Gold Recovers 1000 Pips Ahead of FOMC: Key Levels in Focus

📊 Market Overview
After a sharp selloff that shook long positions, Gold has rebounded nearly 1000 pips, recovering from the 388x area toward 398x ahead of the upcoming FOMC meeting.
Despite the short-term recovery, Gold remains down around 3.5% this week, showing caution as traders reposition before the Fed decision and amid easing U.S.–China trade tensions.
Currently, the price is trading near $3,980–3,990 during the Asian session, consolidating below the psychological $4,000 mark.

💎 Technical Outlook (H1–M15)
Gold continues trading in a short-term ascending channel, showing a corrective recovery inside a larger downtrend.

Immediate Support Zones:
• 3,961 – 3,937 → Trendline retest & OBS Buy Zone
• 3,918 → Structural invalidation area

Resistance & Key Reaction Levels:
• 4,018 – 4,085 → Mid-term resistance
• 4,094 – 4,102 → Major Sell Zone (Fibo 1.5–1.618 confluence)

📍If Gold breaks and holds above 4,018, momentum could extend toward 4,085–4,102.
📍If it rejects near 4,094–4,102, a correction toward 3,961–3,937 is likely.

🌍 Macro Context – FOMC Ahead
Markets expect a 25bps rate cut. A hawkish tone from Powell may pressure Gold, while a dovish one could send it above $4,100.

🧭 Summary
Gold keeps a short-term bullish bias but remains fragile ahead of FOMC.
Expect volatility around 4,000–4,100; key reactions near 4,094–4,102 will decide the next move.

🛡 Stay patient — liquidity builds before clarity.