Gold Price Today: FOMC Could Decide Whether XAU Holds $3,970 or Breaks $4,230
Photo: CaptainAltcoin
Gold price is entering today’s Federal Reserve decision trapped between two levels that may define its next larger move. XAU/USD has recovered from support near $3,970 and traded back around the $4,040-$4,050 region ahead of the FOMC announcement. Saxo Bank strategist Ole Hansen describes the current setup as a tug of war between short-term sellers and longer-term buyers. His framework is unusually clean. $3,970 is the level bulls need to defend. $4,230 is the level they need to reclaim. Everything between those prices is still contested territory.
Source: CaptainAltcoin
