Gold under a hawkish FOMC shadow: 4,079 caps a fading bounce

Spot XAU is pinned in the lower third of last week's range at 4,043 with every timeframe under its EMA20 and futures markets pricing a 34% hike probability into tomorrow's FOMC. Real yields ticked up another basis point to 2.44% while breakevens fell 5bp — the exact mix that historically caps bullion. DXY is grinding higher through all its daily EMAs into a 60+ RSI, and investing.com's automated tape flashes Strong Sell across MAs, RSI and MACD. Bias is a sell; the only question is whether we get a bounce into 4,064-4,079 to sell before the next leg toward the 3,982 weekly low.

The session

Asia and early London have traded gold in a compact 4,031-4,062 band after Monday's session closed 4,066.84 off a 4,109 high. Price is currently 4,043.45, down 0.30% on the day and essentially flat on the week (-0.04%), which understates the internal deterioration: we've now printed three consecutive daily closes below the daily EMA20 (4,064.20), and today's session is trading below the daily S1 pivot at 4,048.49 as I write. The proximate catalyst is the dollar — DXY +0.56% intraday to 101.54, pushing through its own 1h, 4h and daily EMA20/50 stack — plus positioning ahead of tomorrow's Fed decision. Kitco's spot desk shows gold "SPOT MARKET IS OPEN" with 13 hours to Comex close, and investing.com's own headline framing is unambiguous: "Gold prices slip as firm dollar weighs; Fed decision eyed" and, more usefully for the technical picture, "Gold stuck in $3,955-$4,170 rectangle." That rectangle is the range to trade against until it breaks.

Multi-timeframe read

• 15m — RSI 46, MACD histogram positive but declining (1.24 ↓), price 0.7 below EMA20 and 8.2 below EMA50. This is a stalled bounce inside a downtrend, not a reversal.
• 1h — RSI 36.8 (nearing oversold), MACD histogram negative but curling up (-1.95 ↑). Classic bear-flag geometry: price 12.4 below EMA20, 19.8 below EMA50, oversold enough to bounce but nowhere near a trend change.
• 4h — RSI 44.4, MACD histogram -2.93 ↓, price 19.4 below EMA20. This is the timeframe that most cleanly says "sell rallies."
• 1d — RSI 46, MACD histogram still +8.52 but pointing down, price 20.7 below EMA20, 100.8 below EMA50 (4,144), and a full 322 below EMA200 (4,366). The daily is rolling over from the top of the multi-month range; there is no support on this timeframe until the weekly S1 at 3,971 and the June low at 3,982.

Where the timeframes agree: EMA structure is bearish on every horizon. Where they diverge: the 1h is oversold enough that a mechanical bounce into the 4,064-4,079 supply cluster is the base case before the next leg lower.

Macro frame

Start with what actually drives bullion — the 10y TIPS real yield sits at 2.44%, one basis point higher day-over-day. That's the third consecutive daily uptick and it puts real yields at the top end of their two-month range. The 10y breakeven fell 5bp to 2.21%, so the -4bp move in the 10y nominal to 4.65% is entirely inflation-expectations, not real. Falling breakevens with rising real yields is the textbook gold headwind: less inflation insurance value, higher opportunity cost.

The direction makes sense once you look at Fed-funds futures for tomorrow's FOMC (Jul 29): 0% cut, 66% hold, 34% hike. A one-in-three hike probability into a meeting is not a "hold" — that's the market seriously entertaining a higher-for-longer surprise, and it is repricing the real curve accordingly. Any hint of hawkish language and real yields extend; the hike itself would be an outright gold accident.

DXY at 101.54 (+0.56% intraday, +0.55% week) is confirming: RSI 63 daily, above every EMA on every timeframe, MACD positive. With the 30-day DXY↔XAU daily-return correlation at -0.53, a dollar squeeze on a hawkish Fed print is a mechanical -1% or worse on gold.

Cross-asset frame doesn't rescue the bulls either. VIX 19.09 (+2.2%) is elevated but not panicked — no fear bid into bullion. GVZ at 24.13 is meaningfully above its multi-month floor, telling you the options market is already pricing a bigger-than-normal gold move around the Fed, so the "big surprise" is partly in the vol premium already. Gold/silver at 70.1 with silver at $57.71 is a mid-range PM regime — silver leadership is absent. WTI -1.8% to $81 removes the inflation-hedge case; Bitcoin down 0.5% with equities steady means the "digital gold" bid is not rotating into physical either.

