Gold Before the FedGOLD (US$/OZ)TVC:GOLDTrade8Eight⏱️ Reading time: 2 minutes (Trading setup with Entry level, SL and TP) GOLD is consolidating around $4,300 after repeated tests of support. I continue to favor a downside breakout, provided price can break and hold below the level. 🤔 Why 4300 matters? Repeated tests can weaken support when buyers struggle to push price away from it. A close below the level with follow-through would strengthen the bearish case. 📌 Potential trade setup: Priority direction: SELL Entry zone: 4,295 Target: 4,030 Stop: 4,395 🏦 The Fed factor The September 16 Fed decision is the next major catalyst. Rate-hike expectations and elevated US yields have pressured gold. With a hike largely priced in, further downside would be better supported by hawkish guidance and renewed strength in yields and the dollar. ♻ Alternative scenario A brief move below $4,300 followed by a quick reclaim would raise the risk of a false breakout. A sustained recovery above the consolidation high would invalidate this setup. 🎓 The logic behind this market view is explained in more detail in my education material, which can be found in Related publications: “Near and Far Retests: What Every Trader Should Know” If this post was useful, feel free to boost 🚀 it and share your view in the comments 💬 ⚠️ Disclaimer: This is a public market view based on current analysis; market conditions and price direction are subject to change based on news factors and volatility. This is not financial advice. Please do your own research and manage your risk.