Gold (XAU/USD) Price Forecast: Fed Sparks Volatility – Pulls Back From $3,707 Peak
From fxempire.com
Gold triggered a one-day bearish reversal on Wednesday, breaking below Tuesday’s low after briefly touching a new record high of $3,707. The volatility followed the Federal Reserve’s rate decision and forward guidance, which fueled sharp swings across markets. By the afternoon session, sellers had regained control, keeping trade in the lower third of the day’s range. A close below $3,675 would confirm a bearish outside day, marking a notable shift in near-term momentum. Although gold notched another record on Tuesday, momentum had already been showing signs of fatigue, reflected in a narrow-range session despite the ...
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