What's in fate of Gold for todays US events.

Here’s a simpler way to understand how high-impact news events might affect gold prices in the short term, especially with events coming up in the next three hours:

There are three possible scenarios:

All Positive for the U.S. Dollar:
If all four key news events release numbers that favor the U.S. dollar, gold is likely to move downward. Since gold has already been under pressure since Trump’s election, more positive U.S. news could push prices down further. In this case, short-selling gold could be a popular choice.

All Negative for the U.S. Dollar:
If all four news releases are unfavorable for the U.S., gold could make a strong upward move, potentially reaching the 2600 level. Here, the 200 EMA (Exponential Moving Average) might act as a resistance point, causing some buyers to start taking profits. This scenario suggests short-term buying opportunities in gold.

Mixed Results:
If the news events have a mix of positive and negative outcomes, we might see a more volatile movement. Gold could initially jump up, then drop down in a sharp reversal, forming an "anti-V" shape before stabilizing with little overall movement. This can leave traders in a difficult position, as gold consolidates with no clear direction.

Recommendation:
It’s best to avoid trading just before or during the news events, as price swings can be unpredictable. Waiting until after the news can help you avoid getting stuck in volatile moves.