29/07/2026
Gold Analysis | XAUUSD Pre-FOMC Plan | Gold XAUUSD trading setup
Gold is still trading inside the same range from yesterday, and that tells me one thing...
The market is waiting for the FOMC announcement.
I'm not interested in chasing breakout buys before the news.
Most pre-news breakouts fail because liquidity is taken before the real move begins.
Current Market View
Gold remains inside yesterday's range.
Resistance is still holding.
No interest in buying before FOMC.
Patience is the highest-probability strategy.
My Only Plan
Sell After Buyers Trap
Let price break above resistance first.
Wait for a false breakout (Buyers Trap).
Enter only after bearish confirmation.
Risk is limited to a maximum of 2 SL.
If the trade moves in my favor, I'll look to hold it into the FOMC session.
No breakout buying before the FOMC meeting.
The market often traps traders who rush into pre-news breakouts. I'd rather wait for confirmation than predict the outcome.
! Disclaimer:
Sharing my personal market bias and analysis only for educational purposes.
It is not financial advice..
Always manage your own risk especially during high-impact news events..
Would you trade before FOMC, or wait for confirmation after the news?
Save this analysis and compare it with the live market
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