Key Event Today – FOMC Interest Rate DecisionAs risk-off sentiment cools, gold bulls failed to take control yesterday, resulting in a stalemate with the bears.
From the 4H chart perspective, bearish momentum currently appears stronger,
though bulls are not giving up easily.
Currently, price is rebounding off the 4H MA60 support,
with immediate resistance from the MA20 around 3405.
As time progresses, this resistance is likely to shift lower,
so for now, we’ll treat $3400 as the primary reference point.
For bulls to regain dominance,
they must hold steady above 3405,
and more importantly, protect the support at 3386–3378 during any pullback.
🔔 Key Event Today – FOMC Interest Rate Decision
Today’s trading will also be influenced by the Federal Reserve’s rate decision,
which, based on current expectations, is likely to weigh heavily on bullish sentiment.
📌 Strategy for Today:
Main Bias: Sell the rebound
Secondary Approach: Buy on pullbacks if strong support levels hold
Key support levels to monitor:
⚠️ 3382 zone (minor support)
🔻 Most critical: 4H MA60 around 3366
Stay cautious during the FOMC announcement window, and remember — in volatile markets, reacting with discipline is more important than predicting perfectly.
