Gold holds the 2,3xx shelf into the Fed decision
Buyers keep defending the prior breakout shelf while real yields drift lower. A daily close back under the shelf invalidates the structure and flips the bias flat.
Educational commentary from the Leofins analytics desk. Levels are reference points for your own plan — not signals or investment advice.
Buyers keep defending the prior breakout shelf while real yields drift lower. A daily close back under the shelf invalidates the structure and flips the bias flat.
Rate differentials still favour the dollar and every push above the weekly open has faded within two sessions. Watch the CPI print for the first real test.
Realised volatility is at a three-month low inside a tightening range. Wait for the range break rather than fading the edges into event risk.
Weekend liquidity is thin, so size down. The structure stays constructive while the higher low holds on the daily.
The carry trade still works until it does not. Keep stops wide of the round numbers and size for a two-figure gap.
Two-sided headline risk keeps intraday follow-through poor. Trade the levels, not the narrative, and avoid holding into inventory data.
⚠ Educational content only. Past performance and stated levels do not predict future results.
News trading is allowed on every Leofins account — but spreads widen and fills slip. Plan size around these prints.
Thin books, AUD/NZD focus
JPY crosses, index futures
Peak FX liquidity
US data, indices, metals