From TradingView · · 40s
Gold Drops Before FOMC
Gold falls as Fed hike fears intensify.
In brief
Gold falls as Fed hike fears intensify. Gold price drops to $4,326 after failed resistance near $4,400 ahead of FOMC meeting. Originally reported by TradingView.
Gold price
Gold trades near $4,326 after recent sell-side liquidity sweep.
Market outlook
Gold remains below descending trendline with bearish structure.
FOMC impact
Markets price 92% chance of 25 basis point Fed rate hike.
Key resistance
Price targets $4,395-$4,405 internal supply zone.
Trading scenario
Sell priority: price retraces into internal supply with bearish rejection.
Post-FOMC move
Gold reverses sharply after failing to hold $4,400 resistance.
The takeaway
Gold price drops to $4,326 after failed resistance near $4,400 ahead of FOMC meeting.
