Gold at ATH before FOMC shakeout first or straight breakout?

🧭 Macro Snapshot

Donald Trump maintains a hardline stance, increasing military presence in the Middle East → geopolitical risk remains elevated.

Tonight’s key focus: Federal Reserve

Political pressure and questions around Fed independence.

DXY continues to weaken, retesting major historical support (2020–2022) → supportive for gold.

👉 Conclusion: Geopolitics + a weaker USD set the bullish bias, while the Fed determines short-term volatility.

📊 Intraday Range to Watch

Upper range: 5,280 – 5,305

Lower range: 5,190 – 5,160

→ High probability of range trading and liquidity absorption ahead of the Fed decision.

🟢 Support

5,220–5,225 | 5,150–5,165 | 5,080–5,085 | 5,050–5,060

🔴 Resistance

5,280–5,294 | 5,300 | 5,315 | 5,380–5,385

⚠️ Strategy Notes

Expect possible fake moves / stop hunts within the range.

Avoid chasing highs or catching tops without confirmation.

Focus on price reaction at key levels and stay disciplined.

Summary: Gold is fundamentally supported, but today the key is how price reacts within 5,160–5,305.
Be patient — wait for confirmation — trade the reaction.