GOLD Sideways Movement Ahead of FOMC Decision

[lingriiddd]

XAUUSD perfectly played out my previous trading idea. Price is holding inside a well-defined consolidation after its prior surge, with price rotating above the rising channel base. The trend remains constructive, but momentum has cooled, suggesting participants are waiting for a catalyst rather than committing aggressively.

If buyers continue to defend the trendline and the lower boundary of the range, gold could attempt another gradual push toward the upper resistance near 4,300. A brief dip toward the channel support may occur to gather liquidity, potentially offering a better positioning point before any renewed upside attempt.

️ Primary scenario: support holds near 4,160 → rotation higher toward 4,300.
️ Risk scenario: a sustained breakdown below the channel could weaken the bullish structure.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

[Nahid Hossen]

Classic pre-FOMC chop—big move usually comes right after.

[Abdul Khan]

Gold is waiting for a catalyst; volatility will spike soon.