$XAU

XAUUSDT

دائم

4,881.66

-1.44%

We have an important week ahead due to the FOMC.

Ongoing geopolitical tensions are pushing metal prices higher day by day.

From a technical perspective, I am expecting a retracement from the 5000-5030 zone. The 5000 level is a key psychological level, and a corrective wave is expected.

DXY (Dollar Index): The DXY is near its yearly channel support line, so there is a possibility it could take support from this level.

FOMC: More than 95.6% of Fed members are in favor of no rate cut, so it is expected that there will be no change in interest rates.