Tonight, the Fed interest rate decision is on the stage—it's also the moment when another storm of market action is about to hit. As early as the 14th, I mentioned that the gold price would consolidate and trend downward toward the 4300 area, and the current market trend is basically in line with my forecast.
Now we just need to wait for the Fed’s decision to land later this evening, to verify whether the earlier call is correct—specifically, whether we’ll see a rebound after the decision that pushes toward 4400. If things do unfold as expected, and after the decision the gold price launches an upside advance toward 4400, then the current price level would be an opportunity to scale in on long positions. $XAU
Now we just need to wait for the Fed’s decision to land later this evening, to verify whether the earlier call is correct—specifically, whether we’ll see a rebound after the decision that pushes toward 4400. If things do unfold as expected, and after the decision the gold price launches an upside advance toward 4400, then the current price level would be an opportunity to scale in on long positions. $XAU