Bottom line: real yields up, breakevens down, DXY firm, Fed distribution asymmetric to the hawkish side. That is a coherent bearish gold macro.

Two scenarios

Note: conviction numbers below are my honest qualitative confidence — not back-tested probabilities.

Sell setup

• Trigger: rejection wick / 15m bearish close in the 4,064-4,079 zone (weekly pivot 4,064.70 + daily pivot 4,079.04 + daily EMA20 at 4,064.20 — three-way confluence, and the underside of the 0.5 fib of last week's range at 4,069.83).
• Invalidation: sustained 1h close above 4,097 (daily R1). That reclaims the daily pivot and puts the weekly R1 at 4,147 in play.
• Target: 3,982 (June low, weekly low), stretch 3,971 (weekly S1).
• Conviction: 62%.
• Rationale: Every timeframe below EMA20, investing.com's automated tape at Strong Sell, real yields rising, and a 34%-hike-probability Fed 26 hours out. The confluence at 4,064-4,079 is dense enough that the first test is more likely to reject than to break; if it does break, the trade simply doesn't happen.

Buy setup

• Trigger: capitulation flush into 4,020-4,030 (daily S2 at 4,030.15, five-session low at 4,020.76) followed by a bullish 15m reversal — hammer/engulfing with volume — and a reclaim of 4,048 (daily S1).
• Invalidation: 1h close below 4,020.
• Target: 4,064-4,079 pivot cluster (i.e. sell the bounce into the same zone the setup above uses).
• Conviction: 38%.
• Rationale: 1h RSI at 36.8 is close enough to oversold that a mechanical bounce is possible, and the 0.786 fib retracement of last week's range sits at 4,019.61 — a common exhaustion level. But this is explicitly a counter-trend scalp against a hawkish macro and a Strong Sell tape, so it's sized small and taken off at the first pivot.

Levels worth marking

• 4,147.36 — weekly R1, coincides with 4h swing high area; only relevant if 4,097 breaks.
• 4,097.38 — daily R1, my invalidation for the primary sell.
• 4,079.04 / 4,064.70 / 4,064.20 — daily pivot / weekly pivot / daily EMA20. This is the trade. The 0.5 fib at 4,069.83 sits right in the middle.
• 4,049.11 — 0.618 fib of last week's swing. Golden pocket runs 4,049 → 4,070; price is currently below it and needs to reclaim to bounce.
• 4,048.49 — daily S1, immediate resistance from below.
• 4,030.15 — daily S2, my BUY trigger zone.
• 4,019.61 — 0.786 fib, matches five-session low at 4,020.76.
• 3,982.03 / 3,971.76 — last week's low and weekly S1, the primary target for the sell.

Calendar / catalysts

From the pre-fetched ForexFactory block:

• Tue Jul 28, 17:00 UTC — USD CB Consumer Confidence (forecast 92.4, prev 91.2). Medium impact; a hot print pushes DXY further and gold lower into the Fed.
• Tue Jul 28, 06:05 UTC — AUD RBA Gov Bullock Speaks (already passed at time of writing).
• Mon Jul 27, 21:50 UTC — President Trump Speaks (already passed).

The critical event is tomorrow's FOMC (Jul 29), which sits inside the Fed-odds table above but is not on the pre-fetched ForexFactory list I was given — flagging that explicitly rather than inventing an entry. That decision is the risk event for every level in this note.

Sources cited

• US Treasury (real yield curve, breakeven, nominal 10y).
• CME FedWatch-equivalent Fed-funds futures (rate-move odds).
• investing.com (automated technical aggregate + headlines: "Gold prices slip as firm dollar weighs; Fed decision eyed," "Gold stuck in $3,955-$4,170 rectangle").
• Kitco (spot desk color).
• ForexFactory (calendar).
• CFTC COT — attempted; report unavailable this run, so positioning is not in the read.

