Gold (XAUUSD) Eyes Volatility as FOMC Looms – Key Levels to Watch
Markets brace for swings in gold prices ahead of the next FOMC meeting. Traders are watching key support and resistance zones while anticipating whether the Fed will signal rate cuts or maintain a hawkish stance.
Spot gold (XAUUSD) currently trades around US $4,198.68/oz.
Bullish bias remains above pivot US $4,133.95; resistance near US $4,264.70 could open path to US $4,381.44.
Support zones are at US $4,075.58 and long-term at US $3,886.46 if prices dip.
Upcoming FOMC decision and U.S. economic data (jobs, CPI) are expected to trigger volatility.
Gold is in a consolidation phase — traders should monitor pivot and resistance levels closely. Fed signals could drive sharp moves in XAUUSD, offering opportunities for short-term trading or hedging.
