Gold Awaits Fed's Move

i förrgårXAUUSD is currently trading at $2,586, near the critical resistance level of $2,588.972.

The upward momentum is still supported by the EMA 34 ($2,561.747) and EMA 89 ($2,536.316). However, if this resistance is not broken, the price may retrace to the support zone at $2,554.101.

If the price holds above this level, gold could continue rising, aiming for the $2,614 mark.

With the FOMC meeting scheduled for later today, the market is awaiting key interest rate decisions, which could cause significant short-term volatility in gold prices.

Traders should closely monitor macroeconomic news signals to make informed trading decisions.