Desk summary & bias

Gold is trading 4,043 into a Fed meeting where futures assign one-in-three odds to a HIKE, the 10y real yield is grinding higher, the dollar is above every EMA on every timeframe, and investing.com's automated tape reads Strong Sell — and my own multi-timeframe work agrees with them, which is worth noting because when I disagree with that aggregate I'll flag it. Technically, every horizon 15m through daily is under its EMA20, and the 4,064-4,079 pivot/EMA20 cluster is the level that decides whether we get a bounce-to-sell or a straight leg down. The single most important thing to watch is how price handles that 4,064-4,079 zone into and immediately after tomorrow's Fed statement.

#	Bias	Setup	Trigger	Entry zone	Invalidation	Target	Conviction	Why
1	SELL	Bounce-fade	15m rejection at pivot cluster	4,064–4,079	4,097	3,982	62%	Weekly + daily pivot + daily EMA20 + 0.5 fib all stack; macro (real yields ↑, DXY ↑, 34% hike odds) aligned bearish.
2	BUY	Oversold reclaim	Bullish reversal + reclaim of S1	4,020–4,030	4,020	4,064	38%	1h RSI 36.8, 0.786 fib at 4,019, five-session low at 4,020. Counter-trend scalp only.
3	SELL	Break-and-go	1h close < 4,020	4,015–4,020 (retest)	4,048	3,971	45%	If 4,020 gives on a hawkish Fed, next real support is weekly S1 at 3,971. Trend continuation.

Net desk bias: SELL. Real yields are rising into a Fed with a 34% hike tail, DXY is firm across all EMAs with the correlation to gold at -0.53, and technicals are below EMA20 on every timeframe from 15m to daily. Where macro and technicals could disagree — an oversold 1h RSI — the disagreement is small and mechanical, not structural, so I'm weighting the macro/tape read. Trade the range against 4,079; if it breaks and holds, I'm wrong and the note is void.

(not financial advice)

//@version=5
indicator("Gold Desk 2026-07-28 — bias SELL", overlay=true, max_lines_count=300, max_labels_count=300, max_boxes_count=100)

// ── EMAs ──
ema20  = ta.ema(close, 20)
ema50  = ta.ema(close, 50)
ema200 = ta.ema(close, 200)
plot(ema20,  title="EMA20",  color=color.new(color.yellow, 0), linewidth=1)
plot(ema50,  title="EMA50",  color=color.new(color.orange, 0), linewidth=1)
plot(ema200, title="EMA200", color=color.new(color.red,    0), linewidth=2)

// ── Fibonacci swing anchors (last week's HLC: high 4157.63, low 3982.03) ──
swingHigh = 4157.63
swingLow  = 3982.03
fibRange  = swingHigh - swingLow
fib236 = swingHigh - 0.236 * fibRange
fib382 = swingHigh - 0.382 * fibRange
fib500 = swingHigh - 0.500 * fibRange
fib618 = swingHigh - 0.618 * fibRange
fib786 = swingHigh - 0.786 * fibRange

hline(fib236, "Fib 0.236", color=color.new(color.gray, 40), linestyle=hline.style_dotted)
hline(fib382, "Fib 0.382", color=color.new(color.gray, 40), linestyle=hline.style_dotted)
hline(fib500, "Fib 0.500", color=color.new(color.gray, 20), linestyle=hline.style_dashed)
hline(fib618, "Fib 0.618", color=color.new(color.gray, 20), linestyle=hline.style_dashed)
hline(fib786, "Fib 0.786", color=color.new(color.gray, 40), linestyle=hline.style_dotted)

// ── Pivot levels ──
hline(4147.36, "Weekly R1", color=color.new(color.red, 30), linestyle=hline.style_solid)
hline(4097.38, "Daily R1",  color=color.new(color.red, 50), linestyle=hline.style_solid)
hline(4079.04, "Daily P",   color=color.new(color.blue, 30), linestyle=hline.style_solid)
hline(4064.70, "Weekly P",  color=color.new(color.blue, 10), linestyle=hline.style_solid)
hline(4048.49, "Daily S1",  color=color.new(color.green, 50), linestyle=hline.style_solid)
hline(4030.15, "Daily S2",  color=color.new(color.green, 30), linestyle=hline.style_solid)
hline(3971.76, "Weekly S1", color=color.new(color.green, 10), linestyle=hline.style_solid)

