Day after FOMC, GOLD
XAUUSD 4H, During the release of FOMC, XAUUSD swiped for liquidity at the discount zone and went up the the premium zone. On the intraday perspective it did not manage to go beyond the equilibrium area which was set on the 18th of September. The bigger trend for XAUUSD is still bearish despite FOMC. Today we would need to see daily close below 1660.29 for XAUUSD to continue its bearish trend. The next strong support is 1654.28. If the price does not break 1654.28 by end of this week, XAUUSD will remain in this corrective range.
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