Gold Holds Above $4300 β€” All Eyes on the Fed

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Gold Holds Above $4300 β€” All Eyes on the FedGold / U.S. DollarFOREXCOM:XAUUSDchungngctπŸ“Œ Macro Highlights β€’ The U.S. and Iran have reached an agreement to end the conflict, with the official signing expected on June 19. β€’ Gold continues to hold above the $4300 level after a strong gap-up move. β€’ The market's primary focus now shifts to the Federal Reserve's interest rate decision and policy guidance later this week. πŸ“Œ Trading Plan Gold is currently trading within a sideways range: 4300–4315 ↔ 4355–4365 For now, monitor price action within this range and trade the breakout direction. If price breaks above 4365, the next upside targets could be: 4400 | 4425–4450 | 4490 Key support levels: 4290–4300 | 4220 πŸ“Œ Personal Strategy βœ… Prefer both BUY scalps and SELL scalps while price remains inside the current sideways range. βœ… Trade the breakout direction once the market confirms a move outside the range. βœ… Stay patient and wait for clearer direction after the Fed announcement. πŸ“Œ What do you think? Will the Fed be the catalyst that pushes gold out of its current consolidation range, or will the market continue to trade sideways before a larger move unfolds?