FX.co ★ king.zelda | XAU/USD, GOLD

The price of GOLD has been showing a noticeable increase since last night, following the Fed meeting. It managed to grow almost $100 to the north from the support zone of 4500-4550. At the moment, we are approaching a strong local resistance at 4650, which may lead to a resumption of the downward trend back towards 4550. If such a decline occurs in the near future, we can expect further updates of local minimums around $4400-4350. Currently, the dollar is strengthening well in the market, and I believe this trend will be actively reflected in gold as well. It's better not to rush with purchases for now.