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Gold awaits the US Federal Reserve’s decision

Technical Analysis
By Mostafa Mahmoud
Gold awaits the US Federal Reserve's decision
0 5

GOLD

الذهب 17-6-2026

Gold is trading around resistance level $4350, and this area is likely to limit the pace of upside during today’s trading.

Support

 4050 3900
Resistance 4350

4500

Gold prices stabilized after four sessions of gains, supported by easing concerns linked to energy prices following the temporary agreement between the United States and Iran. The agreement helped calm tensions in the Middle East and supported gold as a non yielding asset. The precious metal also benefited from weakness in the U.S. dollar, with the dollar index remaining near a 10 day low, while markets await the first Federal Reserve decision under Kevin Warsh to assess the direction of monetary policy in the coming period.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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