XAUUSD

Eyes are on gold ahead of the evening's FED decision: Although no changes in interest rates are expected, if growth/employment data comes in above expectations, and subsequently the FED sends a hawkish message, gold prices could quickly drop below the 3319.08 pivot to the support levels of 3292.83 and even 3275.55. However, if there is weakness in the data or if the FED remains in a dovish tone, strong movements could be seen towards the resistance levels of 3336.36, 3362.61, and 3384.37. The critical thresholds that make the day volatile and directionally decisive are particularly in the 3319.08 and 3336.36 range.