Gold Price Forecast: $4,325 Support in Focus Ahead of Fed - FXEmpire

AI desk brief

Gold is testing its 200-day EMA around $4,269.60 as rising yields and energy-driven inflation expectations pressure non-yielding assets ahead of Wednesday’s Fed decision. The article flags $4,325 as a key technical level: a break below it would strengthen the downside case, while a bounce would suggest the recent sideways range may persist.

Near term, the setup is cautious rather than bullish. The author argues the market is slightly oversold but sees limited upside until the Fed and US bond yields provide clearer direction.