Gold : Pre-FOMC

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Gold : Pre-FOMC GoldOANDA:XAUUSDCHIT0SEWhat are your thoughts on XAUUSD today? 🤔 Despite a brief bounce, high inflation is making it difficult for gold to rally. The market is currently waiting for a catalyst from Kevin's speech. On the 4H structure: 🔻 Key level rejection at the resistance area 🔻 Potential movement testing the $3928 - $3765 support Bias: Bearish 📉