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XAUUSD – US Session Weekly Close Update - FED NEWS

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📰 Macro Outlook

The Federal Reserve remains firm on its 2% inflation target while keeping unemployment low.

The US labor market is showing signs of weakness: job supply stagnates, demand falls → higher unemployment risk.

New tariffs could push inflation higher while also slowing down economic growth.

Fed gradually moves away from FAIT, focusing back on a strict 2% inflation goal.

Powell didn’t promise rate cuts, but hinted at possible policy easing in September if economic conditions align.

🔑 Key Technical Levels
Buy Retest Zone: 3343 – 3345
Mid-term Resistance: 3377 – 3380
Target Buy Zone: 3396 – 3400

✅ Primary Scenario (Bullish Bias)

After a strong breakout from the downtrend, price is likely to retest 3343 – 3345 to build momentum.

Holding above this zone opens the path to 3377 and potentially 3396 – 3400.

🔻 Alternative Scenario

A clean break below 3340 with an H1 close could push price lower toward 3325 – 3320 before a possible recovery.

🎯 Trading Plan for the US Session

BUY on retest 3343 – 3345
SL: below 3338
TP: 3377 → 3396 → 3400

Short-term SELL only if strong rejection appears around 3396 – 3400.

⚡ As liquidity thins out toward the weekend, it’s safer to follow the bullish momentum, scale positions wisely, and avoid chasing price near key resistances.

Disclaimer

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