Gold is consolidating around $3,650 (near resistance), still supported by a weak USD and subdued US yields. Key levels: $3,675 (latest high) above, with $3,626 as support.
FOMC decision will be decisive: dovish (-25 bps + further signals) → USD tends to weaken → gold has the potential to rise; more cautious/hawkish → USD could rebound → gold is vulnerable to a correction to the support area.
Oil price at the time of writing was $3,659.
DISCLAIMER
Note: This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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