$Gold.com(GOLD.US)π [ Weekly ] GOLD AT THE CROSSROADS: $4,000 Pivot and the FOMC Catalyst π¨XAU/USD is testing a key leβ¦
$Gold.com(GOLD.US)
π [ Weekly ] GOLD AT THE CROSSROADS: $4,000 Pivot and the FOMC Catalyst π¨
XAU/USD is testing a key level around $3,995 to $4,000. Selling pressure is picking up ahead of the Federal Reserve meeting on 27 and 28 October.
π· The Technical Snapshots:
Price has broken below the $4,100 range. The 4-hour RSI is deeply oversold at 26.98. That suggests downward momentum may be stretched in the short term.
On the daily chart however the broader trend is still weak. The daily RSI reads 33.21 with no clear signs of a turn yet.
π· The Big Event Next Week ποΈ
The Fed decision will move real yields and the US Dollar. Two clear paths lie ahead:
π Hawkish Outcome:
If the Fed keeps rates higher for longer, gold could fall past $3,950. A daily close below that level may open a drop toward $3,850 followed by support near $3,750.
π Dovish Outcome:
If the message is more accommodative, oversold conditions could fuel a sharp bounce. Look for a relief rally back toward resistance between $4,120 and $4,200.
π· The Verdicts
Be patient. $4,000 may not be the floor yet. Wait for a confirmed reversal on the 4-hour or daily chart before adding new positions.
How are you positioning your gold exposure going into the Fed meeting?
Share your thoughts and discuss π.
Not financial and investment advice. Do your own due diligence.
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