In the evening, gold pushed up to around 4360 but met resistance and fell back. This rebound is a typical technical correction rather than a trend reversal.
With 4360 as a strong near-term pressure level, once the price reached it, selling pressure came out immediately—bullish momentum couldn’t keep up.
Resistance above lies at 4360 and 4375; support below is at 4330, with strong support at 4310.
The Fed decision just before dawn is the real turning-point window. Before the data, market action has been extremely choppy and there are many fake breakouts.
If the rebound fails to break 4360, the outlook remains for a pullback. Trade with risk control—don’t overcommit or bet on the data.#XAUUSD
With 4360 as a strong near-term pressure level, once the price reached it, selling pressure came out immediately—bullish momentum couldn’t keep up.
Resistance above lies at 4360 and 4375; support below is at 4330, with strong support at 4310.
The Fed decision just before dawn is the real turning-point window. Before the data, market action has been extremely choppy and there are many fake breakouts.
If the rebound fails to break 4360, the outlook remains for a pullback. Trade with risk control—don’t overcommit or bet on the data.#XAUUSD