From TradingView · · 1m 40s
Gold Pre-FOMC: Trading the 4,260 to 4,370 Range
Traders await the Fed's rate decision as gold consolidates between key support and resistance levels.
In brief
Traders await the Fed's rate decision as gold consolidates between key support and resistance levels. Gold is coiling in a tight range ahead of the FOMC announcement, with institutional traders positioned to buy dips at 4,260 and target a breakout toward 4,370. Originally reported by TradingView.
Gold holds steady before Fed decision
Gold spot price hovers near $4,313 on September 16, 2026, as markets await the FOMC interest rate decision and updated economic projections. Policy rates are expected to stay at 3.50% to 3.75%.
“Spot Gold hovers near $4,313 on Wednesday, September 16, 2026, as global markets brace for today's pivotal FOMC Interest Rate Decision”
Institutional traders coil for volatility
Smart money is compressing price into a tight range between the 4,260 demand zone and 4,320 resistance, preparing for a sharp directional move after the Fed announcement. This classic pre-FOMC setup signals an aggressive expansion is coming.
“Institutional order flow reflects a classic pre-FOMC volatility compression.”
Double-bottom forms at demand zone
Gold printed a double-bottom absorption at 4,260 to 4,275 after multiple downside sweeps within a bearish descending channel. Price is currently rejected at the 4,310 to 4,320 resistance zone.
“Following multiple CHoCH and BOS downside sweeps, price printed a double-bottom absorption at the Demand Zone (4,260, 4,275).”
Bullish breakout targets 4,370
If price retests the 4,260 to 4,275 demand zone and validates bullish signals on lower timeframes, traders should buy and target 4,350 to 4,370 as the intermediate supply block and descending channel ceiling.
“look to execute Long positions targeting 4,315, expanding through 4,322 directly toward the 4,350.00, 4,370.00 Intermediate Supply”
Bearish invalidation below 4,250
If gold closes decisively below 4,250 during the FOMC announcement, the bullish accumulation thesis breaks down and price could flush deeper toward 4,220. This is the key level that flips the bias.
“IF price confirms a decisive 1H close below 4,250 during the FOMC rate release -> THEN the demand accumulation thesis is invalidated”
Risk-reward favors buying the dip
Fading the range midpoint at 4,313 ahead of the Fed decision offers poor risk-to-reward. The mathematical edge favors buying verified liquidity at 4,260 to 4,275 to ride the post-FOMC expansion wave.
“our mathematical edge favors buying verified liquidity defenses at the 4,260, 4,275 demand floor to ride the expansion wave”
The headline
Gold is coiling in a tight range ahead of the FOMC announcement, with institutional traders positioned to buy dips at 4,260 and target a breakout toward 4,370.
