XAUUSD : Gold slightly corrected ahead of the FOMC meeting
Updated
Gold prices adjusted slightly downward as the USD appreciated thanks to a change in market expectations about the Fed's interest rates.
During the March 19 session, gold prices fell to $2,150 as the US dollar continued to increase in price ahead of the Fed's FOMC meeting. The precious metal's nearest support is at the December 4 peak around $2,145. If this threshold is broken, XAU/USD could fall to the next support zone at $2,097.
Today, all attention will be on the Fed's FOMC meeting at 1 p.m.
During the March 19 session, gold prices fell to $2,150 as the US dollar continued to increase in price ahead of the Fed's FOMC meeting. The precious metal's nearest support is at the December 4 peak around $2,145. If this threshold is broken, XAU/USD could fall to the next support zone at $2,097.
Today, all attention will be on the Fed's FOMC meeting at 1 p.m.
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