What Is Gold About to Do Ahead of (or After) the Federal Reserve Decision?
Current Price: $3,397.5 Key Focus: Tight-range activity near $3,400 as markets await the Fed's interest rate announcement
Gold futures are stabilizing near $3,397 as traders brace for today’s Federal Reserve interest rate decision and the press conference with Fed Chair Jerome Powell. With the announcement expected at 2:00 p.m. ET and the press conference at 2:30 p.m. ET, this analysis helps you prepare for potential volatility.
Key Intraday Price Levels to Watch
Current Volume Point of Control (POC): $3,400
Current Value Area: $3,381.5 to $3,407
Key Lower Support Level: $3,366.2 (Yesterday’s VAL)
tradeCompass Thresholds & Scenarios
This marks the Value Area Low from April 22, when gold hit its all-time high. A sustained break above, such as two 30-minute candle closes above this level, may indicate a bullish breakout.
$3,440 – Partial profit area
Tip: Avoid stop-buy orders one tick above this level. Confirmation is key. You can use 30-minute candle closes, ATR filters, or your own preferred method to reduce fakeout risk.
Although $3,366.2 is the value area low from yesterday, deeper confirmation may come only below $3,350, a semi-round number and confluence point with multiple April value areas.
$3,305 – Near May 5 VWAP
$3,251 – Above April 15–16 value zones
Conclusion: Stay Neutral, Stay Prepared
As gold dances around $3,400, don't expect a decisive breakout until after the Fed speaks. When it happens, watch how price interacts with the thresholds outlined above. Let the market reveal its direction — and be ready to act accordingly.
Disclaimer: This is not financial advice. This analysis is provided for decision support only as part of the tradeCompass methodology. Always trade at your own risk.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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