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✅With the Federal Reserve’s interest rate decision released, gold faced resistance above 3700 and entered a phase of high-level consolidation and pullback. The short-term outlook is weak, with attention on the 3660-3650 support zone. If this level breaks, the price may extend its decline toward 3630-3625.
Moving Averages: MA5 and MA10 are flattening with signs of a bearish crossover, while MA20 (around 3627) remains upward-sloping, providing mid-term support.
Bollinger Bands: Price has retested the mid-band support near 3675; if this level fails, a further move toward 3627 is likely.
✅ Trading Strategy Reference:
If the price rebounds to the 3670-3675 area and holds, consider short positions, with targets at 3630-3625.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions , feel free to contact me🤝