// ── Single-draw guard: paint fixed-price objects exactly once ──
if barstate.islastconfirmedhistory
    lb = bar_index - 200
    rb = bar_index + 60

    // ── Golden pocket (0.5 → 0.618) ──
    box.new(lb, fib500, rb, fib618, bgcolor=color.new(color.yellow, 78), border_color=color.new(color.yellow, 40), border_width=1)
    label.new(rb, (fib500 + fib618) / 2, "Golden Pocket 4049–4070", style=label.style_label_left, color=color.new(color.yellow, 50), textcolor=color.white, size=size.small)

    // ── Supply zone: 4064–4079 (weekly P + daily P + EMA20 cluster) ──
    box.new(lb, 4079.04, rb, 4064.20, bgcolor=color.new(color.red, 80), border_color=color.new(color.red, 30), border_width=1)
    label.new(rb, 4072.0, "SUPPLY 4064–4079 (P + EMA20)", style=label.style_label_left, color=color.new(color.red, 40), textcolor=color.white, size=size.small)

    // ── Demand zone: 4020–4030 (S2 + 5-session low + 0.786 fib) ──
    box.new(lb, 4030.15, rb, 4019.61, bgcolor=color.new(color.green, 80), border_color=color.new(color.green, 30), border_width=1)
    label.new(rb, 4025.0, "DEMAND 4020–4030 (S2 + 0.786)", style=label.style_label_left, color=color.new(color.green, 40), textcolor=color.white, size=size.small)

    // ── Target shelf: 3971–3982 (weekly S1 + last-week low) ──
    box.new(lb, 3982.03, rb, 3971.76, bgcolor=color.new(color.green, 70), border_color=color.new(color.green, 20), border_width=1)
    label.new(rb, 3976.5, "TARGET 3971–3982", style=label.style_label_left, color=color.new(color.green, 30), textcolor=color.white, size=size.small)

    // ── Trade 1: SELL bounce-fade ──
    line.new(bar_index - 40, 4097.0, bar_index + 40, 4097.0, color=color.new(color.red, 0), width=2, style=line.style_dashed)
    line.new(bar_index - 40, 3982.0, bar_index + 40, 3982.0, color=color.new(color.lime, 20), width=2, style=line.style_dashed)
    label.new(bar_index + 40, 4097.0, "SELL 1 Invalid 4097", style=label.style_label_left, color=color.new(color.red, 30), textcolor=color.white, size=size.small)
    label.new(bar_index + 40, 3982.0, "SELL 1 Target 3982 · 62%", style=label.style_label_left, color=color.new(color.green, 30), textcolor=color.white, size=size.small)

    // ── Trade 2: BUY oversold reclaim ──
    line.new(bar_index - 40, 4020.0, bar_index + 40, 4020.0, color=color.new(color.red, 30), width=1, style=line.style_dashed)
    line.new(bar_index - 40, 4064.0, bar_index + 40, 4064.0, color=color.new(color.lime, 30), width=1, style=line.style_dashed)
    label.new(bar_index + 40, 4020.0, "BUY 2 Invalid 4020", style=label.style_label_left, color=color.new(color.red, 40), textcolor=color.white, size=size.small)
    label.new(bar_index + 40, 4064.0, "BUY 2 Target 4064 · 38%", style=label.style_label_left, color=color.new(color.green, 40), textcolor=color.white, size=size.small)

    // ── Trade 3: SELL break-and-go ──
    line.new(bar_index - 40, 4048.0, bar_index + 40, 4048.0, color=color.new(color.red, 20), width=1, style=line.style_dotted)
    line.new(bar_index - 40, 3971.0, bar_index + 40, 3971.0, color=color.new(color.lime, 10), width=2, style=line.style_dotted)
    label.new(bar_index + 40, 3971.0, "SELL 3 Target 3971 · 45%", style=label.style_label_left, color=color.new(color.green, 20), textcolor=color.white, size=size.small)

