Gold Daily Call for April 29th, 2026

By Florian Grummes · Published April 29, 2026 · 1 min read · Source: Trading Tag

Gold Daily Call for April 29th, 2026

#gold #firstmininggold #preciousmetals #bullmarket #geopolitics #correction #oversold #support #FOMC #bepatient #long #FF #FFMG 🇨🇦

We were a bit premature yesterday, as the break below the USD 4,600 level triggered another sharp sell-off. Support around USD 4,550 needs to hold in order for a bounce to develop. Overall, gold is oversold and ready for a recovery, but selling pressure was very strong yesterday. Ahead of today’s FOMC meeting, gold is expected to trade sideways between USD 4,550 and 4,610, likely followed by heightened volatility during the press conference.

2026–04–29 MyFX Community Outlook XAUUSD

https://floriangrummes.substack.com/p/gold-daily-call-for-april-29th-2026

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