GOLD

Gold is trading above the $4,300 support level, and prices are likely to break below it and target $4,180, while this scenario will be invalidated if the $4,500 resistance level is broken to the upside during today’s trading.
|
Support |
4300 | 4180 |
| Resistance | 4500 |
4650 |
Gold is trading near $4,336 an ounce as pressure persists ahead of the Federal Reserve decision, after U.S. inflation data raised expectations for a rate hike this week. Core inflation rose 0.3% in August, exceeding forecasts, which prompted markets to reprice the outlook for tighter monetary policy and pushed gold to a third consecutive weekly loss.
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