    // ── Net-bias banner ──
    var table biasTable = table.new(position.top_right, 2, 4, border_width=1)
    table.cell(biasTable, 0, 0, "GOLD DESK 2026-07-28", bgcolor=color.new(color.black, 20), text_color=color.white, text_size=size.small)
    table.cell(biasTable, 1, 0, "SELL",                 bgcolor=color.new(color.red, 20),   text_color=color.white, text_size=size.small)
    table.cell(biasTable, 0, 1, "Real yield 10y",       bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 1, 1, "2.44% (+1bp)",         bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 0, 2, "DXY",                  bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 1, 2, "101.54 (+0.56%)",      bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 0, 3, "FOMC Jul29 hike odds", bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 1, 3, "34%",                  bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)

{"bias": "SELL",
 "ideas": [
   {"bias": "SELL", "label": "Bounce-fade", "entry_low": 4064, "entry_high": 4079,
    "invalidation": 4097, "target": 3982, "conviction": 62},
   {"bias": "BUY", "label": "Oversold reclaim", "entry_low": 4020, "entry_high": 4030,
    "invalidation": 4020, "target": 4064, "conviction": 38},
   {"bias": "SELL", "label": "Break-and-go", "entry_low": 4015, "entry_high": 4020,
    "invalidation": 4048, "target": 3971, "conviction": 45}
 ]}

TradingView chart script

Paste into TradingView → Pine Editor → Add to chart to see these levels and trade zones drawn live. (Also attached to the email edition as a .pine file.)

//@version=5
indicator("Gold Desk 2026-07-28 — bias SELL", overlay=true, max_lines_count=300, max_labels_count=300, max_boxes_count=100)

// ── EMAs ──
ema20  = ta.ema(close, 20)
ema50  = ta.ema(close, 50)
ema200 = ta.ema(close, 200)
plot(ema20,  title="EMA20",  color=color.new(color.yellow, 0), linewidth=1)
plot(ema50,  title="EMA50",  color=color.new(color.orange, 0), linewidth=1)
plot(ema200, title="EMA200", color=color.new(color.red,    0), linewidth=2)

// ── Fibonacci swing anchors (last week's HLC: high 4157.63, low 3982.03) ──
swingHigh = 4157.63
swingLow  = 3982.03
fibRange  = swingHigh - swingLow
fib236 = swingHigh - 0.236 * fibRange
fib382 = swingHigh - 0.382 * fibRange
fib500 = swingHigh - 0.500 * fibRange
fib618 = swingHigh - 0.618 * fibRange
fib786 = swingHigh - 0.786 * fibRange

hline(fib236, "Fib 0.236", color=color.new(color.gray, 40), linestyle=hline.style_dotted)
hline(fib382, "Fib 0.382", color=color.new(color.gray, 40), linestyle=hline.style_dotted)
hline(fib500, "Fib 0.500", color=color.new(color.gray, 20), linestyle=hline.style_dashed)
hline(fib618, "Fib 0.618", color=color.new(color.gray, 20), linestyle=hline.style_dashed)
hline(fib786, "Fib 0.786", color=color.new(color.gray, 40), linestyle=hline.style_dotted)

// ── Pivot levels ──
hline(4147.36, "Weekly R1", color=color.new(color.red, 30), linestyle=hline.style_solid)
hline(4097.38, "Daily R1",  color=color.new(color.red, 50), linestyle=hline.style_solid)
hline(4079.04, "Daily P",   color=color.new(color.blue, 30), linestyle=hline.style_solid)
hline(4064.70, "Weekly P",  color=color.new(color.blue, 10), linestyle=hline.style_solid)
hline(4048.49, "Daily S1",  color=color.new(color.green, 50), linestyle=hline.style_solid)
hline(4030.15, "Daily S2",  color=color.new(color.green, 30), linestyle=hline.style_solid)
hline(3971.76, "Weekly S1", color=color.new(color.green, 10), linestyle=hline.style_solid)

// ── Single-draw guard: paint fixed-price objects exactly once ──
if barstate.islastconfirmedhistory
    lb = bar_index - 200
    rb = bar_index + 60

    // ── Golden pocket (0.5 → 0.618) ──
    box.new(lb, fib500, rb, fib618, bgcolor=color.new(color.yellow, 78), border_color=color.new(color.yellow, 40), border_width=1)
    label.new(rb, (fib500 + fib618) / 2, "Golden Pocket 4049–4070", style=label.style_label_left, color=color.new(color.yellow, 50), textcolor=color.white, size=size.small)

