Gold Price Analysis: Key Levels to Confirm Breakout or Pullback
Gold trades at $3,393 as markets await the Federal Reserve’s policy decision and potential developments in US-China trade negotiations. The metal’s safe-haven appeal has waned slightly amid renewed trade optimism, though persistent global growth concerns continue to underpin demand.
Federal Reserve officials are widely expected to hold rates steady, but traders will scrutinize the policy statement for clues about future easing. Technical indicators suggest gold is approaching critical support and resistance levels, presenting a compelling risk-reward scenario for tactical positions.