Gold Technical Outlook: XAU/USD Bulls Regroup at a Critical Pivot Ahead of Fed
Gold is attempting to stabilize near a pivotal technical zone, with the Fed decision poised to provide the catalyst for the next major move.
Written by
Michael Boutros
Sr. Technical Strategist
Gold Technical Outlook: XAU/USD Multi-Timeframe Analysis
Gold heads into the Federal Reserve decision with the rate move already priced near 93%, leaving the dot plot to set the direction. Michael Boutros, StoneX Media Senior Market Analyst, walks through gold on the weekly, daily and four hour charts and the scenarios the Federal Reserve projections could produce. Gold has declined nearly 9.4% from its August high and has spent three consecutive weeks straddling the same yearly reference level. The dot plot and the updated Summary of Economic Projections carry the reaction, since the rate move is close to fully priced. Treasury yields, especially the front end of the curve, and the U.S. dollar are how those projections reach precious metals.
This content was created by an affiliate of StoneX Trading and represents the views and opinions of the author/speakers, not the views and opinions of StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by StoneX Trading
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Written by Michael Boutros, Senior Technical Strategist
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