    // ── Supply zone: 4064–4079 (weekly P + daily P + EMA20 cluster) ──
    box.new(lb, 4079.04, rb, 4064.20, bgcolor=color.new(color.red, 80), border_color=color.new(color.red, 30), border_width=1)
    label.new(rb, 4072.0, "SUPPLY 4064–4079 (P + EMA20)", style=label.style_label_left, color=color.new(color.red, 40), textcolor=color.white, size=size.small)

    // ── Demand zone: 4020–4030 (S2 + 5-session low + 0.786 fib) ──
    box.new(lb, 4030.15, rb, 4019.61, bgcolor=color.new(color.green, 80), border_color=color.new(color.green, 30), border_width=1)
    label.new(rb, 4025.0, "DEMAND 4020–4030 (S2 + 0.786)", style=label.style_label_left, color=color.new(color.green, 40), textcolor=color.white, size=size.small)

    // ── Target shelf: 3971–3982 (weekly S1 + last-week low) ──
    box.new(lb, 3982.03, rb, 3971.76, bgcolor=color.new(color.green, 70), border_color=color.new(color.green, 20), border_width=1)
    label.new(rb, 3976.5, "TARGET 3971–3982", style=label.style_label_left, color=color.new(color.green, 30), textcolor=color.white, size=size.small)

    // ── Trade 1: SELL bounce-fade ──
    line.new(bar_index - 40, 4097.0, bar_index + 40, 4097.0, color=color.new(color.red, 0), width=2, style=line.style_dashed)
    line.new(bar_index - 40, 3982.0, bar_index + 40, 3982.0, color=color.new(color.lime, 20), width=2, style=line.style_dashed)
    label.new(bar_index + 40, 4097.0, "SELL 1 Invalid 4097", style=label.style_label_left, color=color.new(color.red, 30), textcolor=color.white, size=size.small)
    label.new(bar_index + 40, 3982.0, "SELL 1 Target 3982 · 62%", style=label.style_label_left, color=color.new(color.green, 30), textcolor=color.white, size=size.small)

    // ── Trade 2: BUY oversold reclaim ──
    line.new(bar_index - 40, 4020.0, bar_index + 40, 4020.0, color=color.new(color.red, 30), width=1, style=line.style_dashed)
    line.new(bar_index - 40, 4064.0, bar_index + 40, 4064.0, color=color.new(color.lime, 30), width=1, style=line.style_dashed)
    label.new(bar_index + 40, 4020.0, "BUY 2 Invalid 4020", style=label.style_label_left, color=color.new(color.red, 40), textcolor=color.white, size=size.small)
    label.new(bar_index + 40, 4064.0, "BUY 2 Target 4064 · 38%", style=label.style_label_left, color=color.new(color.green, 40), textcolor=color.white, size=size.small)

    // ── Trade 3: SELL break-and-go ──
    line.new(bar_index - 40, 4048.0, bar_index + 40, 4048.0, color=color.new(color.red, 20), width=1, style=line.style_dotted)
    line.new(bar_index - 40, 3971.0, bar_index + 40, 3971.0, color=color.new(color.lime, 10), width=2, style=line.style_dotted)
    label.new(bar_index + 40, 3971.0, "SELL 3 Target 3971 · 45%", style=label.style_label_left, color=color.new(color.green, 20), textcolor=color.white, size=size.small)

    // ── Net-bias banner ──
    var table biasTable = table.new(position.top_right, 2, 4, border_width=1)
    table.cell(biasTable, 0, 0, "GOLD DESK 2026-07-28", bgcolor=color.new(color.black, 20), text_color=color.white, text_size=size.small)
    table.cell(biasTable, 1, 0, "SELL",                 bgcolor=color.new(color.red, 20),   text_color=color.white, text_size=size.small)
    table.cell(biasTable, 0, 1, "Real yield 10y",       bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 1, 1, "2.44% (+1bp)",         bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 0, 2, "DXY",                  bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 1, 2, "101.54 (+0.56%)",      bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 0, 3, "FOMC Jul29 hike odds", bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)
    table.cell(biasTable, 1, 3, "34%",                  bgcolor=color.new(color.black, 40), text_color=color.white, text_size=size.tiny)