Trade Setup: Gold $XAU

Gold is currently testing the 4,865 support zone after a sharp drop, driven by macro pressure (rising oil prices + inflation concerns ahead of Fed decisions).

This level is critical:

• Hold above 4,865 → potential bounce / support reaction

• Break below 4,865 → continuation of downside correction

📊 Trade Plan

🟢 Long Setup (Bounce Play)

• Entry: 4,865 – 4,900 (after confirmation candle)

• Target: 4,980 → 5,050

• Stop Loss: Below 4,820

🔴 Short Setup (Breakdown Play)

• Entry: Below 4,850 (on breakdown + retest)

• Target: 4,750 → 4,680

• Stop Loss: Above 4,920

⚠️ Key Note

Wait for confirmation — no blind entries. Market volatility is high due to upcoming Fed moves.

XAU
XAUUSDT
4,694.42
-5.47%

#gold #MarchFedMeeting #Geopolitics