GOLD LOSES MOMENTUM AFTER FOMC – BUY OR SELL OPPORTUNITY TODAY?GoldOANDA:XAUUSDChum_trades1. Market Context Yesterday, the market showed a clear risk-averse sentiment, leading safe-haven flows into gold. This pushed the price back up to retest the 4130–4133 resistance zone — an area where gold has repeatedly failed to break through. During the US session, the FOMC minutes were released with a notably hawkish tone: The Fed is not ready to cut interest rates yet. They want more data before the December meeting. Some members even want to maintain a tighter stance. This message weakened gold’s bullish momentum, causing the price to correct down from the highs. 2. BUY Zones for the Day 🎯 Ideal BUY (highest priority): 4010 3998 🎯 Extended BUY: 4010 – 4015 4035 – 4040 → These are solid support areas, suitable for traders looking to catch intraday rebounds. 3. SELL Zones 🔥 Strong SELL (major resistance): 4130 – 4133 🔥 Extended SELL: 4148 – 4150 → Both zones align with multi-tested resistance levels that have shown strong reactions. 4. Special Zone to Watch – Trend Decision Point 📌 4080 – 4085 (Fibo 0.5 – 0.618) If price breaks above 4085 clearly, gold may shift to an intraday bullish trend → prioritize breakout BUY, avoid SELL setups. If 4085 holds, the market remains in range → continue BUY at support & SELL at resistance. 5. Suggested Trading Strategy Style: SL 10 points – TP 10 points Priority: BUY at clear support and SELL at strong resistance Avoid trading in the mid-range (high noise, easy to get stopped out). Enter positions only when price touches key zones — avoid chasing moves.