XAUUSD 1D SELL ViewGoldOANDA:XAUUSDGOLDFXCCGOLD MARKET OUTLOOK — 16 SEPTEMBER Gold is trading today between $4,260 and $4,318. ✍️Technical View • Daily: The correction from $4,697 remains active. Gold is still well below its 200-day moving-average area around $4,530–$4,543, keeping the wider structure bearish. • H4: Sellers remain in control after Monday’s recovery was rejected at $4,356. Today’s lower high near $4,318 confirms that upside momentum is still weak. • H1: Gold has returned close to its session low. $4,284–$4,297 is the immediate Fibonacci recovery zone, while $4,264–$4,253 is the main support and decision area. ✍️How to read the price action? — Most likely scenario: While gold remains below $4,284–$4,297, pressure stays tilted toward $4,264–$4,253. An H1 close below $4,253, followed by failure to reclaim it, could expose $4,230–$4,223, then $4,203–$4,200. Recovery above $4,297 would weaken this path. — Alternative scenario: An H1 close above $4,297 that holds on a retest could support a rebound toward today’s $4,318 high. Acceptance above $4,318 would bring $4,335–$4,356 into focus. A return below $4,284 would weaken the recovery. The dollar index has strengthened toward 99.63, while the US 10 year Treasury yield reached 5.0266%, its highest since 2007. Brent oil is holding near $107. Higher oil supports gold through geopolitical risk, but its inflation impact is currently strengthening the dollar, yields and expectations of tighter Fed policy. Markets price roughly a 93% probability of a quarter-point Fed increase. ✍️Economic News The Fed’s two day meeting begins today. Wednesday’s decision is due at 7:00 PM London time, followed by the press conference at 7:30 PM. Volatility may remain uneven as traders position ahead of the announcement.