Gold corrects ahead of rate cut (bullish)

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Gold corrects ahead of rate cut (bullish) XAU/USD SpotFX:XAUUSDAndeWaveGold is rebounding from trend resistance ahead of the new week. The market was not ready to buy at high prices ahead of a possible Fed interest rate cut. Under pressure from sellers, the price of gold is falling to retest trend support. The price attraction zone is support at 3657-3646. Below this area, there is an accumulation of trader positions that may be liquidated before the price begins to rise. As for the Fed, rates are likely to be cut, but it will be necessary to monitor what Powell says about future policy. If he supports 2-3 interest rate cuts, gold may continue its global growth...