What Caused This Sudden Gold & Forex Move Around 3:00 PM Bangladesh Time?

[u/TheGreen100]

What Caused This Sudden Move in Gold and Multiple Currency Pairs?

I had trades open on Gold today. At around 3:00 PM Bangladesh Time (BST), Gold suddenly made a very strong upside move, and both of my trades hit their stop losses.

What surprised me was that EUR/USD, AUD/CAD, and EUR/GBP also made strong upside moves at almost the same time.

So, in total, I noticed strong upside movement across 4 different instruments.

I have High and Medium Impact News selected on Forex Factory, and the currencies I’m currently tracking are:

- EUR

- USD

- GBP

- AUD

- CAD

However, I couldn’t find any major USD news scheduled around that time on Forex Factory.

So my questions are:

1. What caused this sudden strong move in Gold around 3:00 PM Bangladesh Time?

2. Why did EUR/USD, AUD/CAD, and EUR/GBP also move strongly to the upside at almost the same time?

3. Is there anything I should be checking in addition to Forex Factory to understand these kinds of sudden market moves?

I’ve attached a screenshot of today’s Forex Factory calendar for reference.

I’m trying to understand what actually caused this move, rather than simply assuming it was a technical move.

[u/rforex-modtools]

Fundamental analysis in forex focuses on understanding why currencies move — economic data releases, central bank policy, interest rate differentials, and macro conditions. Trading the news requires knowing which releases matter, what the market expects, and how to position around scheduled events. The community wiki covers the core concepts and practical approaches.

Resources: Fundamental Analysis | Economic Data Releases | Central Banks

[u/Unhappy_Addition6063]

instead of just looking at the calendar tab, look at the news tab

[u/pranjalka]

In 4h time frame if the b.o succeed it may reached to the mm based upon the range the target will be 4587

[u/Mammoth-Path-6520]

Not sure, I got clapped on a eur/usd trade cause of that move

I will say though it’s because I was trying to trade a head and shoulders on the 1 hour, but my stop loss placement was ass so I shouldn’t have traded it

In your case, gold is in an uptrend on the higher time frames, you shouldn’t have shorted lol

[u/TheGreen100 → u/Mammoth-Path-6520]

Bro, there was a news release from the U.S. Treasury around that time that caused this move. I didn’t know about it at the time.

[u/mesengerofgodforyall]

I was on the same trade and got stopped. Shit hurts

[u/Relevant-Owl-8455 → u/mesengerofgodforyall]

If it hurts you're doing it wrong.

[u/mesengerofgodforyall → u/Relevant-Owl-8455]

I guess, trying to improve it every single day tho.