Gold Technical Outlook

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Gold Technical OutlookGOLD (US$/OZ)TVC:GOLDAryan_Forex**Market Analysis:** On the H4 chart, gold continues to trade within a sideways range, while the MACD lines and histogram are expanding around the zero line, indicating increasing momentum but no clear directional bias. If the FOMC minutes reveal that most policymakers support the new approach of reducing reliance on forward guidance, uncertainty surrounding the interest rate outlook could increase, which may weigh on gold prices. On the other hand, if the minutes show significant differences of opinion among committee members regarding the economic outlook and a more cautious stance toward further aggressive rate hikes, market concerns over tighter monetary policy could ease, providing support for gold prices.