Where is GOLD going this week.............Gold vs US DollarICMARKETS:XAUUSDKironKavanaghCurrent price: ~$4,052.79 (last close before weekend), sitting mid-range between key support and resistance. What's driving gold this week: The calendar is light — no CPI (next release is Aug 12) and no NFP this week — but the FOMC decision lands Wednesday, July 29 at 2:00 PM ET, with markets pricing an ~85.6% chance of a hold at 3.50–3.75% and a notable ~20% probability of a hike (September hike odds have also jumped to ~80%, a hawkish repricing). That's the binary event that will define Wednesday's move. Thursday brings jobless claims and Friday new home sales, but those land after your Mon–Wed window. Separately, Brent crude near $100 and ongoing Middle East tension are providing a floor under gold as a safe-haven offset to the hawkish rate repricing — that tension between "hawkish Fed" (bearish) and "geopolitical risk" (bullish) is exactly why gold has been chopping around $4,000–4,090 rather than trending. Resistance — sell zones: $4,082–$4,090 (immediate, recent swing high), $4,114–$4,120 (secondary, prior consolidation floor), $4,157–$4,166 (major, matches the recent double-top and independent analyst levels around $4,157). Support — buy zones: $4,018–$4,028 (key, a clean double-bottom on your chart at 4023.19/4024.06 that also matches third-party support calls around $4,007–$4,028), $3,989–$4,000 (major, psychological $4,000 has been defended repeatedly per multiple sources), $3,959.72 (extreme, session low line).