From TradingView · · 50s
Gold Breakout Risk Builds Into Fed
Gold could break higher as Fed rate decisions trigger shifts in markets.
In brief
Gold could break higher as Fed rate decisions trigger shifts in markets. Gold may rise if Fed rate decisions prove dovish relative to market expectations. Originally reported by TradingView.
Gold Breakout Risk
Gold price pressing back toward upper boundary after three days failing to drop below 50-day moving average.
Fed Rate Decision
Markets price four interest rate hikes by Fed by mid-2025, but Fed may struggle to out-hawk that expectation.
Bullish Scenarios
A Fed rate hold could steepen the yield curve, boosting gold prices through curve steepening.
Breakout Confirmation
Sustained break above $4,333 confluence of 23.6% fib retracement and wedge upper boundary confirms bullish breakout.
Price Targets
Gold could reach $4,400 initially, then $4,510.80, before $4,575 and $4,696.80.
Downside Risk
Break below $4,200 could flip directional risks lower, questioning bullish setup.
At a glance
Gold may rise if Fed rate decisions prove dovish relative to market expectations.
