From TradingView · · 50s
Fed Day Puts 4,300 Support in Focus
Gold near 4,300 as Fed decision looms.
In brief
Gold near 4,300 as Fed decision looms. Gold faces support at 4,300 ahead of Fed rate decision. Originally reported by TradingView.
Gold Stabilizing After Selloff
Gold has recovered into the 4,320-4,330 area after testing a one-month low earlier this week.
Key Price Levels
Resistance: 4,350-4,370; major resistance: 4,400; immediate support: 4,300; lower support: 4,260-4,280.
Bearish Scenario
If gold remains below 4,350-4,370, sellers could regain control and expose the 4,260-4,280 region.
Bullish Scenario
If buyers defend 4,300 and price moves above 4,350-4,370, gold could extend toward 4,400.
Fed Decision Impact
Markets price a high probability of a 25 basis point rate increase, which could pressure gold through stronger dollar and treasury yields.
Middle East Tensions
Saudi oil infrastructure disruptions keep geopolitical and energy-supply risks elevated, supporting gold while increasing inflation concerns.
In short
Gold faces support at 4,300 ahead of Fed rate decision.
