Gold Awaits Direction Near $4,000 as Fed Comments Limit UpsideGoldOANDA:XAUUSDMMFlowTrading🔍 Market Context Gold is trading slightly below the $4,000 mark in early Asian hours, pressured by the Fed’s hawkish tone despite weaker US manufacturing data. Fed Chair Jerome Powell signaled that another rate cut this year is “not guaranteed”, tempering expectations for further easing. Meanwhile, ISM Manufacturing PMI slipped to 48.7 in October, below forecast — showing a slowdown, yet not enough to shift the Fed’s cautious stance. Markets currently price in a 70% chance of a 25 bps cut in December and a total 82 bps by end-2026, reflecting moderate easing expectations rather than a full pivot. 📊 Technical Outlook (H1–H4) Gold is consolidating around the 3,984–3,985$ area, forming a reaction base above 3,963$ support. The structure remains within a short-term ascending channel, with the next directional cue likely from the 4,024$ resistance zone. Key Levels: • Support 1: 3,963$ – 3,984$ (liquidity defense zone) • Support 2: 3,923$ (bullish invalidation level) • Resistance 1: 4,024$ • Resistance 2 / Target: 4,046$ A sustained break above 4,024$ could trigger momentum toward 4,046$, confirming trend continuation. Conversely, losing 3,963$ would expose 3,923$ as the next liquidity pool before a potential rebound. 🎯 Trading Outlook Bias remains neutral-to-bullish as long as 3,963$ holds. If price reacts positively at this zone during the Asian session, short-term buyers may step in toward 4,024$–4,046$. However, any fresh hawkish comments from Fed officials could cap gains and trigger profit-taking. ⚜️ MMFLOW Insight: “Liquidity builds where patience fades — smart money waits for the crowd to act first.”