3,985. A bullish setup favours buying dips into support ($3,931–3,937) with targets at $3,987. Caution is warranted as Fed commentary could inject volatility.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
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