XAU/USD Update | Gold Under Pressure Following FOMC VolatilityGoldOANDA:XAUUSDazgoldtraderGold just missed the 4387 resistance level before the FOMC news sent price sharply lower, finally filling the market open gap. Price is now trading below both moving averages, which shifts the short-term bias to the downside. If we get a confirmed break below the 4271 support zone, lower support levels will come into focus, and we will be watching closely for signs of buyer interest. For bulls to regain control, price needs to reclaim 4271 and then 4337. A move back above these levels could open the door for another test of the 4387 resistance zone. 📌Key Levels to watch: Resistance: 4271 4337 4387 Support: 4186 4068 4014 3938 Let the levels guide you and wait for confirmation.