XAUUSD POST FOMCGoldOANDA:XAUUSDX_GoldenBoy_XHi, I'm Maicol, an Italian trader. I've been studying Gold since 2019. My trading approach focuses on swing trading and intraday setups. I need your support. Please leave a like and follow my profile. It may seem like a small gesture, but it makes a big difference to my work. Make sure to read the full description to understand today's trading plan. Don't focus only on the chart. Thank you. 🌞 GOOD MORNING EVERYONE 🌞 🔍 Gold Price Action 🔍 Very hawkish FOMC, strong sell-off in gold, which was followed shortly after by indices as well. As you well know, I'm not shorting indices at the moment. Regarding gold, it quickly returned to test the void left by the FOMC drop, so this level — combining the daily shift and weekly lows — wouldn't be a bad spot to continue the short down to yesterday's daily low. However, I'll only evaluate this during the afternoon session with jobless claims and other data, because I'd prefer to see a sweep of the Asian session highs before entering short — especially considering yesterday's bounce from a very precise zone that aligned with the daily level, weekly open, and gap close. UPDATE ON YESTERDAY'S FOMC: WHAT HAPPENED? The Decision on Interest Rates The Fed decided to keep interest rates unchanged. However, Warsh opened the door to a possible rate hike by the end of the year. This is because the central bank had to revise its 2026 U.S. inflation forecasts upward. In simple terms: the rise in prices hasn't been tamed yet, so the Fed is keeping borrowing costs high to avoid overheating the economy further. The "Dot Plot" Case For a beginner, the "Dot Plot" is a chart where each Fed member places a dot to show the markets where they think interest rates will be in the future. Yesterday, Warsh broke a 14-year precedent by deciding not to place his own dot on the chart. With this move, he voluntarily chose not to reveal his exact view on the rate path in advance. Analysts see this decision as a signal of the beginning of a "new regime" and a new communication style for the central bank. The Vision on the U.S. Economy In his speech, Warsh outlined a strong reformist push to reshape the institution. He delivered a very strict message to the markets, resisting the temptation to cut rates too soon. Interestingly, even though he had advocated for rate cuts in the past while he was a candidate for the nomination, once in command he has adopted a much stricter approach against inflation. Warsh presented himself as a leader intent on changing the Fed's habits (as demonstrated by the absence of his dot on the Dot Plot), while maintaining a hard line against inflation and warning that rates could even rise if the U.S. economy doesn't cool down. See you later. 📈 🔔 Turn on notifications so you don't miss any updates! 📬 If you have any questions, feel free to message me. I'll be happy to help. 🔍 Reminder 🔍 I avoid trading during the Asian and London sessions. My main focus is on the high-impact news releases at 8:30 AM ET and the New York session open at 9:30 AM ET. In the meantime, I wish everyone a great day. HAPPY TRADING MANAGE YOUR RISK BE PATIENT