XAUUSD

Gold is showing a weak trend following the FOMC decision. Currently, the pivot level of 3303.81 is of critical importance. As long as it remains below this level, the supports at 3242.62 and 3222.50 may be tested. In particular, the 3222.50 support creates an important defense line. If this support is broken, it could decline to 3189.15. The Fed's cautious stance regarding interest rate cuts may lead to a loss of value. Geopolitical risks and economic data should be closely monitored.