XAU/USD Trading Plan – Preparing for Volatility Ahead of FOMC!

⚠️This week, all eyes are on the FOMC meeting on March 19, where the Federal Reserve will announce its interest rate decision and economic outlook. Gold remains in a bullish trend, but it has now reached a key resistance zone that could trigger a correction before determining the next move.

⚠ Important Note: This plan is only valid before the FOMC meeting. As the announcement approaches, traders are advised to close their positions to protect their accounts, as high volatility is expected.

🔥 Fundamental Analysis – What to Expect from the FOMC This Time?
📌 1️⃣ The Fed is Expected to Keep Rates at 4.25% - 4.5%, But…
Dot Plot & Summary of Economic Projections (SEP) will shape market expectations for the future.
If the Fed remains hawkish, the USD could strengthen, putting pressure on gold.
If the Fed signals a dovish stance, the USD could weaken, potentially pushing gold higher.
📌 2️⃣ Global Central Banks Continue to Buy Gold
China, Russia, Poland, and India continue to increase their gold reserves, reducing their reliance on the USD.
This trend supports long-term bullish prospects for gold, although there could be short-term corrections.

📉 Technical Analysis – Key Levels for XAU/USD
🔹 Main Trend: Bullish, but facing strong resistance.
🔹 Price Channel: Gold is still in an uptrend, but a short-term correction may occur.

📌 Key Levels to Watch:
📍 Resistance:
3,055 - 3,071 – If gold fails to break through this level, a correction could follow.
📍 Support:
3,021 - 3,009 – Watch this area in case of a pullback.
2,986 - 2,948 (FVG Zone on H1) – A deeper liquidity level if selling pressure increases.

🎯 Trading Plan – Pre-FOMC Strategy
BUY ZONE: 3010 - 3008
SL: 3004
TP: 3015 - 3020 - 3024 - 3028 - 3032

SELL ZONE: 3054 - 3056
SL: 3060
TP: 3050 - 3046 - 3042 - 3038 - 3030
⚠ Important Warning:
Ahead of the FOMC, consider closing all positions to avoid unnecessary risks, as market reactions can be unpredictable.

🔥 A major wave from the FOMC is coming – trade wisely and protect your capital! 🚀