Gold Futures — Bearish Momentum Building After Fed Cut

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Gold Futures — Bearish Momentum Building After Fed CutMicro Gold FuturesCOMEX_MINI:MGC1!DWoodzGold continues to show weakness after the Fed’s 25bps rate cut. Price rejected the 1H FVG overhead and is pressing down toward yesterday’s low (3660). Key Scenarios: Bearish Case (favored): If we break and close below yesterday’s low (D-L 3660), sellers likely push toward the weekly low (WL ~3627). That move would clean up the liquidity pool and fill the H-TF imbalance. Bullish Case: Only if buyers defend the daily low and reclaim the 1H FVG with strength could we see price revisit 3710 (daily high). Momentum remains on the downside, with ADX > 25 confirming trend conditions. Watching closely for the daily low sweep and possible continuation.